RealEstateRama Laws & Taxes
WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Congressman Richard E. Neal released the following statement today after the House of Representatives voted to stimulate the local economy by extending unemployment benefits and the first-time homebuyer tax credit. Additional tax relief will be targeted to military families and businesses. The House passed H.R. 3549, the Worker, Homeownership and Business Assistance Act of 2009, by a vote of 403-12.
U.S. Treasury’s tax credit exchange funds to restart 10 projects, create jobs. BOSTON, MA - October 15, 2009 - (RealEstateRama) -- As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced that the state will utilize $50.3 million in federal recovery funds to create hundreds of jobs and revive affordable housing developments stalled throughout the Commonwealth due to the lack of equity available in low-income housing tax credit markets.Ten projects in Amherst, Charlton, Chelmsford, Lunenburg, Plymouth, Wareham, Watertown, West Boylston, Westfield and Worcester will receive American Recovery and Reinvestment Act (ARRA) funds to fill the financing gaps created in projects where tax credits could not leverage the equity needed to support construction costs.
MassHousing Announces Mortgage Financial, Inc. as Approved Lender for First-Time Homebuyer Tax Credit Loan
First-time homebuyers could borrow up to $8,000 in advance of federal tax credit. BOSTON, MA - August 19, 2009 - (RealEstateRama) -- MassHousing announced today that Mortgage Financial, Inc., based in Tewksbury, is an approved lender of MassHousing’s First-Time Homebuyer Tax Credit Loan that will allow first-time homebuyers to borrow up to $8,000 in advance of their federal tax credit for homes purchased with a MassHousing loan before November 30, 2009
SPRINGFIELD, MA - July 29, 2009 - (RealEstateRama) -- Tuesday, July 28, 2009 – As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced the initial group of approved lenders for the MassHousing First-Time Homebuyer Tax Credit Loan Program. The program, unveiled in Boston earlier this month, will allow first-time homebuyers to borrow up to $8,000 in advance of their federal tax credit for homes purchased with a MassHousing loan before December 1, 2009.“It’s a great time to buy,’’ said Governor Patrick. “And we now have a network of lenders in place to help homebuyers put their federal tax credit to work now to buy their first home
July 15, 2009 - (RealEstateRama) — At a press conference yesterday at the State House, MAR President Gary Rogers joined Governor Patrick, Lt. Governor Murray and MassHousing Chairman Dirrane announce Masshousing’s new loan program that allows first-time home buyers to “monetize” the $8,000 Federal homebuyer tax credit for downpayments and closing costs.
Congratulates Sandra Henriquez on new appointment with HUD and thanks her for her leadership in Boston. Boston, MA - June 11, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the appointment of Bill McGonagle as interim Administrator of the Boston Housing Authority. The move comes upon the departure of current Administrator Sandra Henriquez, who is taking a position with the US Department of Housing and Urban Development as Assistant Secretary of Public and Indian Housing.
Boston, MA - June 11, 2009 - (RealEstateRama) — Lawyers Clearinghouse on Affordable Housing and Homelessness honored Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. and the firm's program coordinators, attorneys Colin Van Dyke and Jehanne Bjornebye, for their dedication to the Massachusetts Legal Clinic for the Homeless. The firm was recognized at the organization's 21st Annual Meeting on June 9 at the offices of Nixon Peabody
March 12, 2009 - (RealEstateRama) — If you have not taken a Massachusetts specific Fair Housing course then you do not understand how fair housing laws apply in the Commonwealth. While federal fair housing laws establish minimum standards, states are empowered to expand upon those standards.
BOSTON , Oct. 21 /PRNewswire/ -- Chicago-based property tax consulting firm Advantax(R) is offering visitors to its booth at the Boston Convention & Exhibition...
West Roxbury -Looking to help out elderly residents saddled with rising property taxes, the city will offer tax abatements in exchange for volunteerism. The crux...