Blog Page 1119

Cox Files Charges in Massive Detroit-Area Real Estate Ponzi Scheme

LANSING, MI - December 4, 2009 - (RealEstateRama) -- Attorney General Mike Cox today announced the early morning arrest of a Grosse Ile woman accused of defrauding dozens of people in a massive real-estate Ponzi scheme. Rita Gosselin, 58, is charged with racketeering and multiple counts of obtaining money under false pretenses for orchestrating numerous fraudulent real estate investments and stealing hundreds of thousands of dollars from Michigan families

Kentucky Housing Corporation Board of Directors Executive Committee to Meet

December 4, 2009 - (RealEstateRama) -- The Executive Committee of the Kentucky Housing Corporation Board of Directors will meet Thursday, December 3, 2009, 2:30 p.m., Eastern time, 1231 Louisville Road, Frankfort, Kentucky. A copy of the agenda for the meeting accompanies this notice

EastGroup Properties Announces 120th Consecutive Quarterly Cash Dividend

Jackson, MS - December 3, 2009 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.52 per share payable on December 31, 2009 to shareholders of record of Common Stock on December 18, 2009. This dividend is the 120th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.08 per share.

MassHousing Approves $295,000 for Affordable Sober Housing in Massachusetts

BOSTON, MA - December 3, 2009 - (RealEstateRama) -- MassHousing has approved $295,000 in funding for the creation or preservation of affordable sober housing for men, women and veterans in Boston, New Bedford, Salem and Worcester. The MassHousing grants, ranging from $35,000 to $75,000, will come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that creates and preserves affordable sober housing in Massachusetts for recovering substance abusers. CCRI to date has awarded more than $4 million in grants for sober housing for more than 1,000 units of substance-free housing in more than two dozen communities for men, women, families, veterans, the homeless and ex-offenders.

MassHousing Announces $1.4 Million Loan Commitment for the Development of Affordable Rental Housing in...

BOSTON, MA - December 3, 2009 - (RealEstateRama) -- MassHousing announced a $1.4 million loan commitment today to help develop 43 affordable apartments for low-income families as part of a 62-apartment mixed-income historic redevelopment in Mission Hil

MassHousing Announces $5.9 Million in Loan Commitments for Affordable Rental Housing in Tyngsborough

BOSTON, MA - December 3, 2009 - (RealEstateRama) -- MassHousing announced loan commitments today of up to $5.9 million for the development of Maple Ridge, a 72-unit affordable rental community in Tyngsborough

Seven Northland Residents Indicted in Parkville Mortgage Fraud Scheme

KANSAS CITY, MO - December 3, 2009 - (RealEstateRama) -- Matt J. Whitworth, United States Attorney for the Western District of Missouri, announced today that seven Kansas City, Mo., residents have been indicted by a federal grand jury for their roles in a mortgage fraud scheme that involved the purchase of a $605,000 house in Parkville, Mo

Visclosky Delivers Resources for More Sidewalks in South Haven

Washington, D.C. - December 3, 2009 - (RealEstateRama) -- Congressman Pete Visclosky today announced that the U.S. Department of Housing and Urban Development has released the funding he secured for South Haven to build more sidewalks. The construction project, which will expand on the sidewalks completed earlier this year, will create jobs immediately while addressing a critical safety concern for the community’s children

Department of Banking and Finance Enters into a Consent Order with America’s Mortgage Broker,...

Atlanta, GA - December 3, 2009 - (RealEstateRama) -- On December 1, 2009, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with America’s Mortgage Broker, LLC, mortgage lender’s license number 15600, located at 324 North Dale Mabry Highway, Suite 203, Tampa, Florida 33609-1266, and its owners, Mark Collins and Axiom, Inc., to resolve allegations of violations of the Georgia Residential Mortgage Act

Congressman Murphy Announces Fiscally Responsible Tax Credit for Homebuyers

Washington, DC - December 3, 2009 - (RealEstateRama) -- Today, Congressman Scott Murphy announced that, starting this month, New York homebuyers will be able to take advantage of a fiscally responsible tax credit.

Rep. Sires Introduces Bill to Provide Adequate Housing for Our Nation’s Veterans

Washington, D.C. - December 2, 2009 - (RealEstateRama) -- Today, Congressman Sires announced that he introduced legislation to support veterans who lack stable housing.

House Passes Glenn Nye’s Resolution to Aid Toxic Drywall Victims

Washington, DC - December 2, 2009 - (RealEstateRama) -- Families struggling with toxic drywall in their homes will now have one more piece of ammunition when they negotiate with banks and mortgage servicers for relief: a resolution from the United States Congress.

Goldman Sachs to Invest $61 Million in Affordable Housing

NEW YORK, NY - December 2, 2009 - (RealEstateRama) -- The Goldman Sachs Urban Investment Group announced today an investment of $61 million to support the preservation of more than 500 affordable rental homes for low-income New Yorkers.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

ST. CHARLES, MD - December 3, 2009 - (RealEstateRama) -- Today, Congressman Steny H. Hoyer (D-MD) joined Governor Martin O'Malley, Charles County officials and the American Community Properties Trust (ACPT) to announce a planned 9,100-acre "green community" development project in St. Charles, MD. The largest of its kind, the project will entail the development of 4,000 acres and retrofitting of more than 12,000 existing homes and four million square feet of commercial space, and is anticipated to create up to 20,000 new jobs through a Green Jobs Opportunity Zone, including 1,000 in the next three years. Below are Rep. Hoyer's remarks as prepared for delivery.

Scalise Helps Pass Resolution to Assist Homeowners Affected by Toxic Chinese Drywall

Washington, DC - December 3, 2009 - (RealEstateRama) -- Congressman Steve Scalise successfully worked to pass legislation today that encourages banks and mortgage servicers to work with families affected by toxic Chinese drywall to allow temporary leniency without penalty on payments on their home mortgages. Scalise is a co-sponsor of H.Con.Res. 197 which passed by a vote of 419 – 1.

Commission rules on building contractors’, highway districts’ petitions

December 3, 2009 - (RealEstateRama) -- The Idaho Public Utilities Commission is granting in part and denying in part petitions for reconsideration filed by area highway districts and, in the same case, denying a petition for reconsideration by the Building Contracts Association.

Buchanan Helps Homeowners with Chinese Drywall Avoid Foreclosure

Washington, DC - December 3, 2009 - (RealEstateRama) -- Congressman Vern Buchanan (FL-13) voted for legislation today to help Florida homeowners suffering from toxic Chinese drywall avoid foreclosure. Buchanan is an original cosponsor of H. Con. Res. 197, which l passed the House 419 to 1. The bill would encourage banks and mortgage servicers to provide impacted homeowners with temporary forbearance on their mortgage payments.

House Passes Chinese Drywall Resolution

Washington, DC - December 3, 2009 - (RealEstateRama) -- The House of Representatives today passed a resolution cosponsored by Congressman Bill Posey (R-Rockledge) to encourage banks and mortgage service providers to work with families affected by contaminated drywall and to allow temporary forbearance without penalty on payments on their home mortgages. The resolution is nonbinding but serves to raise awareness to the unfortunate situation that has affected some homeowners in recent years.

Congressman Salazar says banks “better start helping people keep their homes”

WASHINGTON, D.C. - December 3, 2009 - (RealEstateRama) -- Today Congressman John Salazar voiced strong support for the Obama Administration’s recent demand that lending institutions step up efforts to help those fighting off foreclosure through the government’s “Making Home Affordable” program. Specifically, Congressman Salazar expressed his anger over reports that the banks have been evasive and unhelpful to constituents in Colorado’s Third Congressional District.

House Approves CJ’s Home Protection Act

WASHINGTON, DC - December 2, 2009 - (RealEstateRama) -- The House approved legislation today to provide Americans in the path of dangerous storms with life-saving warnings. CJ's Home Protection Act requires manufactured and mobile homes to be equipped with emergency weather radios. The bill is named after CJ Martin, a two-year-old boy, whose life was taken by an F3 tornado in Southwest Indiana in 2005.

Hill Reminds Southern Indiana Residents about Homebuyer Tax Credit Extension

Washington, DC - December 2, 2009 - (RealEstateRama) -- Congressman Baron Hill wants to remind Southern Indiana residents that potential homebuyers will be able to take advantage of the $8,000 homebuyer tax credit through next spring. The extension took effect yesterday, December 1, 2009, and will last until April 30, 2010

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New York City Fire Fatalities Rise 35% in 2017

While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.