General News Category Archives

Massachusetts Governor Signs FY2019 Supplemental Budget

On December 17, Governor Charlie Baker (R) signed the supplemental budget to close out the $1 billion surplus from Fiscal Year (FY) 2019. The budget includes $2.5 million for a down payment assistance program for first-time homebuyers with low and moderate incomes as well as $2 million for a rental and mortgage arrearage assistance pilot program established under Residential Assistance for Families in Transition.

Virginia Governor Proposes $113 Million for Affordable Housing in 2020-2022 Budget

Governor Ralph Northam (D-VA) announced his proposed budget will include $92 million in new funding to address housing affordability, eviction rates and supportive housing throughout the Commonwealth. The Governor’s proposed budget invests $63 million in the Virginia Housing Trust Fund (VHTF), bringing the total amount to $84 million over three years.

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Economic and Fixed Income Insights, December 17, 2018

The housing market posted strong results this week. On Tuesday, Bloomberg reported that housing starts rose 3.2 percent in November, pulling the annual pace up from 1,323,000 to 1,365,000, a three-month high. In other housing news, building permits unexpectedly rose 1.4 percent in November from 1,461,000 to a 1,482,000-unit pace, a more than twelve-year high.

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Perceptions of Affordable Housing Investment: 2019 Study Key Findings

Kingsley Associates released an executive summary of findings from confidential interviews with 31 large institutional investors and investment advisors on the topic of affordable housing investment. They found three main reasons these investors chose not to invest in affordable housing:

The Federal Government’s “onerous rules and regulations.”
The miseducation (or under-education) of the investment community.
Investing in affordable housing solely to meet a mandate.

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