Massachusetts RealEstateRama

Congressman Jim McGovern (MA-02) joined Senators Elizabeth Warren (D-MA) and Edward J. Markey (D-MA) in announcing $1,873,778 in new federal funding for fair housing initiatives in Massachusetts. The funding comes from the Department of Housing and Urban Development (HUD) and includes $300,000 for Community Legal Aid, Inc. in Worcester. The grant is through the Fair Housing Initiatives Program (FHIP) to assist victims of housing discrimination

United States Senators Elizabeth Warren and Edward J. Markey, along with Representatives Richard Neal, Jim McGovern, Michael Capuano, Stephen Lynch, and Bill Keating announced today that the Department of Housing and Urban Development (HUD) has awarded organizations in Massachusetts a total of $1,873,778 in funding through the Fair Housing Initiatives Program (FHIP) to assist victims of housing discrimination.

The Massachusetts Association of Realtors® (MAR) reported today that home sales increased again over August of last year. Inventory decreases and ongoing buyer demand continue to push median prices up, nearing record highs for August. Condominium sales also closed slightly higher with median prices up from 2015

MERSCORP Holdings, Inc. today announced that Judge Mark L. Wolf of the U.S. District Court for the District of Massachusetts adopted and incorporated Magistrate Judge Donald L. Cabell’s Report and Recommendation, which granted summary judgment to defendants and applied the well-settled law of the First Circuit and the Massachusetts Land Court in affirming Mortgage Electronic Registration Systems, Inc.’s (MERS) role in mortgages in the state.

In order to continue to reduce severe residential property blight, enhance public safety, and improve neighborhoods and communities, the Attorney General’s Office will be awarding $500,000 in grants to fund strategic demolition projects across the state, Attorney General Maura Healey announced today

Massachusetts Senators Edward J. Markey and Elizabeth Warren today commended Senate passage of a comprehensive water resources and water infrastructure bill, the Water Resources Development Act (WRDA) of 2016. This bill will help address the adverse effects of climate change, improve the safety of and infrastructure for our nation’s drinking water, and spur economic growth. The legislation included several of the senators’ top priorities for Massachusetts.

At a Senate Committee on Banking, Housing, and Urban Affairs hearing today, United States Senator Elizabeth Warren asked Federal Emergency Management Agency (FEMA) officials about mistakes in federal flood insurance maps and the high cost of appeals shouldered by Massachusetts cities and towns

The Massachusetts Association of Realtors® (MAR) reported today that buyers were not deterred by the hottest August on record in pushing up the number of accepted offers that were made as pending home sales rose again over 24 percent from last year. Condominium pending sales were also up 17 percent as prices for both property types continue to go up. The strong market was reflected in a high Realtor® Market Confidence Index, while Price Confidence was essentially flat

When they walk into Maria Chavez’s Boston Housing Authority (BHA) office, many public housing residents come fatigued by the challenges of poverty, stress, and the uphill battle to improve their situation.

A real estate developer and a former City of Worcester housing official were charged in U.S. District Court in Worcester this week in connection with a $2.3 million fraud scheme relating to the redevelopment of a multi-family property in Worcester.

Senator Edward J. Markey (D-Mass.) and Mayor of Springfield Domenic J. Sarnotoday met at Springfield City Hall to discuss issues impacting the greater Springfield area. The two lawmakers discussed the opioid crisis and efforts in Springfield to expand treatment and provide resources to first responders. Senator Markey and Mayor Sarno also spoke about economic development projects in Springfield, including infrastructure improvement projects, and the importance of federal funding

The Public Building Commission of the Town of Scituate, Massachusetts will issue periodic public updates about the construction progress for the Town Library project. Groundbreaking occurred on September 1, 2015. The project remains on budget. Completion is anticipated for early 2017.

A real estate developer and a former City of Worcester housing official were charged in U.S. District Court in Worcester this week in connection with a $2.3 million fraud scheme relating to the redevelopment of a multi-family property in Worcester.

The president and founder of a Falmouth mortgage company was charged in U.S. District Court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of nearly $3 million.

The Baker-Polito Administration announced awards to fund the development, renovation and preservation of affordable rental housing across the Commonwealth. This award round builds on the Administration’s commitment to expanding affordable housing options for Massachusetts families.