RealEstateRama Housing Development
Mayor Domenic J. Sarno announced today his preliminary recommendation for Fiscal Year 2018 property tax rates. This will now be sent to the Springfield City Council for consideration at a meeting scheduled for Monday, December 11, 2017 at 6:00 p.m. The recommended rates are $ 19.69 for residential and $39.25 for commercial, industrial, and personal property (CIP) (per $1,000 valuation).
The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that helps nonprofits create or preserve affordable sober housing in Massachusetts for individuals in recovery. To date, CCRI has awarded more than $10 million in grants for the creation or preservation of more than 2,100 units of substance-free housing, in 50 communities, serving recovery populations that include men, women, families, veterans, the homeless and ex-offenders.
Congressman Joe Kennedy III released the following statement today after House Republicans rejected his amendment to extend the Earned Income Tax Credit to working childless adults by simply maintaining the estate tax.
At a hearing of the Natural Resources Subcommittee on Energy and Mineral Resources, Congresswoman Niki Tsongas (MA-3) spoke in strong opposition to a Republican bill, the Accessing Strategic Resources Offshore Act orASTRO Act, which wouldoverturn reforms put in place after the BP Deepwater Horizon disaster and dramatically expand offshore drilling.
Mayor Domenic J. Sarno and Congressman Richard E. Neal are pleased to announce that the U.S. Department of Housing and Urban Development have approved a $3,650,000 million loan guarantee to the City of Springfield to finance a $41 million redevelopment of the Historic Paramount Theater and Massasoit Building. This transformative project is intended to provide a focal point for cultural and entertainment activities in western Massachusetts
The president and founder of a Falmouth mortgage company pleaded guilty yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million.
Senator Warren Raises Concerns About Aggressive and Misleading Marketing of VA Refinance Mortgages, Urges...
U.S. Senator Elizabeth Warren today raised concerns that certain companies may be aggressively and misleadingly marketing the refinancing of mortgages backed by the U.S. Department of Veterans Affairs (VA), generating fees for themselves at the expense of veterans and American taxpayers.
The Massachusetts Association of Realtors® Charitable Foundation Donates $20,000 in Disaster Relief Aid to...
The Massachusetts Association of Realtors® Charitable Foundation announced today that the group is donating $20,000 to the National Association of Realtors® Realtor® Relief Foundation to fund rescue and recovery efforts underway in the areas of Texas most affected by Hurricane Harvey. All funds go to help Realtors® and others in need with temporary housing, mortgage payments and related expenses
Attorney General Maura Healey joined attorneys general from Maryland, New York and California in issuing the following statement in response to yesterday’s release of the Department of Energy (DOE) study on the U.S. electric grid
Affordability Extended for Senior Citizens Living at Solemar at South Dartmouth through Refinancing of...
MassHousing has provided $17.6 million in affordable housing financing to the Claremont Companies for the refinancing of the 200-unit Solemar at South Dartmouth. The refinancing of the mixed-income senior citizen community preserves the affordability of the property’s 100 affordable units through 2034.
Baker-Polito Administration Awards $72 Million to Create, Rehabilitate and Preserve Nearly 2,000 Housing Units
Governor Charlie Baker announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects in 17 communities for the creation, rehabilitation, and preservation of 1,970 housing units across the Commonwealth, including 402 units reserved for very low-income families and families making the transition out of homelessness, building on the Baker-Polito Administration’s commitment to increasing the production and preservation of affordable housing for all residents
The Department of Housing and Community Development (DHCD) has identified a limited amount of federal and state Low Income Housing Tax Credit (LIHTC) and state bond funds that could be made available competitively to certain highly ready projects before the end of 2017. Because of the great demand for new, family housing, projects must represent affordable or affordable/mixed-income family housing that meet the definition of production in the 2017 Qualified Allocation Plan (QAP). Also, in order to best leverage state resources, projects must be supported by significant levels of local matching funds.
WinnDevelopment Company, LP has been selected by the Boston Housing Authority to redevelop the first and one of the largest public housing development in New England. Built in the 1930s, Mary Ellen McCormack consists of 1,016 deeply subsidized apartments and row houses. The proposed plan is to rebuild the site into a vibrant mixed-income community with a thoughtful design that embraces the existing residents and connects with the surrounding neighborhood.
United States Senators Elizabeth Warren and Edward J. Markey along with Representatives Jim McGovern, Mike Capuano, and Bill Keating announced today that the Federal Emergency Management Agency (FEMA) has awarded five fire departments in Massachusetts nearly $2.2 million in federal grants.
The Solar Energy Industries Association (SEIA) in comments and oral testimony urged the Massachusetts Department of Energy Resources (DOER) to make several changes to its proposed new solar incentive program to ensure the Commonwealth protects solar jobs. The Solar Massachusetts Renewable Target (SMART) program proposed by DOER would replace one of the state’s central solar policies, and is expected to be implemented next year.