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Finance
Posted: March 11, 2009
MassHousing approves $50,000 funding for Steppingstone, Inc.
MassHousing has approved $50,000 in funding for the renovation and preservation of affordable sober housing for women. The MassHousing funding will also leverage a matching $50,000 grant from a private foundation.
The MassHousing grant for Steppingstone, Inc., will come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that creates and preserves affordable sober housing in Mass. for recovering substance abusers.
The CCRI funding will help fund renovations for Steppingstone, including upgrades to an electrical system and the replacement of flooring and a ramp for the disabled.
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Finance
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Columns and Thought Leadership
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The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
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Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
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Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
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