STATE APPROVES $7.2 MILLION TAX CREDIT FOR DETROIT REDEVELOPMENT
LANSING, MI - November 23, 2009 - (RealEstateRama) -- The Michigan Economic Growth Authority (MEGA) Board this week approved a $7.2 million tax credit for the NSO Bell project expected to invest $50 million in Detroit, State Senator Martha G. Scott (D-Highland Park) announced.News || Laws & Taxes
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- WORKSHOPS FOCUS ON INSURANCE, MORTGAGES, INVESTMENTS
LANSING, Michigan - September 30, 2009 - (RealEstateRama) -- State Senator Martha G. Scott (D-Highland Park), along with the Office of Financial & Insurance Regulation (OFIR), is offering three free financial workshops in October where consumers can learn about auto and home insurance, mortgage and consumer finance, and investor protection...
- Levin, Stabenow Hail $2 Million for Detroit Community Development
WASHINGTON, DC - June 30, 2009 - (RealEstateRama) — U.S. Senators Carl Levin (D-MI) and Debbie Stabenow (D-MI) today hailed news that the U.S. Department of the Treasury has awarded $2 million to Communicating Arts Credit Union in Detroit through the Community Development Financial Institutions (CDFI) Fund. The funding will be used to expand lending and services in the Highland...
- Detroit Mayor Kwame M. Kilpatrick and Northern Group, Inc. Hold News Conference to Announce Details of $150 Million Cadillac Centre Development in Heart of Downtown Detroit
DETROIT — Detroit Mayor Kwame M. Kilpatrick and Alex Dembitzer, principal and managing partner of the New York City-based real estate development firm Northern Group Inc. will hold a news conference at 11 a.m., Wednesday, Jan. 9 in the Mayor’s conference room to announce details of the new, iconic Cadillac Centre on Campus Martius Park. ...
- Radisson Hotel and Conference Center Detroit - Livonia Nears Completion of Major $12 Million Renovation
DETROIT and LIVONIA, Mich., Jan. 9 /PRNewswire/ — Radisson Hotels & Resorts(R) today announced the 226 room Radisson Hotel and Conference Center located at 17123 North Laurel Park Drive in Livonia, Mich., will soon complete a $12 Million renovation. ...
- DELEG Announces Green Lodging Certification for Sheraton Detroit Novi Facility Earns Steward Certification
February 26, 2009 - (RealEstateRama) — The Sheraton Detroit Novi, located in Novi, Michigan, has earned Green Lodging Michigan (GLM) Steward certification from the Michigan Department of Energy, Labor & Economic Growth (DELEG). ...
- French Lick Redevelopment Selected to Receive $50 Million in Allocation Authority under the New Markets Tax Credit Program
Washington, DC - October 30, 2009 - (RealEstateRama) -- Congressman Baron Hill is pleased to announce that French Lick Redevelopment CDE LCC has been selected to receive $50 million in allocation authority under the 2009 round of the New Markets Tax Credit (NMTC) Program administered by the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund....
- Legendary Detroit Buildings Receive Major Boost with New Regional Manager for Detroit’s ‘The Downtown Collection’
Fred Schwark Appointed by the Northern Group Inc. to Oversee Collection of Premier Buildings in Downtown Detroit Appointment Continues Detroit’s Renaissance DETROIT, Nov. 6 /PRNewswire/ — The management of a collection of some of Detroit’s most legendary buildings, the Penobscot Building, the First National Building and the Cadillac Tower will be overseen by Fred Schwark, the new [...]...
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Articles Category: Laws & Taxes
- Attorney General Corbett cautions consumers to be wary of online real estate or vehicle sales scams
HARRISBURG, PA - February 8, 2010 - (RealEstateRama) -- Attorney General Tom Corbett today cautioned Pennsylvania consumers to be alert for possible scams linked to online ads for rental homes and apartments, along with Internet "for sale" ads and auctions for cars, motorcycles and other items.
- Dorgan Says 3,400 North Dakotans Have Used Homebuyer Tax Credit
WASHINGTON, D.C. - February 8, 2010 - (RealEstateRama) -- U.S. Senator Byron Dorgan (D-N.D.) said today that 3,400 North Dakotans have used the First Time Homebuyer Tax Credit passed last year by Congress as part of a major economic recovery bill.
- Titus Statement on 4th Quarter GDP Increase
Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
- CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
- Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses
CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
- Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage Fraud and Ponzi Scheme
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
- First-time buyers dominate Illinois housing market
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.