DORCHESTER – Monday, June 10, 2013 – Governor Deval Patrick today kicked-off Commonwealth Housing Week by announcing a new compact that creates a goal of providing 10,000 mortgage loans to first-time homebuyers over the next five years. The Home Ownership Compact includes a commitment among lenders to originate a specific number of mortgage loans to first-time home buyers with household incomes below the area median income through the MassHousing and the Massachusetts Housing Partnership programs.
“By giving more young people and families the opportunity to own a home, we retain our talent pool and create sustainable long term economic growth,” said Governor Patrick.
The Massachusetts Homeownership Compact will help accelerate economic recovery and neighborhood stabilization initiatives in the Commonwealth and retain and attract a competitive workforce.
"We couldn’t have purchased our home without Massachusetts Affordable Housing Alliance’s first-time homebuyer program, support from our family, a great mortgage product and a wonderful loan officer," said Rashida Constantine, a Dorchester homeowner and MAHA member. "It was an empowering experience that sets an important example for our kids."
On Tuesday, the Supreme Court struck down a key provision in the Voting Rights Act that requires federal oversight of certain states and localities that have a history of racial discrimination in voter registration practices and access to voting.
The justices voted 5-4 to strike down Section 4 of the Act which determined which areas needed federal approval before they could change their voting laws.
Chief Justice John Roberts, writing for the majority, argued that the data used to determine which areas required federal oversight was 40 years old, and that recent voter registration rates and voter turnout among African Americans in these districts no longer justified federal intrusion.
Supporters of the Voting Rights Act countered that the law was critical in forcing these areas to improve, and that threats to minority voting rights are now gaining steam in many states.
A recent New York Times article explains more about the ruling and its impact.
MAHAMassachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email: email@example.com
By phone: 617-822-9100
By fax: 617-265-7503