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Village Mortgage is a MassHousing Approved Lender

BOSTON - February 18, 2014 - (RealEstateRama) -- MassHousing announced today that Village Mortgage is now an approved lender of MassHousing’s family of affordable, fixed-rate, home loan products for low- and moderate-income homebuyers.

Dedham Savings Enhances Website to Generate MassHousing Loans

BOSTON - February 13, 2014 - (RealEstateRama) -- Dedham Savings has enhanced its website to include more information for consumers who are interested in MassHousing's family of quality, fixed-rate home mortgage products for low and moderate-income homebuyers.

Heating Contractor Pleads Guilty, Sentenced for Illegally Removing Asbestos From Medway Rental Property

DEDHAM - February 10, 2014 - (RealEstateRama) -- A Plainville-based heating contractor has pleaded guilty and been sentenced to jail in connection with the improper removal of asbestos in a single-family rental property in Medway and for witness intimidation, Attorney General Martha Coakley announced today.

MassHousing Closes $8.9 Million in Loans for the Renovation and Preservation of Affordability at...

BOSTON - February 10, 2014 - (RealEstateRama) -- MassHousing announced today that it has closed $8.9 million in financing for the renovation and preservation of affordability at the 101-unit Central Annex Apartments for elderly and disabled residents in Pittsfield.

Real Estate Developer Sued for Taking Advantage of Sharon Homebuyers

BOSTON - February 4, 2014 - (RealEstateRama) -- A real estate developer has been sued for allegedly taking more than $200,000 in advance payments for new, single-family homes in Sharon that were never provided, and refusing to return the deposits, Attorney General Martha Coakley announced today.

MassHousing Closes $2.3 Million Loan for the Acquisition and Redevelopment of the Counting House...

BOSTON - February 4, 2014 - (RealEstateRama) -- MassHousing announced today that it has closed a $2.3 million permanent loan for the acquisition and redevelopment of the 52-unit Counting House Lofts in Lowell Counting House Lofts is being developed by WinnDevelopment of Boston.

Massachusetts REALTORS® Praise Senate Passage of Bill to Delay Flood Insurance Rate Hikes

WALTHAM, Mass. - February 4, 2014 - (RealEstateRama) -- Massachusetts REALTORS® applauded U.S. Senate passage today of the Homeowner Flood Insurance Affordability Act, S. 1926. In a 67-32 bi-partisan vote, the bill would require a four year delay in implementation of costly flood insurance rate increases resulting from the 2012 Biggert-Waters Act.

Real Estate Developer Repays More Than $525,000 to Homebuyers Over Allegations of Unreturned Deposits

BOSTON - February 4, 2014 - (RealEstateRama) -- A real estate developer who allegedly took thousands of dollars in advance payments for new, single-family homes that were never delivered, has repaid more than $525,000 to affected homebuyers, and has been permanently required to protect any future consumer deposits, Attorney General Martha Coakley announced today

MassHousing and Department of Housing and Community Development Announce Loan Closings on $14.5 Million...

BOSTON - February 3, 2014 - (RealEstateRama) -- MassHousing and the state Department of Housing and Community Development (DHCD) announced $14.5 million in Affordable Housing Trust Fund (AHTF) loan closings today for affordable housing communities in Boston, Brockton, Cambridge, Chelmsford, Easthampton, Marion, Revere, Springfield, Westford and Winthrop

Mayor Walsh Releases Results of 2013 Homeless Census

WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- Mayor Martin J. Walsh visited a city-run shelter at Long Island today to meet guests and staff, to learn more about programs, and to release the findings of Boston’s 34thAnnual Homeless Census. Conducted six weeks ago by city officials, community leaders, and more than 350 volunteers, this year’s results show a 3.8% increase in the number of homeless men, women, and children in the City of Boston. The point-in-time count found 7,255 homeless persons, compared to 6,992 the previous year

Owner of Danvers Property to Pay $387,500 for Failing to Address Hazardous Waste Contamination

BOSTON - January 31, 2014 - (RealEstateRama) -- The owner of a highly contaminated property along the Crane River in Danvers has agreed to pay $387,500 over allegations that he failed to clean up soils and sediments at the site, which contain high levels of arsenic and dioxin, Attorney General Martha Coakley announced today

MassHousing Announces Loan Closing of $7.1 Million to Preserve Affordable Housing for Senior Citizens...

BOSTON - January 27, 2014 - (RealEstateRama) -- MassHousing announced a loan closing today of $7.1 million to preserve affordability for senior citizens at the 125-unit Tecumseh Mill in Fall River. As a condition of the MassHousing financing, Tecumseh Holdings LLC, the property owner, will extended the HUD Section 8 Housing Assistance Payment (HAP) contract and the affordability on 124 apartments for 20 years when the current HAP contract expires March 1. One of the building's apartments is occupied by a resident superintendent.

MassHousing Closes $33 Million in Financing for the Acquisition and Rehabilitation of the Historic...

BOSTON - January 24, 2014 - (RealEstateRama) -- MassHousing announced today that it has closed $33 million in loans for the acquisition and renovation of the 146-unit Historic South End Apartments in Boston.

Massachusetts Pending Home Sales up 11 Percent in December to Close out the Year

WALTHAM, Mass. - January 14, 2013 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that pending home sales for both single-family homes and condominiums went up again in December compared to the year before. For the entire year, the number of single-family homes put under agreement in 2013 was up 11.3 percent over 2012. Pending sales figures (also called homes under agreement) are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.

Housing Providers Resolve Alleged Lead Paint Violations and Discrimination Against Families with Children

WASHINGTON, D.C. - January 10, 2013 - (RealEstateRama) -- Boston-area housing providers have agreed to pay $12,500, attend fair housing training, and implement new policies to avoid future fair housing violations to resolve allegations of discrimination against families with children as well as violations of the lead paint laws, Attorney General Coakley announced today.

Recent

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