Blog Page 1149

CPC Launches $1 Billion Lending Program To Retrofit Existing Buildings

New York, NY - September 30, 2009 - (RealEstateRama) -- The Community Preservation Corporation (CPC), a non-profit affordable housing lender, today announced a new public/private partnership to provide $1 billion in construction and mortgage loans to multifamily housing owners for energy efficient upgrades and property retrofits.

Cleveland Area Board of Realtors (CABOR) Endorses Issue 6 for a New Charter of...

Cleveland, OH - October 1, 2009 - (RealEstateRama) -- The Cleveland Area Board of Realtors (CABOR) announced its support for Issue 6 on the November 3rd ballot. The Board of Directors for the 4,500 member non-profit organization voted on Thursday, September 24, 2009 to endorse the reform effort

SL Green Realty Corp Announces Refinancing Of 100 Park Avenue

New York, NY - September 30, 2009 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced the closing of a $215 million refinancing of 100 Park Avenue, the completely redeveloped 'New Modern Classic' near Grand Central Terminal, which it owns in a joint venture with institutional investors advised by Prudential Real Estate Investors.

Brown Calls for Investigation of “Bank Walkaways” from Foreclosed Homes

WASHINGTON, D.C. - September 30, 2009 - (RealEstateRama) -- A growing number of lenders are refusing to take possession of homes after they have been foreclosed, leading to vandalism and neighborhood decline in Cleveland and cities across Ohio.

Schumer, Kyl Offer $200m Proposal To Create Mortgage Fraud Units At District Attorney Offices...

WASHINGTON, DC - September 29, 2009 - (RealEstateRama) -- U.S. Senators Charles E. Schumer (D-NY) and Jon Kyl (R-AZ) announced new legislation Tuesday to better protect homeowners from the recent wave of mortgage scams by providing up to $200 million over two years for State and local prosecutors offices to battle real estate fraud.

Recovery Act reservations totaling $28.6 million approved for low-income housing

Salem, OR - September 30, 2009 - (RealEstateRama) -- Governor Ted Kulongoski announced reservations totaling $28.6 million in federal Recovery Act dollars that will reinvigorate and aid completion of 17 low-income housing projects in Oregon.

Reed Introduces Bill to Keep Families in Their Homes and Stabilize the Housing Market

WASHINGTON, DC - September 30, 2009 - (RealEstateRama) -- In an effort to curb record-high foreclosure rates across the country and stabilize the housing market, U.S. Senator Jack Reed today introduced legislation that will help keep families in their homes and prevent communities from deteriorating as a result of skyrocketing mortgage defaults.

New protections from foreclosure, unfair debt collectors start today

Raleigh, NC - October 1, 2009 - (RealEstateRama) -- North Carolinians who face the loss of their homes through foreclosure or harassment from unfair debt collectors now have new protections under the law, Attorney General Roy Cooper said Thursday.

Housing Authority of Portland Receives $3.3 Million in Recovery Act Funds to Help Finance...

PORTLAND, OR - September 30, 2009 - (RealEstateRama) -- The Housing Authority of Portland (HAP) has been awarded $3,278,370 in competitive American Recovery and Reinvestment Act funding from the U.S. Department of Housing and Urban Development (HUD).

CONGRESSMAN THOMPSON ANNOUNCES HUD FUNDING FOR TUNICA COUNTY

BOLTON, MS - October 1, 2009 - (RealEstateRama) -- Today, United States Representative Bennie G. Thompson (D-MS) announced that the United States Department of Housing and Urban Development will provide Economic Development Initiative Special Project funds to the County in the amount of $902,500.00

Bachmann Urges Geithner to Cut Ties with ACORN

Washington, DC - October 1, 2009 - (RealEstateRama) -- U.S. Representative Michele Bachmann (MN-06) today urged Treasury Secretary Timothy Geithner to specifically prohibit ACORN from participating in his $35 billion proposal to expand government intervention in the housing market

Indianapolis Man Sentenced to 30 Months Imprisonment in Mortgage Fraud Scheme

INDIANAPOLIS, IN - October 1, 2009 - (RealEstateRama) -- Jerry J. Jaquess, Indianapolis, age 67, was sentenced to 30 months in prison late yesterday by Chief Judge David F. Hamilton for his participation in a large mortgage fraud scheme in the Indianapolis area, announced Timothy M. Morrison, United States Attorney for the Southern District of Indiana.

Property Protection Group Commends Homeland Security’s Focus on Readiness and Resilience

TAMPA, FL - October 1, 2009 - (RealEstateRama) -- The Institute for Business & Home Safety (IBHS) today praised the work Department of Homeland Security Secretary Janet Napolitano is doing to ensure that Americans are prepared for disasters. As National Preparedness Month (NPM) comes to a close, Secretary Napolitano is delivering a major speech today challenging all Americans to view disaster preparedness as a shared responsibility, and urging communities to build a year-round culture of readiness and resilience.

First American CoreLogic Introduces “2X” Mortgage Fraud Prevention Guarantee

Guarantee Leverages Newly Patented Pattern-Recognition Technology That Identifies Twice the Level of Fraud Verses Alternative Solutions. SANTA ANA, CA - October 1, 2009 - (RealEstateRama) -- First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America’s largest provider of advanced property and ownership information, analytics and services, today announced its 2X mortgage fraud guarantee. This first-of-its-kind guarantee assures current and prospective clients that they will identify twice the level of potential fraud using First American CoreLogic’s fraud detection technology than when using technology from any other fraud solutions vendor, or the trial period will be free.

Prince George’s County Employers Help Stabilize Neighborhoods Impacted by Foreclosures

Homeowner Education Project Helps Employees Live Near Work. McLean, VA - October 1, 2009 - (RealEstateRama) -- Home prices have dropped, but many working families are still struggling to find affordable homes near their workplace and funds for down payments. Three Prince George's County, Md., employers are assisting employees in becoming homeowners near their offices and helping neighborhoods impacted by foreclosures. There are 3,100 foreclosed properties in Prince George's County

McCaskill Works to Extend Homebuyer Tax Credit For Troops Serving Overseas

Legislation moves back deadline on stimulus tax credit for men and women serving abroad. WASHINGTON, D.C. - September 30, 2009 - (RealEstateRama) -- While many American families have taken advantage of the First-Time Homebuyer Tax Credit and other benefits available through the economic recovery effort, many American heroes have been deployed overseas and thus unable to take advantage of this valuable credit to help them buy a home of their own. Today, U.S. Senator Claire McCaskill introduced a bill in the Senate to extend until November 30, 2010 the availability of this credit of up to $8,000 toward the purchase of a first home for service members deployed abroad for more than 90 days during 2009.

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

Mayor Menino Announces $40 million for Renovations and Redevelopment of Public Housing

Recovery Act funding will provide “green”, energy efficient renovations for Old Colony, Cathedral, Heath and Amory public housing developments. Today, Mayor Thomas M. Menino announced that the U.S. Department of Housing and Urban Development (HUD) has given the City of Boston $40 million through the American Recovery and Reinvestment Act (ARRA). The funding will go toward renovating several public housing developments in the Boston Housing Authority’s (BHA) portfolio using “green” technology to increase energy efficiency and decrease overall costs to the City of Boston. The $40 million worth of projects will create nearly 400 new jobs.

Udall, Bennet Applaud $2 Million in Recovery Funds to Improve Health Information Technology in...

Colorado Coalition for the Homeless and Colorado Community Managed Care Awarded Grants to Boost Use of Electronic Health Records. Washington, D.C. - September 30, 2009 - (RealEstateRama) -- Mark Udall and Michael Bennet, U.S. Senators for Colorado, applauded the announcement of $2 million for two health information technology initiatives in Colorado. The funds are part of $27.8 million in grants announced this week by the Department of Health and Human Services (HHS) and provided through the American Recovery and Reinvestment Act.

Sacramento’s Premier Active Adult Community, Heritage Park, Selects MERIT for Property Management Services

Heritage Park will take advantage of MERIT’s Active Adult Adventure Program Sacramento, CA - September 30, 2009 - (RealEstateRama) -- The Heritage Park Homeowners Association has selected MERIT, a leading provider of professional community association and rental management services, to manage their 965 single family active adult community located in North Natomas area of Sacramento, CA. MERIT will assist the board of directors with daily operations to provide quality service as well as add a new adventure program for active adults.

Kratovil Hosts Successful Foreclosure Prevention Seminar

Over 150 receive advice and assistance to prevent and protect against home foreclosures. September 30, 2009 - (RealEstateRama) -- Over the weekend Rep. Frank Kratovil hosted a successful foreclosure prevention seminar at Maces Lane Middle School in Cambridge, MD. The seminar featured presentations and counseling sessions sponsored by housing counselors, pro bono attorneys and representatives of major lenders. Attendees were given the opportunity to meet individually with counselors and discuss what options are available to help stay in their home. “First and foremost, this seminar was about giving people tools and making sure they are aware of the resources offered within the community to prevent and work through a home foreclosure crisis,” said Rep. Kratovil. “This workshop was designed to help distressed homeowners learn about their options before it’s too late, and I think it succeeded.”

Moran Announces Recovery Act Grant Awarded to Atwood Housing Authority

WASHINGTON, D.C. - September 30, 2009 - (RealEstateRama) -- Congressman Jerry Moran today announced Atwood Housing Authority received a U.S. Department of Housing and Urban Development (HUD) grant to address the needs of seniors and persons with disabilities. Recently, HUD awarded competitive grants to public housing authorities throughout the country to allow necessary improvements

Lake County to recognize Fire Prevention Week, Oct. 4-10

TAVARES, FL - September 30, 2009 - (RealEstateRama) -- As part of the Annual Fire Prevention Week (Oct. 4-10), the Lake County Department of Public Safety, Fire Rescue Division, is stepping up its public-education efforts to remind residents how to keep homes fire safe and prevent painful burns.

McMahon Calls for Extension of First Time Homebuyers Tax Credit

Staten Island, NY - September 28, 2009 - (RealEstateRama) -- Rep. Michael E. McMahon wants to extend the $8,000 first-time homebuyers tax credit which will expire by the end of November.

Bronx Pro Real Estate Management Celebrated Opening of 1085 Washington Avenue Apartments Providing Green...

New York, NY - September 29, 2009 - (RealEstateRama) -- Bronx Pro Real Estate Management today celebrated the opening of 1085 Washington Avenue Apartments, a new 90-unit affordable housing development that features numerous elements that help the building and its residents contribute to a greener, more sustainable New York City.

HUD Awards $5.4 Million in Recovery Funds to Portland, Vancouver & King County Housing...

WASHINGTON, DC - September 23, 2009 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Shaun Donovan today competitively awarded a total of $5,397,130 in Recovery Act funds to permit the Portland, Vancouver and King County housing authorities to make improvements that address the needs of seniors and persons with disabilities.

Oregon homeowners facing foreclosure have new rights

Salem, OR - September 28, 2009 - (RealEstateRama) -- Today a new law takes effect that strengthens the rights of Oregon homeowners who face foreclosure to help more families stay in their home during this difficult economic climate.

Attorney General Gansler Announces Judgment of More Than One Million Dollars in Restitution and...

BALTIMORE, MD - September 29, 2009 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City against brothers Michael K. Lewis and Earnest Lewis, Cheryl Brooke, In the House Technology, Inc., and Winston Thomas based on violations of Maryland’s law against foreclosure rescue scams. The Honorable Barry G. Williams issued an order that bars the Lewis brothers, Brooke, and Thomas from offering and selling services of any kind to a homeowner who is in default on a mortgage or is in foreclosure, and requires them to pay over a million dollars in restitution and penalties. The order also requires them to provide regular reports to the Division concerning their employment.

Frederick County Mobile Home Park Owner to Pay Penalty and Operators Convicted for Illegal...

BALTIMORE, MD - September 29, 2009 - (RealEstateRama) — Attorney General Douglas F. Gansler announced today that his Environmental Crimes Unit has reached a final settlement with Dr. S. K. Singh, owner of Concord Mobile Home Park, L.P. in Frederick County, to resolve allegations of illegal disposal of sewage. The final settlement includes [...]

Reps. Kratovil and Childers Introduce Tax Credit Extension for Homebuyers

Legislation will promote growth, stability in housing market. September 29, 2009 - (RealEstateRama) -- Reps. Frank Kratovil (D-MD) and Travis Childers (D-MS) have introduced important legislation to help families buy and sell homes and spur growth and stability in the American housing market. The Tax Credit Extension for Homebuyers with a Loss Deduction Incentive Act (H.R. 3640) will extend for one year the $8,000 home-buyer tax credit, expand the credit to all homebuyers purchasing a principal residence, and provide relief for individuals or families who are forced to sell their home at a loss.

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LOUISIANA HOUSING CORPORATION STRENGTHENS COMMITMENT TO COMMUNITY DEVELOPMENT THROUGH MAJOR REBRANDING

The Louisiana Housing Corporation (LHC) today announced a major rebranding to reflect the organization’s increased focus on community development and accessibility. LHC has a long history of providing access to safe, affordable housing through development and funding, but this new initiative strengthens its commitment to community development and accessible housing.