Massachusetts has one of the highest housing markets in the country. At the same time, homeowners who financed with adjustable rates are facing interest hike shock.
We need strong legislation to protect consumers from predatory lenders and afford more time for repayment for those who are facing foreclosure.
As a member of a local planning board, I understand that we need to make our affordable housing programs and regulations specific to the geography and economic needs of our district. For example, in an exurban area such as ours, we should be given 100% credit toward meeting state mandates for every affordable rental unit built in our communities. |
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