Blog Page 1152

More than $17.8 million in stimulus funding awarded to Missouri for community development projects

September 22, 2009 - (RealEstateRama) -- U.S. Senator Claire McCaskill announced today that state of Missouri and 17 communities have been awarded a total of $17,819,557 in federal grant money through the Department of Housing and Urban Development’s (HUD) Community Development Block Grant Program (CDBG). The money was made available through the American Recovery and Reinvestment Act of 2009. The CDBG program helps states and local governments to undertake a wide range of activities intended to create suitable living environments, provide affordable housing and create economic opportunities.

Kildee Announces Nearly $1.7 in HUD Grants for Saginaw

Grants Will Help Revitalize Neighborhoods, Create Jobs and Combat Homelessness WASHINGTON, D.C. - September 23, 2009 - (RealEstateRama) -- Congressman Dale E. Kildee (D-MI) today announced that $1,690,524 in stimulus funding has been awarded to Saginaw through the American Recovery and Reinvestment Act (ARRA). This legislation passed the House of Representatives on February 13, 2009 with Congressman Kildee’s strong support and became law on February 17, 2009. Of this funding, $1,022,177 is being made available through the Homeless Prevention and Rapid Re-housing (HPRP) Program, and $668,347 of this funding is through the Community Development Block Grant (CDBG) Program.

DCA & HMFA Break Ground, Announce Opening of Affordable Housing Projects in Franklin Township

FRANKLIN TWP., NJ - September 18, 2009 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Acting Commissioner Charles A. Richman and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia today joined local officials to break ground on Franklin Boulevard Commons

EBS acquired its 63rd property with the closing of Advantage Storage in Rockwall, Texas

Dallas, TX - September 17, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that they have purchased Advantage Storage in Rockwall, TX.

SENATORS SNOWE, COLLINS ANNOUNCE $876,120 IN HOMELESSNESS PREVENTION FUNDING FOR PORTLAND

September 23, 2009 - (RealEstateRama) -- U.S. Senator Olympia J. Snowe and U.S. Senator Susan Collins today announced that the U.S. Department of Housing and Urban Development has awarded $876,120 in homelessness prevention grant funding to the City of Portland. The funding will be used to help re-house families who have fallen into homelessness in Maine.The funding is being distributed through the American Recovery and Reinvestment Act of 2009. Senators Snowe and Collins worked with a bipartisan group of senators to craft the legislation that became law in February

Bayh Announces $9 Million in Grants for Community Development in Indiana

Washington, DC - September 23, 2009 - (RealEstateRama) -- Senator Evan Bayh today announced that Indiana will receive more than $9 million in grants from the U.S. Department of Housing and Urban Development (HUD) to expand affordable housing and improve local communities. The funds were awarded through the American Recovery and Reinvestment Act as part of the Community Development Block Grant (CDBG) program.

Hare Announces $306,026 in Recovery Act Funds for Community Development Block Grants in Rock...

September 23, 2009 - (RealEstateRama) -- Congressman Phil Hare (D-IL) today announced that the U.S. Department of Housing and Urban Development has awarded the city of Rock Island $306,026 from the American Recovery and Reinvestment Act though the Community Development Block Grant (CDBG) program.

Hare Announces Over $1 Million in Recovery Act Funds to Prevent Homelessness in Decatur,...

September 23, 2009 - (RealEstateRama) -- Congressman Phil Hare (D-IL) today announced that the U.S. Department of Housing and Urban Development has awarded Decatur $623,309 and Springfield $516,191 from the American Recovery and Reinvestment Act through the new Homeless Prevention and Rapid Re-housing Program (HPRP).These grants offer communities a resource to provide short- and medium-term rental assistance and services to prevent individuals and families from becoming homeless or to quickly re-house those who are experiencing homelessness.

California Receives Largest State HPRP Funding Allocation in the United States

September 22, 2009 - (RealEstateRama) — Governor Arnold Schwarzenegger today announced that the California Department of Housing and Community Development (HCD) awarded $42.7 million in American Recovery and Reinvestment Act (Recovery Act) funding from the federal Homeless Prevention and Rapid Re-Housing Program (HPRP) to 31 agencies and local governments in California. The funding is federally [...]

Several Arizona Communities to Receive CDBG Grants through Recovery Act

Washington, D.C. - September 23, 2009 - (RealEstateRama) -- Congressman Raúl M. Grijalva is pleased to announce that several communities in Congressional District 7 have been awarded grants from the U.S. Department of Housing and Urban Development (HUD) for public housing under the American Reinvestment and Recovery Act (ARRA)

Homebuyers Offered Homeownership Assistance Information Session in Spanish

September 23, 2009 - (RealEstateRama) -- Potential homebuyers may qualify for $15,000 in down payment and closing cost assistance to help buy a foreclosed single family home, townhouse or condominium in the city of Phoenix

Melinda Katz Endorses David Yassky for Comptroller

New York, NY - September 18, 2009 - (RealEstateRama) -- Council Member and former candidate for Comptroller Melinda Katz today endorsed Council Member David Yassky for New York City Comptroller.

DCA & HMFA Welcome Cherry Hill to Live Where You Work Homebuyer Program

CHERRY HILL TWP., N.J. - September 15, 2009 - (RealEstateRama) -- Cherry Hill Township Mayor Bernie Platt today joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia at the Township Municipal Building, 820 Mercer Street, to announce that Cherry Hill is the newest member of the Live Where You Work Program.

Rep. Kratovil to Host Foreclosure Prevention Workshop

September 22, 2009 - (RealEstateRama) -- U.S. Rep. Frank Kratovil will be hosting a foreclosure prevention workshop this Saturday afternoon at Maces Lane Middle School in Cambridge, MD. The workshop is open to any residents of Maryland’s First Congressional District currently facing or at risk of facing foreclosure. Counselors and representatives of major lenders will be on hand to meet with attendees individually to discuss what options are available to help homeowners stay in their home.

Manteca Mother-Daughter Real Estate Team Arrested in Estimated $5 Million Mortgage Fraud Scam

SACRAMENTO, CA - September 22, 2009 - (RealEstateRama) -- United States Attorney Lawrence G. Brown announced today that a criminal complaint was filed this morning charging IRENE SOTIRIADIS, 23, and HELEN SOTIRIADIS, 49, both of Manteca, with conducting a mortgage fraud scheme from March 2006 through November 2007 that caused losses to lenders estimated at approximately $5 million. Arrest warrants were issued Sunday afternoon by United States Magistrate Judge Gregory G. Hollows after a special agent of the FBI received information that the two suspects may have been intending to flee to Greece.

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

Atlanta, GA - September 22, 2009 - (RealEstateRama) -- On September 21, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Atlanta Home Modification Services, LLC d/b/a Atlanta Home Mods located at 1588 Atkinson Road, Suite 106, Lawrenceville, Georgia, 30043 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Atlanta Home Modification Services, LLC d/b/a Atlanta Home Mods engaged in residential mortgage brokering activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Governor Bobby Jindal Announces Appointments to the Life Safety and Property Protection Advisory Board

BATON ROUGE, LA - September 22, 2009 - (RealEstateRama) -- Governor Bobby Jindal announced appointments to the Life Safety and Property Protection Advisory Board. The Louisiana Life Safety and Property Protection Advisory Board shall advise the state fire marshal in matters relating to the regulation of the certifying, inspecting, installation, integrating, selling, and servicing of life safety and property protection systems and equipment and to prohibit the use of life safety and property protection systems and equipment which are not properly labeled in accordance with the rules adopted by the state fire marshal in the interest of safeguarding lives and property.

$4 Million Community Foundation Loan to Spur Affordable Rental Housing in Palm Beach and...

Loan to Florida Community Loan Fund is one of the largest of its type among community foundations. ORLANDO, FL - September 22, 2009 - (RealEstateRama) -- In response to the growing need for affordable rental housing, the Community Foundation for Palm Beach and Martin Counties http://www.yourcommunityfoundation.org announced today an unprecedented $4 million low-interest loan to the Florida Community Loan Fund (FCLF) http://www.fclf.org/ , a nonprofit statewide lending institution. This investment in affordable housing is one of the largest ever made nationwide by a community foundation to a Community Development Finance Institution[i]. The announcement took place at the Florida Housing Coalition's statewide affordable housing conference in Orlando.

Representative Fudge To Host Foreclosure Prevention Clinic

CLEVELAND, OH - September 21, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) will host a free foreclosure prevention clinic at the Five Pointe Community Center on Tuesday, September 22.

Nye Announces Plan to Help Military Families Access More Affordable Housing Options

Virginia Beach, VA - September 21, 2009 - (RealEstateRama) -- Many military families in Hampton Roads, and across the country, could have more affordable housing options under a new proposal from Congressman Glenn Nye (VA-02).

Gillibrand Unveils New Effort to Provide Property Tax Relief fpr Rochester/Finger Lakes Region

Rochester, NY - September 18, 2009 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand today unveiled a new effort to provide property tax relief to thousands of middle-class families in the Rochester/Finger Lakes Region.

U.S. Green Building Council to Hold LEED Workshop in Loudoun

Leesburg, VA - September 16, 2009 - (RealEstateRama) -- The Loudoun County Department of Construction & Waste Management is sponsoring a workshop by the U.S. Green Building Council on "LEED Core Concepts & Strategies," Monday, September 28, 2009, from 8:30 a.m. to 5:00 p.m., at the Loudoun County Fire & Rescue Training Center, Auditorium 1 in the Main Building, 16600 Courage Court, Leesburg.

Gregg And Shaheen Announce Senate Approval Of $1 Million For Squamscott Community Commons

WASHINGTON, DC - September 17, 2009 - (RealEstateRama) -- U.S. Senators Judd Gregg and Jeanne Shaheen today announced that the Senate has approved $1 million for Squamscott Community Commons in Exeter.

Vacant Lot in Bed-Stuy Revitalized with Affordable Housing

Albany, NY - September 17, 2009 - (RealEstateRama) -- DHCR Commissioner Deborah VanAmerongen recently joined elected officials and community leaders at 1825 Atlantic Avenue in Brooklyn's Bedford-Stuyvesant neighborhood to celebrate the opening of Atlantic Avenue Apartments.

Public input sought at housing opportunity meetings

Salem, OR - September 16, 2009 - (RealEstateRama) -- Starting next week, Oregonians will have a chance to help shape how Oregon Housing and Community Services implements funding received from House Bill 2436 at public forums held throughout the state.

“nyhomes” Announces “Day 1″–A Credit Enhancement Program for Housing Preservation Developments

NEW YORK, NY - September 15, 2009 - (RealEstateRama) -- "nyhomes," New York State's affordable housing lender, today announced "Day 1"--a new program to offer credit enhancement on construction loans that finance renovations of affordable multifamily properties.

Tax Credits Awarded for Affordable Housing Development

BISMARCK, ND - September 18, 2009 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.7 million in Low Income Housing Tax Credits (LIHTC) to support construction or rehabilitation of 266 housing units.

OHFA Board approves funding to assist with affordable housing developments

COLUMBUS, OH - September 16, 2009 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today approved the issuance of up to $16 million in Multifamily Mortgage Revenue Bonds.

Rise in foreclosure scams calls for national crackdown, says AG Cooper

Washington, DC - September 17, 2009 - (RealEstateRama) -- Foreclosure rescue scams are pushing more struggling homeowners deeper into debt, and state and federal law enforcement must work together to stop them, Attorney General Roy Cooper told officials in Washington on Thursday.

HUD announces $18.7 million for affordable housing and community development in Texas

FORT WORTH, TX - September 9, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Denison, El Paso, Fort Bend County, Longview and Tyler will receive a total of $18,781,606 to support community development and produce more affordable housing.

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