skip to main contentskip to popular page linksskip to main navigation links
photo of Mike Capuano Michael E. Capuano representing the 7th district of Massachusetts in the U.S. House of Representatives Go to the House of Representatives homepage
Like Mike on Facebook Visit Mike's video channel on YouTube Like Mike on Facebook


 My Schedule My Voting Record District Maps Register To Vote FAQ Site Map e-Updates

Congressman Capuano's
An update from the office of U.S. Representative Michael E. Capuano
7th Congressional District of Massachusetts

12,456 subscribers

July 22, 2016

DASP Changes

I have long been concerned about the Distressed Asset Stabilization Program (DASP), a Federal Housing Administration (FHA) effort to address the foreclosure crisis by selling off distressed properties in bulk to the highest bidder. Instead of making it a priority to keep families in their homes when possible, hundreds and sometimes thousands of mortgages are packaged and sold primarily to hedge funds and private equity funds with little attention being paid to the outcomes of those sales for the homeowners and communities where these properties are located.

In response to criticism from me, other lawmakers, housing advocates and others, FHA recently announced changes to the DASP program. While I am encouraged that FHA is taking some steps to improve this program, including limiting interest rate increases on future sales and pledging to work more closely with non-profits and local governments, I am concerned that these changes won’t be nearly enough to ensure that the goal of keeping families in their homes and preserving neighborhoods takes priority over the profit-making opportunities of large financial institutions. While I appreciate the FHA’s efforts, I still think more needs to be done to improve the DASP program, including requiring servicers to notify homeowners when their loans are going to be sold.

Last week Department of Housing and Urban Development (HUD) Secretary Castro testified at a Financial Services Committee hearing on “HUD Accountability”. The DASP program was part of that conversation. I informed Secretary Castro that while the incremental changes made to the DASP program may be a move in the right direction, they just don’t go far enough. I pointed out that Republicans on the Committee will not be satisfied with any action HUD takes. At the hearing, Secretary Castro acknowledged that when properties are sold to nonprofits, people are three times more likely to remain in their homes. Since this is the case, HUD should just make the substantive changes needed to really improve the program. You may view our exchange here.

St. Mary’s Center

I met this week with staff from the St. Mary’s Center for Women and Children in Dorchester. This non-profit organization offers a range of programs for low-income women and children. The Center provides shelter for homeless families and assistance with affordable housing placement. Educational services include job training and instructional support for those completing a high school degree. Tailored programming for pregnant teens and new teen mothers is also provided. I met dedicated staffers committed to the young families they are mentoring and toured the facility with them. I enjoyed learning more about the work they are doing and plans they have for the future.

Transportation Update

I meet regularly with local, state and federal officials about transportation. Sometimes we are discussing transportation projects specific to one of the communities I represent. Other discussions involve national policy or regional projects that have a larger overall impact. I met this week with Massachusetts Transportation Secretary Stephanie Pollack. Our focus was the Green Line Extension (GLX). As you know, I am a longtime supporter of this project beginning with my time as Mayor of Somerville. The project has experienced budget challenges and the state recently released an updated plan for the GLX. This requires additional work, including support from the Federal Transit Administration (FTA). I have been checking regularly with the Secretary on this project, to offer my assistance and learn more from her about the progress the state is making with the revised plan.

Congressional App Challenge

My office is participating in the 2016 Congressional App Challenge. All high school students, living or attending school in the 7th Congressional District, are eligible to participate. If you know someone who is eligible and may be interested in participating, please spread the word.

This competition was established to encourage students’ creativity and participation in STEM fields. Students compete with their peers in each participating Congressional district by creating and exhibiting their software application, or “app”, for mobile, tablet, or computer devices on a platform of their choice.

Students may enter as individuals or in teams of up to four, as long as two of the teammates are eligible to participate in the 7th Congressional District. The deadline for submissions, an explanation of the app and an account of what the students have learned, is 12:00 PM on November 2, 2016 EST. For additional details, you may visit


Congressman Mike Capuano
7th District, Massachusetts
Committee on Ethics
Committee on Transportation and Infrastructure
Committee on Financial Services

P.S. I welcome your feedback on our e-Updates. Please let me and my staff know what you think of this service by e-mailing our office.

District Offices:

110 First Street, Cambridge
Roxbury Community College Campus Library, Room 211, Boston
Stetson Hall Room 124, 6 South Main Street, Randolph

District Office Phone:

(617) 621-6208

DC Office:

1414 Longworth Building, Washington, DC 20515

DC Office Phone:

(202) 225-5111

Website and e-mail:

You have received this e-mail because you subscribed to Rep. Capuano's E-Mail Updates authorizing Rep. Capuano to send your inbox periodic e-mail updates from his Congressional office.

UNSUBSCRIBE: if you would like to unsubscribe from this newsletter, you may do so at this address:

PRIVACY POLICY: Your e-mail address will not be shared with anyone else or sold in any way. To read the complete privacy policy, visit:

E-Updates are sent from an unattended mailbox. Please do not reply directly to this e-mail. Instead, if you wish to e-mail us, please go to



Privacy Policy

To protect your privacy, subscriptions to Rep. Capuano's E-Updates are subject to our Privacy Policy.


Bill Search

Search for legislative information.

Tip: enter bill numbers without spaces, i.e. "h.res.26" or "hres26"




News Services

Here are some informative online news services to help you find reports from Boston and the region, as well as national and international news stories.


Home | About | Biography | Contact | Issues | Links | News | Schedules | Services

E-Updates | Site Map | Privacy Policy | Accessibility

110 First Street
Cambridge, MA 02141
P: (617) 621-6208
F: (617) 621-8628

  Constituent Services Click to close menu
  Casework and Assistance
  Immigration Casework
  Grants and Federal Domestic Assistance
  Presidential Greetings
  Washington, D.C. Attractions
  U.S. Service Academy Nominations
  Media Center Click to close menu
  Press Items
  Recent Votes
  Video and Audio
  Legislative Work Click to close menu
  Recent Votes
  Voting Record
  Sponsored Legislation
  Earmark Requests
  Committees and Caucuses
  Ethics Task Force
  Schedules Click to close menu
  My Schedule
  House Floor Summary
  Weekly House Schedule
  Annual House Calendar
  Weekly Senate Schedule
  Our District Click to close menu
  The 7th District Over the Years
  Nobel Prize Winners
  Interesting facts about Massachusetts
  Massachusetts Links
  Links Click to close menu
  Massachusetts Links
    State Government
    About the 7th District
    Arts, Culture and Attractions
    Chambers of Commerce
    Colleges and Universities
    Exploring Massachusetts
    Hospitals and Health Organizations

  Federal Government Links - Official Government Portal
    Legislative Branch
    Executive Branch
    Judicial Branch
    Federal Agencies
    Kids' Pages
    Register to Vote
    Washington, D.C. Attractions
    Business Opportunities with the Government
  Contact Click to close menu
  District Office
  Washington, D.C. Office
  Office Hours Program
  Community Meetings
  E-mail Me