Fannie Mae and Freddie Mac, which are under the conservatorship of the Federal Housing Finance Agency (FHFA) has developed a secret blacklist of condominiums, HOA’s and co-op’s which are ineligible for “conventional financing,” i.e. loans that can be sold on the secondary market. It will be difficult for owners in these blacklisted condominiums to either sell or refinance their units.
Boston, MA It’s been a busy fall for IFMA Boston and before we head into the second half of our program year, let’s look back at where we’ve been. We started the year in August with a member only pop-up at Not Your Average Joe’s in Waltham where our members networked while enjoying cocktails and small bites.
Boston, MA The Collaborative Companies and Cronin Development are bringing a new opportunity to owners for the city’s first-ever St. Regis branded luxury residences. The five-star St. Regis Residences, at 150 Seaport Blvd., that features 114 luxury waterfront condos with world-class amenities and harbor views
Holbrook, MA NEI General Contracting, an award-winning general contracting firm, celebrated the completion of the Maple on Franklin senior housing community at a ribbon cutting on Thursday, October 12
th. Developed by NeighborWorks Housing Solutions,
Portsmouth, NH SGA, Tighe & Bond, and Two International Group have collaborated closely with the city’s historic district commission, planning board, and other municipal representatives to master plan a development on Russell St. that is cohesive with the surrounding built and social environment.
Marlborough, MA Universal Window and Door provided historic replica windows for three projects that were honored with 2023 Preservation Awards by Preservation Massachusetts. Held at the Great Hall of the Massachusetts State House on October 11
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Rockport, MA Groom Construction, Co., Inc., a premiere general contracting firm, Harborlight Homes, an innovative and award-winning nonprofit affordable housing provider and developer, and SV Design, an award winning architectural and interior design firm, completed the construction of Granite Street Crossing – 23 affordable homes (17 senior homes and six family townhomes).
strong>Boston, MA The secretary of housing for Mass., Edward Augustus, joined Oxbow Urban LLC, DVM Housing Partners (formerly DVM Consulting), local elected officials, and area residents for the grand opening of Saige on Fountain. The $21.9 million, transit-oriented homeownership development has created 40 new mixed-income affordable homes
strong>Somerville, MA Mayor Katjana Ballantyne and US2, the developers of the 20-acre USQ project, celebrated the opening of Union Square Station Plaza. Station Plaza is a central design element within USQ and is the first of 12 new public spaces within the USQ master plan.
Boston, MA Advanced Property Management (APM) has been awarded a Workforce Training Fund Program (WTFP) grant from the Commonwealth of Massachusetts to provide employee training and help to address the current worker shortage. WTFP is a program of the Executive Office of Labor and Workforce Development
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