Blog Page 1119

Funds available for farmworker housing

Salem, OR - December 8, 2009 - (RealEstateRama) -- Oregon Housing and Community Services (OHCS) today announced a funding opportunity for farmworker housing.

Governor Paterson Announces Stimulus Funds Targeted To Cut Energy Costs For Low-Income Residents Of...

Albany, NY - December 8, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced $60.3 million in federal American Recovery and Reinvestment Act (ARRA) funding for weatherization projects that will work to reduce the energy burden on low-income residents in 9,431 multi-family housing units around the State.

Housing Stabilization Funds Available

BISMARCK, ND - December 9, 2009 - (RealEstateRama) -- The North Dakota Housing Finance Agency (NDHFA) is soliciting pre-applications for funding under the federal Neighborhood Stabilization Program (NSP).

Senate Judiciary Committee Hearing on Mortgage Fraud, Securities Fraud, and the Financial Meltdown: Prosecuting...

December 9, 2009 - (RealEstateRama) -- Good afternoon, everyone. I am honored to call to order this hearing of the Senate Committee on the Judiciary. And I thank Chairman Leahy for permitting me to chair this hearing

Property Improvements May Qualify for Tax Exemption

Sioux City, IA - December 9, 2009 - (RealEstateRama) -- December 31 is the deadline to file for Urban Revitalization Tax Exemption on eligible properties which received property improvements during calendar year 2009. All residential property owners within the corporate limits of the City of Sioux City that made improvements to their property in 2009 are encouraged to apply for the tax exemption.

Congressman Al Green Urges Mortgage Servicers to Address the Needs of Minority Borrowers

Washington, DC - December 9, 2009 - (RealEstateRama) -- Today Congressman Al Green (TX-09) called on private mortgage servicers to better address the needs of struggling minority homeowners during a hearing of the House Committee on Financial Services regarding the current foreclosure crisis.

EastGroup Properties Announces Presentation at Wells Fargo 13th Annual Global Real Estate Securities Conference

Jackson, MS - December 9, 2009 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) announced today that it is scheduled to present at the Wells Fargo 13th Annual Global Real Estate Securities Conference. EastGroup's presentation is scheduled for Wednesday, December 9, 2009 at 9:05 a.m., EST. The presentation will be live via web cast and is accessible at the day of the conference and will be archived at the same URL for 90 days.

Pollin Family, Enterprise Homes Celebrate Groundbreaking of Linda Joy and Kenneth Jay Pollin Memorial...

Columbia, MD - December 9, 2009 - (RealEstateRama) -- Washington, D.C. Mayor Adrian Fenty, the Pollin family and representatives from Enterprise Homes, Inc. today celebrated the groundbreaking of the Linda Joy and Kenneth Jay Pollin Memorial Community Development in northeast Washington.

Hawai’i Eligible to Receive $21 Million in Homeland Security Grants

WASHINGTON, DC - December 9, 2009 - (RealEstateRama) -- U.S. Senators Daniel K. Akaka and Daniel K. Inouye announced today that Hawai‘i will be eligible to apply for more than $21 million in grants distributed by the U.S. Department of Homeland Security (DHS) for 2010. DHS Secretary Janet Napolitano released the application guidance for the DHS grants programs today.


Washington, DC - December 9, 2009 - (RealEstateRama) -- Colorado homebuyers will be able to take advantage of the $8,000 homebuyer tax credit for an additional three months, Congresswoman Betsy Markey announced today

Hillєs Property Tax Assistance Legislation Extended Another Year under Tax Extenders Package

Washington, DC - December 8, 2009 - (RealEstateRama) -- Congressman Baron Hill has successfully ensured that his property tax relief language included in the Housing Assistance Tax Act of 2008 will be incorporated into the Tax Extenders Act of 2009, H.R. 4213. The bill, which is scheduled for a vote tomorrow, would extend Hill’s property tax relief for another year.

Webster Man Pleads Guilty to Bilking More Than $7 Million from Mortgage Lenders

December 8, 2009 - (RealEstateRama) -- A 27-year-old Webster man pleaded guilty today in federal court to bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 2008. Appearing before United States District Court Judge Richard Kyle in St. Paul, Dustin LaFavre pleaded guilty to one count of conspiracy to commit mail and wire fraud in connection with this crime. LaFavre was charged on November 5, 2009

Klein, Committee Examine Solutions for Mortgage Crisis

Washington, D.C. - December 8, 2009 - (RealEstateRama) -- Congressman Ron Klein (FL-22) today participated in a hearing of the House Financial Services Committee seeking solutions to the current mortgage crisis. Klein described the serious problems in the South Florida housing market for the Committee and witnesses, and said that it “is essential for banks and the federal government to implement effective programs to increase loan modifications and prevent foreclosures. It is simply not acceptable to watch responsible families in our community lose the homes they have worked so hard for.”

CFO of Real Estate Development Firm Admits Role in Fraud Scheme

December 8, 2009 - (RealEstateRama) -- Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that PAUL MAYOTTE, 69, of Brookfield, the CFO of Girouard Associates, Inc. and RRG Investments, LLC, both of which are owned by Connecticut real estate developer Richard Girouard, pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of an indictment charging MAYOTTE with conspiring with Girouard to commit wire fraud related to a scheme to defraud an investor out of money.

DHCR Announces $32 Million in Awards for Affordable Housing Developments

Albany, NY - December 8, 2009 - (RealEstateRama) -- Deborah VanAmerongen, commissioner of the state Division of Housing and Community Renewal (DHCR) today announced $32 million in grants that will help to build or rehabilitate 755 affordable homes for low-income families, frail elderly and people with disabilities.

EBS acquired its 64th property with the closing of Advantage Storage in Plano, Texas

Dallas, TX - December 7, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that it has acquired Advantage Self Storage in Plano, Texas, located at 3900 McDermott Road.

Schumer Introduces Legislation to Allow More Military Personnel to Qualify for Affordable Housing Program

Washington, DC - December 7, 2009 - (RealEstateRama) -- Today U.S. Senator Charles E. Schumer announced that he is introducing legislation to help provide more affordable housing options for military service members.


Foreclosure protection offered to displaced families in 37 counties WASHINGTON, DC - December 8, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding.


WASHINGTON, DC - December 8, 2009 - (RealEstateRama) -- The Federal Housing Administration (FHA) today announced that it is immediately suspending Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland, thereby preventing the Company from originating and underwriting new FHA-insured mortgages. FHA is imposing this action because ETM improperly overcharged 37 borrowers for broker and loan origination fees in excess of what the U.S. Department of Housing and Urban Development currently allows. HUD discovered that these unauthorized fees were charged to a substantially greater percentage of minority borrowers (68 percent) than non-minorities.

Home Foreclosures and DelinquentMortgage Loans Continue to Increase Modestly at Maine Banks and Credit...

AUGUSTA, ME - December 8, 2009 - (RealEstateRama) -- Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.


Topeka, KS - December 8, 2009 - (RealEstateRama) -- Kansas Housing Resources Corporation (KHRC) has launched a new appliance rebate program that rewards low-income households for replacing old, electricity-guzzling household appliances with new energy efficient models. The State Energy Efficient Appliance Replacement Program, or SEEARP, provides rebates to consumers who purchase ENERGY STAR® refrigerators, clothes washers, freezers, dishwashers and window air conditioners. Funded by the American Recovery and Reinvestment Act (ARRA) of 2009, SEEARP will provide $2.6 million for the replacement of an estimated 4800 appliances

Iowa Finance Authority Awards Nearly $13 Million in Federal Disaster Housing Tax Credits, ARRA...

DES MOINES, DC - December 8, 2009 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved nearly $13 million in federal resources to finance the development of The Rose of Council Bluffs, a 76 unit affordable housing development for older residents

Protecting Your Home From The Storm: Sand Available From Phoenix Fire

December 8, 2009 - (RealEstateRama) -- Bags will be available on a first-come, first-served basis. To safeguard, it is recommended that individuals supply their own medium-sized garbage bags double bagged and their own shovels.

Ruppersberger to Host “Opportunities for Home Ownership” Forum

Dundalk, MD - December 7, 2009 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) will host a Congressional Forum on “Opportunities for Home Ownership.” Maryland has the 9th highest foreclosure rate in the country, according to Realty Trac Inc., a California-based research firm. The homes of more than 6,600 families in Maryland went into foreclosure in October 2009 alone. Thousands more Marylanders face mortgage scams. Many others are considering refinancing or purchasing a new home.

Quigley Rolls Up Sleeves to Help Weatherize Seniors’ Homes

CHICAGO, IL - December 7, 2009 - (RealEstateRama) -- Congressman Mike Quigley (D-IL) and his staff recently volunteered with the Young Leaders of Korean American Community Services (KACS) at an event to weatherize over a hundred living units for local senior residents

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Groupers...

Atlanta, GA - December 7, 2009 - (RealEstateRama) -- On December 4, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Groupers Property Management Associates located at 1050 E. Piedmont Road, Suite E-167, Marietta, Georgia 30062 became final.

IBHS Announces Leadership Transitions for 2010

TAMPA, FL - December 7, 2009 - (RealEstateRama) -- The Institute for Business & Home Safety (IBHS) today announced a change of leadership as the organization looks toward 2010. Kevin Kelso, chief marketing officer and executive vice president of the Farmers Group, will become IBHS chairman at the end of this year. In addition, Carl Hedde, vice president of Munich Re America, will become IBHS vice chairman. Both appointments were lauded during the Dec. 4 IBHS board of directors meeting.

Economy Impacting the Number of Homeless in South Dakota

PIERRE, S.D. - December 4, 2009 - (RealEstateRama) -- A recent homeless count and survey conducted by South Dakota Housing for the Homeless Consortium (SDHHC) indicates that the economy has impacted the number of homeless individuals and families in South Dakota.

Shelters and services for the homeless receive financial boost

December 7, 2009 - (RealEstateRama) -- Eight Delaware emergency and transitional shelters for the homeless received a financial boost from the Delaware State Housing Authority (DSHA) to continue to bring needed services to the homeless in lower Delaware. A total of $100,233 in federal funds was awarded to homeless providers through a competitive application process in which DSHA has participated for twenty-one consecutive years.

Gov. Schwarzenegger Celebrates Grand Opening of Ventura Veterans Home

December 7, 2009 - (RealEstateRama) -- Continuing his commitment to California’s veterans, Governor Arnold Schwarzenegger today joined California Department of Veterans Affairs (CDVA) Secretary Roger Brautigan and commanding officer of the Naval Base Ventura County Captain James McHugh to celebrate the grand opening of California Veterans Home, Ventura (CVH-Ventura), the newest state veterans home which will provide housing and long-term care for many of California’s veterans



Ways and Means Democrats Question Possibility of Politically-Motivated IRS Overreach

U.S Representative Bill Pascrell, Jr. (D-NJ-09) and 10 Democratic members of the Ways and Means Committee sent a letter to Internal Revenue Service (IRS) Acting Commissioner David Kautter requesting an explanation for the agency’s decision to create restrictions on the prepayment of 2017 property taxes that are not included in the Tax Cuts and Jobs Act of 2017 (TCJA).