Key Federal and Massachusetts State COVID-19 Developments - Updated

Foley Hoag LLP
Contact

This memorandum provides a summary of certain key federal and state COVID-19 developments of potential relevance to non-health-related Massachusetts state and local agencies as of noon on April 3, 2020. As legislative and regulatory decisions are being taken rapidly, this memorandum should be taken as current only through that time.

NEW OR UPDATED FEDERAL LEGISLATION AND AGENCY ACTIONS –

• HUD Relief Funding and Forbearance. On April 2, HUD announced its priorities for the use of the $3 billion in federal CDBG funds appropriated by the CARES Act. HUD also announced that it had instructed mortgage servicers to establish six months’ forbearance periods for single family homeowners with FHA-insured mortgages who demonstrate financial hardship due to the national emergency. This supplements HUD’s March 18 announcement of a foreclosure and eviction moratorium for single-family homeowners with FHA-insured mortgages for 60 days...

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Foley Hoag LLP | Attorney Advertising

Written by:

Foley Hoag LLP
Contact
more
less

Foley Hoag LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide