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July

17

2013

Worcester non-profit turns rundown homes into new rentals

WORCESTER, July 17, 2013 --- Despite the mid-90s heat, a lot of happy people gathered at a playground in the city's Piedmont neighborhood recently to celebrate Worcester Common Ground's revitalization of six rundown properties into 20 affordable rental homes. The happiest of them all was Lisa Stewart.

June

26

2013

SoftSecond's standards, success earns it key fed exemption

New 'Ability-to-Repay' rules will not apply due to program's servicing, history

BOSTON, June 26, 2013 --- The Massachusetts Housing Partnership's SoftSecond Loan Program - which is switching from a two-loan structure to one loan and will be renamed ONE Mortgage - has earned an exemption from new federal mortgage rules, a decision that will help the program appeal to more lenders and ensure that safe, secure, fixed-rate mortgage credit will continue to be available to lower-income homebuyers.

June

14

2013

MHP honors 3 as housing heroes

DEVENS, Ma., June 14, 2013 --- A mayor, a community volunteer and an executive director of a suburban housing authority were honored this week with Housing Hero awards at the Massachusetts Housing Partnership's seventh annual Housing Institute training for local officials and volunteers.

June

11

2013

Gov sets homeownership goal, unveils new ONE program

Calls for 10,000 loans to modest-income families; banks sign on; SoftSecond revamped

BOSTON, June 11, 2013 --- After more than 20 years and 17,000 loans, MHP's SoftSecond Loan Program is taking steps to continue its success by transforming from a two-loan structure to one mortgage, a move that will make it simpler for first-time homebuyers and the financial institutions that offer the program.

May

31

2013

New law may be reason why foreclosures down sharply

Rising prices improve market but processing issues make dip 'somewhat artificial'

BOSTON, May 31, 2013 --- A 2012 law that requires banks to notify borrowers of their rights to pursue a loan modification before foreclosing may be a factor in the precipitous drop in foreclosures in the first quarter of 2013.

May

10

2013

Another milestone for Chelsea's Box District neighborhood

32-unit Highland Terrace opens; 164 of 260 homes done; 96-unit Chelsea Flats begins

CHELSEA, May 10, 2013 --- Every time the new Box District Neighborhood marks another milestone, Chelsea City Manager Jay Ash tells the story about when he was a boy growing up in the city and his mother wouldn't let him play there because of all the trash and rundown factory buildings.