Baker-Polito Administration Approves Economic Development Projects Creating and Retaining 1485 Jobs
The Commonwealth’s Economic Assistance Coordinating Council (EACC) approved 16 projects for participation in the Economic Development Incentive Program (EDIP). These projects are expected to create 606 new jobs and retain 879 jobs throughout Massachusetts, while leveraging approximately $197.8 million in private investment
Governor Baker Grants $5 Million for Regional School Transportation Funding
Governor Charlie Baker announced today a $5 million investment in the Regional School Transportation Reimbursement Fund (RTR Fund) that supports student transportation efforts of 85 regional school systems throughout the Commonwealth. The Baker-Polito administration made the appropriation through a supplemental allotment to the RTR Fund for Fiscal Year 2015.
AG Healey Supports Legislation to Protect Vulnerable Homeowners Through Tax Foreclosure Reform
In an effort to protect vulnerable homeowners in Massachusetts, Attorney General Maura Healey’s Office today sent a letter to the Joint Committee on Revenue in support of legislation to improve the tax foreclosure process
Baker-Polito Administration Opens Fifth Annual Round of MassWorks Infrastructure Awards
Governor Charlie Baker and Lieutenant Governor Karyn Polito announced today the opening of the fifth annual round of the MassWorks Infrastructure Program. The competitive grant program invests in local infrastructure projects that leverage housing production and job creation across the Commonwealth
Senate Releases FY2016 Budget Proposal with Important Investments in Affordable Housing and Homelessness Prevention Programs
The Senate budget funds the Department of Housing and Community Development (DHCD) and other housing and homelessness prevention programs at $432.1 million.
House Releases FY2016 Budget Proposal with Significant Investments in Affordable Housing and Homelessness Prevention Programs
The House budget funds the Department of Housing and Community Development (DHCD) and other housing programs at $442.2 million. The budget includes increased investments in proven programs that help keep families in their homes and prevent homelessness, including
CHELSEA - May 15, 2014 - (RealEstateRama) -- Governor Deval Patrick today joined local officials at the ribbon cutting ceremony of Flats at 44, the first Housing Development Incentive Program (HDIP) project to be completed.
MassHousing Announces $2.2 Million in Loan Closings for the Greenway Apartments in East Boston
BOSTON - June 7, 2013 - (RealEstateRama) -- MassHousing has closed on $2.2 million in loans for the 27-unit Greenway Apartments, a newly constructed affordable housing community in East Boston
Mayor Menino Delivers Annual Address to Boston Municipal Research Bureau
March 25, 2013 - (RealEstateRama) -- In his annual address to the Boston Municipal Research Bureau, Mayor Thomas M. Menino today outlined City progress and goals for education, housing, economic development, youth investment and working women. Citing financial stability as the catalyst for Boston’s incredible pace of growth, the Mayor announced plans to improve quality in all Boston Public Schools; connect students and families with technology in the form of a new “Boston E-Lit” program and increased access to the City’s public libraries; and lay the groundwork for 30,000 new housing units by 2020.
Mayor Menino Announces Expansion in Groundbreaking Homeless Services Program
Boston, MA - March 2, 2011 - (RealEstateRama) -- Mayor Thomas M. Menino today announced new funding that will put the city one step closer to his goal of ending long-term homelessness. With an investment from the Citizens Bank Foundation, the Massachusetts Housing and Shelter Alliance (MHSA) has pledged $50,000 to help expand the Boston Public Health Commission’s High Utilizers of Emergency Services (HUES) to Home program, which provides housing and support services for chronically homeless people who are frequent users of the city’s emergency departments.
Attorney General Coakley Provides Testimony to Securities and Exchange Commission Regarding How to Protect Investors in Mortgage Securitizations
BOSTON, MA - August 5, 2010 - (RealEstateRama) -- Attorney General Martha Coakley today announced that she has provided testimony to the U.S. Securities and Exchange Commission (“SEC”) regarding how to better protect investors relating to the subprime mortgage investment crisis.
Morgan Stanley to Pay $102 Million for Role in Massachusetts Subprime Mortgage Meltdown Under Settlement with AG Coakley’s Office
BOSTON, MA - June 25, 2010 - (RealEstateRama) -- Investment giant Morgan Stanley (Morgan) will pay $102 million to affected Massachusetts homeowners and the Commonwealth following an investigation by the Attorney General’s Office into Morgan’s role in the securitization and financing of Massachusetts subprime loans, Attorney General Martha Coakley announced today.
Mayor Menino Announces Boston’s $18M Homeownership Stabilization Initiative
July 29, 2009 - (RealEstateRama) -- Mayor Thomas M. Menino today announced the City’s new Homeownership Stabilization Campaign, a comprehensive 12-month initiative through which the City has committed to spend as much as $18 million to help Boston’s neighborhoods recoup from the nationwide foreclosure crisis. Joined by state and local housing officials, Mayor Menino described the campaign as having a two-part strategy to help retain and support existing homeowners while adding new buyers to the market through bolstered homeownership programs
Mayor Awards $15.7M in Loans to First Boston Invests in Growth Projects
Says City Will Apply for Additional Federal Funds to Help Move Stalled Development Projects Forward. June 01, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the City has committed to issue the first Boston Invest in Growth loans, enabling important developments to move forward in three Boston neighborhoods, including a new shopping center in Hyde Park; a neighborhood market in South Boston, and a brand new hotel in the City’s Theater District. The three projects represent a $230 million economic investment, and are expected to generate more than 650 new permanent jobs and hundreds more construction jobs in Boston.
Massachusetts Home Sales Experience Biggest April-to-May Increase in Past 10 Years
May home sales still down compared to the same time last year, but experience smallest drop since September 2007 WALTHAM, Mass. – The Massachusetts Association of REALTORS® (MAR) reported today that both single-family home sales and condominium sales experienced their biggest April-to-May percentage increase in the past 10 years.