Blog Page 1129

Congressman Rothman Votes to Extend Unemployment Benefits and Homebuyer Tax Credits

Washington, D.C. - November 5, 2009 - (RealEstateRama) -- Congressman Steve Rothman (D-NJ) voted in favor of H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009.

Mandates Relief Equals Property Tax Relief

Trenton, NJ - November 6, 2009 - (RealEstateRama) -- The people of New Jersey have spoken. Their priorities are still tax relief and cost cutting at all levels of government. The new Administration will surely need to tackle the factors that drive public spending. Local officials, through the League of Municipalities, stand ready and willing to help.

Hotel Indigo Opens in Asheville, N.C

ATLANTA, GA - November 9, 2009 - (RealEstateRama) -- The newest Hotel Indigo opened its doors today in downtown Asheville, N.C. Nestled near the foothills of the Blue Ridge Mountains, the 100-room new-build boutique hotel is the second of five properties planned for the state; additional deals are signed in Charlotte, Wilmington and Winston-Salem.

TCAP Funds Will Jumpstart Construction Or Rehabilitation Of Affordable Housing In The Bronx, Brooklyn,...

New York, NY - November 6, 2009 - (RealEstateRama) -- New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero today announced the recipients of the agency’s second round of funding from the American Recovery and Reinvestment Act’s Tax Credit Assistance Program (TCAP).

House Passes Extension of Home Buyer Tax Credit

Legislation similar to bill introduced by Kratovil to help jump start the economy and put more people in homes. November 9, 2009 - (RealEstateRama) -- The House of Representatives passed and today President Obama signed into law legislation that will extend the $8,000 homebuyer tax credit past the November 30th deadline to first-time homebuyers with a binding contract before April 30, 2010.

MassHousing Announces Loan Commitments of $43 Million for the Renovation and Preservation of Affordability...

BOSTON, MA - November 9, 2009 - (RealEstateRama) -- November 9, 2009 – MassHousing announced loan commitments today of up to $43 million for the renovation and preservation of affordability at the 500-unit Castle Square housing community in Boston’s South End.

Mayor Menino, JPNDC Celebrate Reuse of JP’s Historic Blessed Sacrament Church

$28M Mixed-Use Project to Transform Neighborhood Landmark, make Available New Affordable Homeownership and Rental Housing. November 9, 2009 - (RealEstateRama) -- Mayor Thomas M. Menino and Department of Neighborhood Development (DND) Director Evelyn Friedman today joined the Jamaica Plain Neighborhood Development Corporation (JPNDC), New Atlantic Development Corporation (NADC), and community members to celebrate the completion of the first 16 new units of housing on the site of the former Blessed Sacrament church. The completed $28 million development, expected for the end of 2010, will yield a total of 118 units of housing, the majority of which will be available to low and moderate income households.

Worker, Homeownership and Business Assistance Act of 2009 Goes to President to Get Signed...

Washington, DC - November 9, 2009 - (RealEstateRama) -- On Thursday, the House of Representatives overwhelmingly passed HR 3548, the Worker, Homeownership, and Business Assistance Act of 2009 by a vote of 403 to 12. This bill provides critical aid to families in Southeast Michigan and across the country in the form of extended unemployment benefits, tax relief to businesses, and an extension and expansion of the homebuyers’ tax credit.

Loebsack’s Statement on the Release of $150 Million for Flood-Damaged Home Buyouts

Washington, DC - November 9, 2009 - (RealEstateRama) -- Congressman Dave Loebsack (D-IA) issued the following statement on the announcement that $150 million in Community Development Block Grant (CDBG) Disaster Recovery Funds will be made available for the purchase of 1,352 homes damaged due to the floods of last year. In June, Congressman Loebsack spearheaded efforts that garnered $517 million in CDGB funds for Iowa, bringing the total CDBG funds allocated to Iowa to nearly $800 million.

Carson Votes to Extend Unemployment Insurance Benefits, Homebuyes’ Tax Credit, Tax Relief for Businesses

Washington, D.C. - November 9, 2009 - (RealEstateRama) -- On Thursday, Congressman André Carson joined his House colleagues in voting to extend unemployment benefits, the homebuyers’ tax credit, and tax relief for military families and businesses

Illinois Third Quarter Home Sales a Bright Spot in 2009 Statewide Median Price at...

SPRINGFIELD, IL - November 9, 2009 - (RealEstateRama) -- The first-time buyer tax credit built third-quarter momentum as home sales marked the first positive year-over-year increase in more than three years while price declines moderated but continued to be influenced by entry-level and distressed sales, according to the Illinois Association of REALTORS® (IAR). Statewide home sales (which include single-family and condominiums) totaled 32,460, up 0.3 percent from 32,358 home sales in the third quarter of 2008. The third quarter median home sale price was $165,000, down 12.9 percent from $189,500 in the third quarter of 2008. The median is a typical market price where half the homes sold for more, half sold for less.

Rep. Scott Votes to Extend Unemployment Benefits, Homebuyers’ Tax Credit

Washington, DC - November 9, 2009 - (RealEstateRama) -- Congressman David Scott voted to stimulate the local economy and provide stability to Georgia families hit hardest by the recession by extending unemployment benefits, the homebuyers' tax credit, and tax relief for military families. The Emergency Unemployment Compensation Extension Act will provide immediate assistance to millions of families.

Florida Realtors Applaud the Extension, Expansion of Homebuyer Tax Credit

ORLANDO, FL - November 9, 2009 - (RealEstateRama) -- Potential homebuyers have even more incentive to purchase a Florida home, according to Florida Realtors, thanks to the extension and expansion of the federal $8,000 first-time homebuyer tax credit.

Attorney General, Florida Interagency Mortgage Task Force Host Broward Community Forum on Housing Issues

SUNRISE, FL - November 9, 2009 - (RealEstateRama) -- The Attorney General’s Office and the Florida Interagency Mortgage Task Force today hosted a Broward County community forum to discuss the housing crisis. The event, designed to present a comprehensive approach for dealing with housing-related issues, provided community education and assistance to over 100 attendees. Participating agencies included state agencies, law enforcement, and regulatory authorities.

House Votes to Extend the First-Time Homebuyer Tax Credit

Washington, DC - November 9, 2009 - (RealEstateRama) -- This week, the House voted on legislation to extend the $8,000 first-time homebuyer tax credit through April 30, 2010, which is currently set to expire December 1, 2009. The bill also expands eligibility of the credit, raising the income eligibility cap on individuals to $125,000 and $225,000 for married couples, up from $75,000 and $150,000 respectively, and homes sold for more than $800,000 are ineligible.

Senators Call for Increased Funding to Fight Veteran Homelessness

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- U.S. Senators Tom Udall (D-NM), Jeff Bingaman (D-NM) and Kit Bond (R-MO) today introduced an amendment that would increase funding to provide transitional housing for homeless veterans, calling it our nation's sacred responsibility to support the men and women who answered America's call to duty.

Dahlkemper Delivers on Unemployment Extension, Homebuyer Tax Credit

Washington, DC - November 5, 2009 - (RealEstateRama) -- Today, Congresswoman Kathy Dahlkemper (PA-3) voted to extend relief to unemployed workers, local real estate markets, and provide much-needed help to businesses and families.

Menendez Hails Passage Of Unemployment Insurance Extension

WASHINGTON, DC - November 4, 2009 - (RealEstateRama) -- This evening, the U.S. Senate passed legislation to extend unemployment insurance for laid off workers. Senator Robert Menendez (D-NJ) was a co-sponsor of the legislation and voted in favor of its passage.

Kind Extends Homebuyer Benefits to Military Families

WASHINGTON, DC - November 5, 2009 - (RealEstateRama) -- U.S. Rep. Ron Kind (D-WI) today voted in favor of the Worker, Homeownership and Business Assistance Act of 2009, a bill that will help continue America’s economic recovery by extending and improving the homebuyer tax credit, providing homebuyer benefits to military families, and extending unemployment benefits.

Nelson Votes To Help Unemployed Nebraskans, And To Stimulate Nebraska Homebuying And Homebuilding

Omaha, NE - November 4, 2009 - (RealEstateRama) -- Nebraska’s Senator Ben Nelson today voted to provide additional benefits to thousands of unemployed Nebraskans, and to extend the First-Time Homebuyer Tax Credit that already has helped more than 10,000 Nebraskans buy homes and created hundreds of jobs in new home construction in Nebraska.

Coble Praises Extension Of Homebuyers Tax Credit

WASHINGTON, D.C. - November 5, 2009 - (RealEstateRama) -- As the author of one of the first bills to extend the tax credit for home buyers, U.S. Rep. Howard Coble (R-NC) today praised passage of a bill that will extend the credit through next April and will make additional home buyers eligible for the tax credit.

Welch supports, House passes unemployment benefit extension, First-Time Homebuyer Credit

Washington, DC - November 5, 2009 - (RealEstateRama) -- Rep. Peter Welch on Thursday voted to provide an additional 14 weeks of unemployment benefits to those hit hardest by the recession and to extend the popular First-Time Homebuyer Tax Credit until the end of April.

Spratt Votes To Extend Unemployment Insurance Benefits, Homebuyers’ Tax Credit, Business Tax Relief

WASHINGTON, D.C. - November 5, 2009 - (RealEstateRama) -- The U.S. House of Representatives today gave final approval to a bill backed by Rep. John Spratt (D-SC) that would extend unemployment benefits, the homebuyers' tax credit, and the tax relief for military families and businesses.

Larsen Supports Extension of Homebuyer Tax Credit and Jobless Benefits

Washington, D.C. - November 5, 2009 - (RealEstateRama) -- U.S. Representative Rick Larsen (WA-02) voted today to approve a package of unemployment insurance benefits and tax credits for first-time homebuyers and businesses facing financial losses.

Kagen Votes To Reduce Taxes and Boost New Homes Sales

WASHINGTON, DC - November 5, 2009 - (RealEstateRama) -- Congressman Steve Kagen, M.D. continued to take action to put our economy on the road to recovery.

OMRDD Receives $47,000 Hud Housing Grant Award

ALBANY, NY - November 5, 2009 - (RealEstateRama) -- The United States Department of Housing and Urban Development (HUD) has awarded the New York State Office of Mental Retardation and Developmental Disabilities (OMRDD) a grant for $49,716 to allow OMRDD to continue to provide comprehensive housing counseling to individuals with developmental disabilities, their income-eligible parents or legal guardians, and direct care professionals.

NYS Housing Finance Agency and NYS Affordable Housing Corporation Approve $18.8 million in Financing...

NEW YORK, NY - November 5, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved more than $18.8 million in financing to create and preserve 432 affordable housing units throughout New York State.

Housing North Carolina Awards Recognize Five Excellent Developments

Raleigh, NC - November 4, 2009 - (RealEstateRama) -- Five affordable housing developments received Housing North Carolina Awards on Nov. 3 during the N.C. Affordable Housing Conference at the Raleigh Convention Center.

Federal stimulus funding breathes new life into statewide affordable housing initiatives

COLUMBUS, OH - November 6, 2009 - (RealEstateRama) -- Funding made possible through the American Recovery and Reinvestment Act (ARRA) will support the creation of over 750 units of new affordable housing in 17 Ohio communities.

Forbes Votes to Extend Homebuyer Tax Credits

Washington, D.C. - November 5, 2009 - (RealEstateRama) -- Congressman J. Randy Forbes (VA-04) today voted in favor of H.R. 3548 to extend the $8,000 first-time homebuyer tax credits to April 30, 2010.



Mississippi Real Estate Investors Plead Guilty to Conspiring to Rig Bids...

Real estate investors Kevin Moore, Chad Nichols, and Terry Tolar pleaded guilty today for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Mississippi, the Department of Justice announced.