Archive for November, 2009

Gov Patrick Highlights – Expiring Use – Rental Housing Law, Announces $150m Fund to Preserve Long-Term Affordable Housing

New law, leveraging of public/private funds protects tenants. BOSTON, MA – November 30, 2009 – (RealEstateRama) — Standing with housing and community leaders, Governor Deval Patrick today highlighted a law he signed last week to keep publicly-assisted rental properties affordable and announced the roll-out of a $150 million loan fund leveraged primarily through private dollars to support and secure long-term affordable housing preservation efforts.

Read the full article: Gov Patrick Highlights – Expiring Use – Rental Housing Law, Announces $150m Fund to Preserve Long-Term Affordable Housing ...

Apartment Complex Owner Pays Fine for Failing to Warn Tenants about Lead Paint in Springfield, Mass.

Boston, MA – November 30, 2009 – (RealEstateRama) — The owner of a 25-unit apartment building in Springfield, Mass. has agreed to pay a fine of $10,000 to settle an EPA enforcement action alleging violations of federal lead-based paint disclosure requirements.

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Rep. Melancon Comments on New Report Linking Chinese Drywall to Corrosion in Homes

Sends Letter to Federal Agency Urging Quick Action on Establishing Repair Guidelines for Homes. WASHINGTON, D.C. – November 30, 2009 – (RealEstateRama) — U.S. Congressman Charlie Melancon (LA-03) commented today on a new report from a federal agency finding a strong association between defective Chinese drywall and corrosion of pipes and electrical wiring in homes. The report from the U.S. Consumer Product Safety Commission also found a possible link between the drywall and health problems reported by homeowners

Read the full article: Rep. Melancon Comments on New Report Linking Chinese Drywall to Corrosion in Homes ...

Gov. Perdue Requests Federal Disaster Declaration for Dare County

Raleigh, NC – November 25, 2009 – (RealEstateRama) — Gov. Perdue today requested assistance from the federal government for homeowners and businesses in Dare County affected by the recent nor’easter.

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CT REIA 6th Annual Real Estate Investors Holiday Dinner

Come Network with other Real Estate Investors and Professionals in the spirit of the
holiday season.

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CT REIA Real Estate Rehab Meeting – Ansonia, CT

CT REIA Rehab Subgroup Meeting with Jason and George Chiodo. Then be sure to attend this Rehab Subgroup. Fabio Silva with Top Quality LLC and
Jason and George Chiodo with CT Housing Services LLC will show you the new house
they are rehabbing

Read the full article: CT REIA Real Estate Rehab Meeting – Ansonia, CT ...

HALSTEAD PROPERTY DEVELOPMENT MARKETING COMMENCES SALES FOR NEW CONDO DEVELOPMENT “THE DOUGLASS”

New York, NY – November 30, 2009 – (RealEstateRama) –BRP Companies and Halstead Property Development Marketing today announced the commencement of sales for The Douglass, a new high-end condominium development located in South Harlem at 2110 Frederick Douglass Boulevard at the corner of 114th Street.

Read the full article: HALSTEAD PROPERTY DEVELOPMENT MARKETING COMMENCES SALES FOR NEW CONDO DEVELOPMENT “THE DOUGLASS” ...

Federal Home Loan Bank of San Francisco, Local Organizations Host Foreclosure Prevention Workshops

Events in Ukiah and Lakeport Help Consumers Facing Housing Issues. Ukiah, CA – November 27, 2009 – (RealEstateRama) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), working with the Mendocino/Lake Housing Foreclosure Prevention Coalition, hosted community housing workshops last weekend in Mendocino and Lake Counties

pbb Deutsche Pfandbriefbank and Westdeutsche ImmobilienBank AG in a Club Deal structure completed the investment financing of €48.5 million for Arka’s Alfa Shopping Center in Poland

Munich/London/Mainz – November 27, 2009 – (RealEstateRama) — pbb Deutsche Pfandbriefbank acting as Facility Agent and Westdeutsche ImmobilienBank AG (WestImmo) are pleased to announce that they have provided Arka Property Funds with a €48.5 million investment financing for Alfa Shopping Center in Olsztyn, Poland.

Massachusetts Home Sales up Over 17 Percent in October as Buyers Took Advantage of Tax Credit

WALTHAM, MA – November 25, 2009 – (RealEstateRama) — The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales were up over 17 percent compared to October 2008 as buyers made sure to take advantage of the first-time homebuyer tax credit before it was set to expire. Condominium sales also were up 17 percent. Median prices were down 2.6 percent compared to last year, while condominium median prices were down 4.0 percent. October pending sales (homes put under agreement) were up 27 percent from the same time last year. This is the fifth straight month of increases.

Read the full article: Massachusetts Home Sales up Over 17 Percent in October as Buyers Took Advantage of Tax Credit ...