Yearly Archives: 2010


BOSTON, MA - December 24, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of Boston announced that three Massachusetts initiatives will receive more than $6.2 million in grants, loans, and interest-rate subsidies through its Affordable Housing Program. These funds will be used to finance 139 units of affordable rental housing for households earning at or below 80 percent of area median income.

AG Coakley Sues Melrose Realty Trust And Manager For Posting Discriminatory Housing Ad On...

BOSTON, MA - December 23, 2010 - (RealEstateRama) -- A Melrose-based realty trust and its manager violated Massachusetts law by allegedly posting a discriminatory rental advertisement on the popular classified advertising website (“Craigslist”), according to a lawsuit filed by AG Coakley’s Office. The complaint, filed in Suffolk Superior Court against Mt. V.M. Realty Trust (“Mt. V.M.”) and Nicholas Keramaris, alleges that they violated state anti-discrimination, lead paint, and consumer protection laws by placing an advertisement on Craigslist which referred to the lead status of an apartment and refused to rent it to families with young children

MassHousing Announces $2.2 Million Loan Closing for the Acquisition and Preservation of Affordable Housing...

BOSTON, MA - December 22, 2010 - (RealEstateRama) -- MassHousing announced a $2.2 million loan closing today for the acquisition and preservation of affordability of the 125-unit Lincoln Woods in Lincoln.

Mayor Menino’s Solar Permitting Guidelines Approved

December 16, 2010 - (RealEstateRama) -- Today the Boston City Council approved a proposal by Mayor Thomas M. Menino to encourage the use of solar technologies by reducing building permit fees for building owners implementing solar photovoltaic rooftop technologies. The new solar permitting fees are the latest initiative in the mayor’s plan to make Boston one of the greenest cities in America. The City has also developed an online Solar Map and released a comprehensive Solar Permitting Guide that aim to streamline the design and permitting process and motivate property owners to install solar systems.

MassHousing Announces $7.7 Million Loan Closing for the Acquisition, Rehabilitation and Preservation of Affordable...

BOSTON, MA - December 7, 2010 - (RealEstateRama) -- MassHousing announced $7.7 million in loan closings today for the acquisition, rehabilitation and preservation of affordability of the 144-unit Harborview Towers in New Bedford.

MassHousing Receives All Inclusive Award from Color Magazine

BOSTON, MA - December 6, 2010 - (RealEstateRama) -- MassHousing was honored with an All Inclusive Award in the category of Supplier Diversity by Color Magazine for the Agency’s dedication and success in promoting the use of Minority and Women-Owned Business Enterprises (M/WBEs).

Markey Urges Full Funding for Vital Home Energy Assistance Program

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- Representative Edward J. Markey (D-Mass.) today led a letter, cosigned by 62 of his colleagues in the House of Representatives, calling for funding the Low-Income Home Heating Assistance Program (LIHEAP) through September 30, 2011 at least at the FY2010 levels of $5.1 billion – the highest funding level in the history of the program.

City, State Celebrate New Housing and Retail Space Along Blue Hill Ave. Corridor

December 1, 2010 - (RealEstateRama) -- City officials, Governor Deval Patrick, and Nuestra Comunidad Development Corporation today celebrated the continued revitalization of the Blue Hill Avenue corridor at a ribbon cutting ceremony for Nuestra’s $22 million mixed-use development at the former Kasanof Bakery site in Roxbury, dedicated today as the Thomas I. Atkins Apartments.

Mortgage Broker Pleads Guilty, Sentenced in Connection with Operating Elaborate Mortgage Fraud Scheme

BOSTON, MA - November 26, 2010 - (RealEstateRama) -- A local mortgage broker has pled guilty in connection with participating in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in real estate transactions involving 26 distressed properties in the Greater Boston area, Attorney General Martha Coakley’s Office has announced.

Mortgage Broker and Real Estate Investor Plead Guilty, Sentenced in Connection with Operating Elaborate...

BOSTON, MA - November 19, 2010 - (RealEstateRama) -- A real estate investor and a local mortgage broker have pled guilty for their roles in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in real estate transactions involving 26 distressed properties in the Greater Boston area, Attorney General Martha Coakley’s Office has announced.

Oxford Man Pleads Guilty, Sentenced to State Prison in Connection with Orchestrating Complex Mortgage...

WORCESTER, MA - November 17, 2010 - (RealEstateRama) -- An Oxford man has been sentenced to State Prison after pleading guilty in Worcester Superior Court for his role in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in numerous real estate transactions involving distressed properties in the Worcester County area, Attorney General Martha Coakley’s Office announced today.

Number one real estate agent reinforces dedication to clients with new IDX enabled website

EUGENE, OR - November 17, 2010 - (RealEstateRama) -- Boston, Massachusetts homes just became easier to search for online, with the latest partnership between IDX, Inc. and real estate agent Laura Cahill. Massachusetts MLS (MLSPIN) property listings are now conveniently displayed on the website of Cahill, giving her clients access to thousands of detailed property listings, which they can search through. Cahill, the number one real estate agent in Milton, has once again made the right decision for her real estate business and for her clients, by adding a customizable IDX solution to her professional website.

MassHousing Awards $453,037 for Affordable Sober Housing

BOSTON, MA - November 16, 2010 - (RealEstateRama) -- MassHousing has awarded $453,037 in financing to help create or preserve more than 100 units of affordable sober housing in eight communities across Massachusetts.

Mayor Menino Welcomes New Homeowners for Final Phase of Orchard HOPE VI Redevelopment

November 8, 2010 - (RealEstateRama) -- Mayor Menino today welcomed new homeowners to Twenty at Luma, the final phase of the Boston Housing Authority’s Orchard HOPE VI Redevelopment effort. Currently, seven families have moved in and others are due to be moving in during the next few weeks.

Massachusetts Weatherizes More Than 6,900 Homes Through Recovery Act

Washington, D.C. - November 5, 2010 - (RealEstateRama) -- The Department of Energy announced yesterday that as of September 30, 2010, Massachusetts has weatherized more than 6,900 homes with funding from the American Recovery and Reinvestment Act Recovery Act, plus more than 2,800 additional homes with annual funding for the weatherization program. In total, the state has already weatherized more than 9,700 homes since the Recovery Act began. As a result of this progress, the state will now have access to an additional $61 million in Recovery Act weatherization funding to continue providing energy efficiency services to Massachusetts’ low-income families.


AG Healey Secures $2 Million in Restitution for 20,000 Massachusetts Homeowners...

One of the nation’s largest mortgage servicers will pay $2 million in restitution to resolve allegations that it violated state law and committed unfair and deceptive practices by charging Massachusetts homeowners for unnecessary fees and overpriced force-placed insurance policies, Attorney General Maura Healey announced today