Monthly Archives: December 2009

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved more than $3.5 million in grants to finance the construction and renovation of 276 affordable housing units throughout New York State.

Raleigh, NC - December 5, 2009 - (RealEstateRama) -- A Kannapolis foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday.

Raleigh, NC - December 5, 2009 - (RealEstateRama) -- A Kannapolis foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday.

Washington, D.C. - December 3, 2009 - (RealEstateRama) -- Today U.S. Senator Charles E. Schumer announced that he is pushing legislation to help provide more affordable housing options for military service members.

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

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

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.

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.

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

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

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

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

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.