Opportunities for Residents
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First-time homebuyers can optain a short term loan of up to $8,000 in advance of receiving a federal tax credit. This loan can be combined with cash to qualify for a mortgage.
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The Home Affordable Refinance Program gives up to 4 to 5 million homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments.
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Lists available state job opportunities that are funded by money distributed to Massachusetts through the American Recovery and Reinvestment Act of 2009 (ARRA).
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Provides federal subsidy of 65 percent of monthly COBRA premiums for up to nine months. UI claimants eligible for the Medical Security Program and the new federal COBRA premium assistance benefit will see a reduction in their COBRA premiums.
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Over $24 million of Recovery funds will support statewide and local employment and training activities and summer jobs for low income youth individuals with barriers to employment.
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The IRS website summarizes key provisions of the American Recovery and Reinvestment Act as they relate directly to Businesses and Individuals.
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Recovery funds provided through the Workforce Investment Act will support statewide and local employment and training activities for low income adult individuals with barriers to employment.
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This legislation helps the Commonwealth maximize its eligibility for federal recovery funding.
