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Boston suburb works to comply with new state multifamily construction law

Housing Wire

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. However, the debate in Newton could be more contentious than in other parts of the state, according to the Globe.

Law 370
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Massachusetts budget features programs to support seniors, aging in place

Housing Wire

Signed into law on July 29, the budget features support for several aging-specific programs advocated for by AARP. We’re also tackling our biggest challenges by lowering household costs and improving transportation. Maura Healey (D) has signed a $57.8 This is according to announcements by Healy’s office and AARP.

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US Senate committee approves full funding for Ginnie Mae

Housing Wire

Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. Patty Murray (D-Wash.), the chair of the committee.

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Boston suburb’s housing battle with state echoes national issues

Housing Wire

As part of the broader community operating within the service area of the Massachusetts Bay Transportation Authority (MBTA), the affluent Boston suburb of Milton — with a population of roughly 29,000 people — was directed to comply with a new state law requiring the construction of new multifamily housing units in areas served by public transit.

Law 435
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A Closer Look at Fair Housing Complaint Metrics

Appraisal Buzz

“The continued increase in reports of housing discrimination means lawmakers are simply not doing enough to provide adequate resources for the organizations serving on the frontlines educating the public about fair housing laws and helping individuals and families when crucial civil rights laws are broken,” said Lisa Rice, NFHA’s President and CEO.

Law 369
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New Jersey bill seeks to require face-to-face counseling for reverse mortgages

Housing Wire

In-person hurdles An in-person counseling requirement remains law in Massachusetts, which contributed to the halting of reverse mortgage business throughout the state at the onset of the COVID-19 pandemic due to stay-at-home orders handed down by then-Gov. “Not just those who support my bill but also those that oppose it.

Mortgage 468
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This Northeastern State Tops 2024 List of Best States to Live In

Appraisal Buzz

Finally, Massachusetts has the third-lowest property crime rate in the country and has the third-best access to public transportation. It has the ninth-most law enforcement employees per capita, which has contributed to the 13th-lowest violent crime rate and the 15th-lowest property crime rate.