Housing Headlines

TAUNTON --- A hard-working mother has become a homeowner thanks to an initiative begun by ProHome, a non-profit Taunton-based affordable housing organization that purchased and fixed the three-bedroom home, placed an affordable deed restriction on it, and sold it to her for under $200,000. The sale proceeds will go towards construction of another affordable home next door.

SHREWSBURY --- Town leaders have taken a proactive approach to affordable housing by creating a competitive bid process among potential developers, which will give the town greater control over the size and location of any proposed 40B effort.

NATICK --- The town is looking to hire a consultant to market two condos that have been reserved for households earning less than 80 percent of the median income. The condos were built as a result of a housing overlay district meant to increase affordable housing in Natick.

WILMINGTON --- As the town quickly approaches the state's required affordable housing minimum, the planning director looks ahead to plans for future affordable efforts in an attempt to keep their housing stock up-to-date with the state's standards.

AMESBURY --- After the town had rejected a developer's 40B proposal, the state overrode the decision because the town has not reached the state's minimum requirement for affordable housing. Now, the town has appealed the decision and seeks to negotiate with the developer to reduce the size of the effort.

BOSTON --- California-based Freemont Investment & Loan is tied to more than 120 of the roughly 1,100 foreclosure filings by lenders against Boston condo and home owners, according to John Anderson, a Dorchester foreclosure guru and head of The Real Estate Analyst, a business that tracks foreclosure filings.