Yearly Archives: 2014

BOSTON - August 19, 2014 - (RealEstateRama) -- An abandoned factory building in Worcester will be converted into 94 new affordable apartments as a result of $17 million in MassHousing loans.

BOSTON - August 18, 2014 - (RealEstateRama) -- Housing and Economic Development Secretary Greg Bialecki today announced the start of the application process for state tax credits for developers with qualifying proposals for larger market rate housing projects in Gateway cities. The Massachusetts Department of Housing and Community Development (DHCD) will grant waivers to otherwise qualifying projects that exceed the current regulatory limit of 50 market rate units per project under the Housing Development Incentive Program (HDIP)

BOSTON - August 1, 2014 - (RealEstateRama) -- Mayor Martin J. Walsh announced that the Ferdinand Building will be renamed the Bruce C. Bolling Municipal Building. Bolling was a staunch supporter of equal access to jobs and housing as a City Councilor and fought to bring economic development and investment to Roxbury. The naming will be official following a vote by the Public Facilities Commission, which may take place as early as August 6

WASHINGTON, DC - July 23, 2014 - (RealEstateRama) -- Third District communities Gardner and Methuen will receive $900,000 and $417,295, respectively, in federal Community Development Block Grants (CDBG) to support housing rehabilitation, public service projects and local infrastructure.

SPRINGFIELD - July 9, 2014 - (RealEstateRama) -- Governor Deval Patrick today announced $83.6 million in funding to create 24 affordable housing projects across the state, building on the Patrick Administration’s commitment to improving housing infrastructure to support growth and opportunity throughout the Commonwealth. In all, the projects will create 1,328 units of housing and over 2,000 jobs.

BOSTON - June 23, 2014 - (RealEstateRama) -- Mayor Martin J. Walsh, along with Department of Housing and Urban Development (HUD) Deputy Regional Administrator Kristine Foye and Boston’s Department of Neighborhood Development Director Sheila Dillon, announced that the City of Boston has received an additional $1.2 million to provide permanent and transitional housing for 60 formerly homeless individuals and families. The new award is part of HUD’s Continuum of Care program, which awarded $140 million in grants yesterday to nearly 900 homeless assistance programs across the country.

Washington, DC - June 23, 2014 - (RealEstateRama) -- Congressman Joe Kennedy (MA-4) and Congressman Bill Keating (MA-9) today announced that Fall River will receive $3,600,739 in federal grants from the U.S Department of Housing and Urban Development (HUD). The grants will be provided through the Community Development Block Grant (CDBG), Emergency Shelter Grants (ESG), and HOME programs

BOSTON - June 23, 2014 - (RealEstateRama) -- The former Executive Director of the Chelsea Housing Authority (CHA) was sentenced in federal court today for his role in rigging the inspection process for federally-funded housing units.

BOSTON - June 18, 2014 - (RealEstateRama) -- A $550 million nationwide federal-state settlement with mortgage lender and servicer SunTrust Mortgage Inc. over mortgage origination, servicing, and foreclosure abuses will provide direct payments to eligible Massachusetts borrowers for past foreclosure abuses, along with loan modifications and other relief for borrowers in need of assistance, Attorney General Martha Coakley announced today.

Springfield, MA - June 18, 2014 - (RealEstateRama) -- Mayor Domenic J. Sarno will be on hand to showcase a home completely restored by Springfield high school students as an outcome of collaboration between the City of Springfield and Roger L. Putnam Vocational Technical Academy. Several classes of students worked hands on to rehabilitate a vacant, dilapidated property that was foreclosed for the non-payment of taxes by the City of Springfield. The opportunity has provided students a unique, hands-on, educational experience.

BOSTON - June 16, 2014 - (RealEstateRama) -- After arguing that the FAIR Plan’s proposed home insurance rate increases for more than 150,000 Massachusetts families were excessive, Attorney General Martha Coakley announced that the Division of Insurance (DOI) rejected the rate request in a decision issued today. The decision saves homeowners from having to pay an additional $16 million in policy premiums

BOSTON - May 22, 2014 - (RealEstateRama) -- MassHousing has awarded $200,000 to support affordable sober housing programs for men in Fitchburg and veterans and their families in Quincy. The MassHousing grants will come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that supports non-profits that create or preserve affordable sober housing in Massachusetts for recovering substance abusers.

BOSTON - May 22, 2014 - (RealEstateRama) -- Residents of the 64-unit Middlebury Arms apartment community in Middleborough will see major renovations to the property as a result of $9.2 million in MassHousing financing.

BOSTON - May 16, 2014 - (RealEstateRama) -- Saying in a letter file size 2MB today that the use of buyback programs and principal reductions are “key to helping homeowners recover from this foreclosure crisis,” Attorney General Martha Coakley urged the new director of the Federal Housing Finance Agency (FHFA) to use buybacks or face legal action

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.