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Massachusetts RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Massachusetts Real Estate publishing community.

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CRL on Harvard Report: Inequality in Housing Harms Economic Growth

Harvard University’s Joint Center for Housing Studies (JCHS) released its annual report, The State of the Nation’s Housing 2018. Published annually since 1988, this year’s report again identifies trends and changes in housing. Key to this year’s findings are:

April Housing Stats for DC and Montgomery County

GCAAR is pleased to update its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Monthly analysis of the Washington, DC and Montgomery County, MD housing markets gets more detailed attention here, while GCAAR continues to be your source for ear-to-the-ground reporting from our REALTOR® members. Get monthly housing stats

Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son...

U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before U.S. District Judge Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, Cowart’s son and daughter in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of government funds which carries a maximum penalty of one year in prison and a $100,000 fine.

Dorchester Affordable Housing Community will be Renovated and Have Affordability Extended as a Result...

BOSTON - February 6, 2015 - (RealEstateRama) -- Low-income residents living in the 57-unit Nor-al Apartments in Dorchester will see significant property improvements and the extension of affordability for at least 20 years as a result of $8.3 million in MassHousing financing.

Mayor Walsh Signs Home Rule Petition to Provide Tax Relief for Boston’s Long-Term Homeowners

Boston - February 4, 2015 - (RealEstateRama) -- Mayor Martin J. Walsh today announced that he signed onto the Long-Term Homeowners Tax Deferral Home Rule Petition, proposed by Councilors Bill Linehan and Stephen J. Murphy. This effort will give qualifying homeowners the option to defer their property taxes to be paid with interest at a later date.

Mayor Walsh Reminds Boston Residents of Freezing Temperatures; Coordinates Outreach Efforts to Homeless

BOSTON - February 2, 2015 - (RealEstateRama) -- With forecasters predicting heavy snowfall today and subzero temperatures tonight into early Tuesdaymorning, Mayor Martin J. Walsh and public health officials are reminding residents to take precautions due to the extreme cold. Residents are encouraged to remain vigilant and help the City’s vulnerable populations during this dangerous cold snap, particularly homeless and elderly residents. In such cold conditions, health officials stress that all precautions must be taken to stay warm, as hypothermia or frostbite set in quickly in freezing temperatures.

You can vote now for 3 Mass. finalists in HUD competition

BOSTON, - February 2, 2015 - (RealEstateRama) -- Three innovations from Massachusetts are among 26 finalists in the U.S. Department of Housing and Urban Development’s (HUD) Innovation of the Day initiative.

Affordable Rents Will Stay in Place at Four Affordable Housing Communities in Rockland, Southbridge,...

BOSTON - January 23, 2015 - (RealEstateRama) -- MassHousing has closed approximately $15 million in loans for four affordable rental housing communities with 1,695 apartments in Rockland, Southbridge, Ware and Worcester

Elderly Residents at Quincy Point Apartments to See Major Property Improvements and the Extension...

BOSTON - January 23, 2015 - (RealEstateRama) -- Senior citizens living in the 640-unit Quincy Point Apartments in Quincy will see significant property improvements and the extension of affordability there for at least 30 years as a result of $66 million in MassHousing financing

Four National Banks to Pay $2.7 Million to Massachusetts Over Unlawful Foreclosures

BOSTON - January 20, 2015 - (RealEstateRama) -- Four national banks agreed to pay a total of $2.7 million and undertake obligations to facilitate the repair of defective property titles, resolving claims that they unlawfully foreclosed on properties in Massachusetts when they did not hold the mortgages, Attorney General Martha Coakley announced today

Easton Man Pleads Guilty, Sentenced to Jail in Connection with Stealing More Than $100,000...

FALL RIVER - December 31, 2014 - (RealEstateRama) -- An Easton man has pleaded guilty and been sentenced to jail in connection with stealing $112,000 from customers in a “Rent to Own” advance-fee scheme, Attorney General Martha Coakley’s Office announced today.  He was also ordered to make full restitution to his victims

Mayor Walsh Signs Ordinance Extending Tenant Protections

BOSTON - December 23, 2014 - (RealEstateRama) -- Delivering on a commitment of the Walsh Administration’s housing plan, Mayor Martin J. Walsh announced today that he has signed an ordinance, offered in the City Council by Councilor Josh Zakim, which doubles the amount of compensation offered to tenants when their units become converted into condominiums

Patrick Administration Announces New Funding To Create Over 235 Units Of Supportive Housing

BOSTON - December 23, 2014 - (RealEstateRama) -- Friday, December 19, 2014 –Department of Housing and Community Development Undersecretary Aaron Gornstein today announced more than $15 million in funding to create over 235 new units of supportive housing for veterans, homeless and very low income households across the Commonwealth. With these new units, the Patrick Administration has funded a total of 3,065 supportive housing units, tripling the amount of Governor Deval Patrick’s goal a year early.

Roxbury Innovation Center Operator Selected

BOSTON - December 22, 2014 - (RealEstateRama) -- Today Mayor Martin J. Walsh announced the City of Boston has selected The Venture Café Foundation to operate the Roxbury Innovation Center in the new Bruce C. Bolling Municipal Building in Dudley Square. The approximately 3,000-square-foot Center will be located in the new headquarters of the Boston Public Schools (BPS), and aims to encourage collaboration, bold thinking, and new business development.

Mayor Walsh Announces Details and Members of Task Force on Individual Homelessness

WASHINGTON, D.C. - December 18, 2014 - (RealEstateRama) -- On Thanksgiving, Mayor Martin J. Walsh announced the formation of the Mayor's Task Force on Individual Homelessness, a group charged with examining Boston’s current shelter system and available support services, and outlining a strategy that will put homeless individuals on a path to permanent housing. Today, Mayor Walsh shared the details of this task force, as well as a list of participating members

Undersecretary Gornstein Chairs Last Meeting of the Interagency Council on Housing and Homelessness

BOSTON - December 17, 2014 - (RealEstateRama) -- Tuesday, December 16, 2014 - Marking the Patrick Administration’s commitment to reducing homelessness in the Commonwealth, Department of Housing and Community Development Undersecretary Aaron Gornstein today presided over a meeting of the Interagency Council on Housing and Homelessness (ICHH).The ICHH has met monthly since 2008, and today’s session marks the final under Governor Deval Patrick’s leadership.

Dorchester, Mass. Landlords Will Remove Lead Hazards from Residential Properties under EPA Settlement

BOSTON - December 16, 2014 - (RealEstateRama) -- Two Boston-area landlords will perform health-protective improvements on five Dorchester, Mass. properties to settle EPA claims that they failed to follow federal lead paint disclosure laws.

MassHousing and Department of Housing and Community Development Announce Loan Closings of $22 Million...

BOSTON - December 11, 2014 - (RealEstateRama) -- MassHousing and the state Department of Housing and Community Development (DHCD) announced $22 million in Affordable Housing Trust Fund (AHTF) loan closings today for affordable housing in 16 communities.

MASSACHUSETTS LAUNCHES PAY FOR SUCCESS INITIATIVE TO REDUCE CHRONIC INDIVIDUAL HOMELESSNESS

FRAMINGHAM - December 10, 2014 - (RealEstateRama) -- Governor Deval Patrick today announced the launch of a Massachusetts Pay for Success (PFS) initiative that will leverage philanthropic and private capital investments to reduce chronic individual homelessness, creating a new model of sustainable state support for chronically homeless individuals. The initiative will provide 500 units of stable supportive housing for up to 800 chronically homeless individuals over 6 years, improving the well-being of individuals while saving taxpayer dollars by reducing the utilization of costly emergency resources like shelter and Medicaid payments

PCCP, LLC Provides $98 Million Loan to Northland Investment Corporation to Finance Construction of...

New York, NY, - May 27, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $98 million loan to finance the construction of a 269-unit Class A multifamily property that also includes 27,595 square feet of ground floor retail space. The project is located at a prime intersection at Moody Street and Main Street in the heart of Waltham, Massachusetts, a thriving city nine miles west of Boston. The owner/developer is Northland Investment Corporation

Business Real Estate Press Releases

7-Eleven Property

The Boulder Group Arranges Sale of Net Lease 7-Eleven Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased 7-Eleven property located at 270 Broad Street in Providence, Rhode Island for $3,276,496.

Recent Gov & Nonprofit Real Estate Press Releases

7-Eleven Property

The Boulder Group Arranges Sale of Net Lease 7-Eleven Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased 7-Eleven property located at 270 Broad Street in Providence, Rhode Island for $3,276,496.