Monthly Archives: June 2010

MEMPHIS, TN - June 3, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Assistant Secretary Raphael Bostic was at Cleaborn Homes in Memphis today to announce the Memphis Housing Authority will receive a $22 million HUD HOPE VI Revitalization grant to transform the Cleaborn Homes public housing development into a mixed-income community. The housing authority developed a highly successful revitalization plan, including effectively incorporating early childhood education programs - a priority for the Obama Administration.

June 3, 2010 - (RealEstateRama) -- Congressman Roscoe Bartlett invites you to attend the 2nd Annual Go Green Energy Conference on Monday June 7th at the Frederick Fairgrounds in Frederick, Maryland. The Go Green Conference is a free educational community service event to discover practical ways to save money, use less energy, be better stewards of our environment and go green on any size budget. The Go Green Conference from 10am – 3pm on Monday, June 7th is FREE to attend and includes FREE parking. Come for lunch or come for the day, either way, it’s free to attend. Please forward this notice to others you think might be interested in attending

June 3, 2010 - (RealEstateRama) -- County Executive Isiah Leggett today joined County Council President Nancy Floreen, Maryland Department of Housing and Community Development Deputy Secretary Clarence Snuggs, and federal and local housing officials to tour a formerly vacant foreclosed property that is now available for rental through the Housing Opportunities Commission. The acquisition and renovation of this house, as well as 15 others in Germantown and Wheaton, is part of a $7.1 million effort made possible by funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program, the Maryland Department of Housing and Community Development’s Neighborhood Conservation Initiative and a HUD Community Development Block Grant

BETHLEHEM, WEST BANK - June 3, 2010 - (RealEstateRama) -- Palestinian President Mahmoud Abbas today launched a landmark $500 million mortgage finance program that will double the number of Palestinian families who are able to purchase homes by offering long-term mortgages that will enable them to enjoy the benefits of home ownership without excessively burdening their monthly incomes

San Antonio, TX - June 3, 2010 - (RealEstateRama) -- USAA Real Estate Company, through a co-investment joint venture, announces the acquisition of Wampanoag Plaza, a 225,610 square foot shopping center in East Providence, Rhode Island. New York-based Emmes Asset Management Company sold the property to the joint venture entity on May 28, 2010 for an undisclosed sum

June 3, 2010 - (RealEstateRama) -- On May 28th, USAA Real Estate Company acquired The Mondrian at CityPlace, a transit oriented Class-A mixed-use property located in the Uptown neighborhood of Dallas, Texas, from ZOM Cityplace, L.P. The purchase price of the property was not disclosed.

McLean, VA - June 3, 2010 - (RealEstateRama) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.79 percent with an average 0.8 point for the week ending June 3, 2010, up slightly from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.29 percent.

Marketing Agreement Provides Realogy Brands with Access to Global Channel of Vacation Home. Buyers and Sellers and Broadens Selection of Vacation Home Inventory on HomeAwayRealEstate.com. AUSTIN, TX - June 2, 2010 - (RealEstateRama) -- HomeAway® Real Estate, the exclusive real estate arm of HomeAway, Inc. and the only online marketplace dedicated to buying and selling vacation homes with rental potential, today announced a marketing agreement with Realogy Corporation, a global provider of real estate and relocation services.

EUGENE, OR - June 2, 2010 - (RealEstateRama) -- Box Realty, Inc. and IDX, Inc. have joined forces to give residents of Charlotte, North Carolina the best online home search experience on the web. As a member of the Carolina MLS (CMLS), broker Chris Allen is able to provide his clients access to the thousands of CMLS listings from the convenience of Allen's website. The IDX technology utilized on Allen's website gives home seekers the unique ability to search all area homes to find the right property for them.

EUGENE, OR - June 2, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce the addition of Bicoastal Realty and Theo Glorie to the growing network of agents and brokers updating their real estate websites with the innovative IDX Broker software. This tool allows agents like Glorie to display Florida Keys MLS (FLKMLS) listings directly on his website, with simplicity never before found during the online home search process. Internet Data Exchange (IDX) technology extracts FLKMLS raw listing data and integrates it with Bicoastal Realty listings to give Glorie's clients the most comprehensive home search available on the web

Atlanta, GA - June 2, 2010 - (RealEstateRama) -- Prudential Georgia Realty has added dozens of experienced agents to itssales team in recent weeks. The latest is Realtor Rachel Patel, who is basedout of Prudential’s new Buckhead office, located on 3221 Peachtree Road, just south of the Peachtree and Piedmont Road intersection.

June 2, 2010 - (RealEstateRama) -- Learn about fair housing practices and laws at a free workshop from 9 a.m. to 12 p.m. Friday, June 11, at Phoenix City Hall, 200 W. Washington St., assembly room D.

Washington, DC - June 2, 2010 - (RealEstateRama) -- U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Vic Snyder (AR-02) today announced that the North Little Rock Housing Authority will receive a $96,564 grant from the U.S. Department of Housing and Urban Development (HUD) to help local veterans secure affordable housing

Washington, DC - June 2, 2010 - (RealEstateRama) -- Congresswoman Rosa L. DeLauro (CT-3) announced today that the Waterbury and West Haven Housing Authorities have been awarded HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers. The Waterbury Housing Authority will receive $188,526, and the West Haven Housing Authority will receive $196,470, part of $58,627,081 in housing support for homeless veterans being awarded nationwide

Washington, D.C. - June 2, 2010 - (RealEstateRama) -- Earlier today,Congressman Bill Shuster joined local civic leaders in a ribbon cutting ceremony to mark the successful completion of renovations to the Emerald Estates housing development in Gallitzin.

Congressman Roscoe Bartlett is hosting the Second Go Green Energy Conference on Monday, June 7 from 10:00 am – 3:00 pm at the e-ventplex at the Frederick Fairgrounds in Frederick, Maryland. The Go Green Energy Conference is a free community service event designed for homeowners, farmers and small business owners to discover practical ways that you can save money, use less energy and go green on any size budget. This year will be bigger and better than the inaugural Go Green Energy Conference in 2009 that was attended by more than 1,000 people. Come see more than 120 indoor and outdoor exhibitors and learn tips from experts in breakout sessions. Congressman Bartlett, Senator Ben Cardin, Director of the Maryland Energy Administration (MEA) Malcolm Woolf, and Frederick Mayor Randy McClement highlight keynote addresses among more than 30 speakers. Go Green 2010 has MORE exhibit space and is still FREE to Exhibit and FREE to Attend with FREE PARKING! Food and beverages will be for sale by two community non-profit organizations raising money for education activities. The Go Green Energy Conference is sponsored by the e-ventplex at the Frederick Fairgrounds, Frederick County Office of Economic Development, Frederick City Department of Economic Development, Washington County Economic Development Commission and the Carroll County Department of Economic Development. Please forward this notice to others you think might be interested in attending

WALTHAM, MA - June 2, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in May were down 3.0 percent over the same time last year, while condominiums were down 6.0 percent. May is the first month since July 2009 that the number of both single-family homes and condominiums put under agreement has decreased compared to the year before.

Salem, OR - June 1, 2010 - (RealEstateRama) -- Oregon Housing and Community Services (OHCS) submitted a proposal for review to U.S. Treasury today that outlines its plan for disbursing $88 million in foreclosure assistance funds

Joint Design Fellowship will support sustainable reconstruction efforts in Haiti. June 2, 2010 - (RealEstateRama) -- American Institute of Architects (AIA) have announced their support of an Architecture for Humanity Design Fellow, which will help play a critical role rebuilding the infrastructure that was demolished in the devastating earthquake in Haiti. The qualified design professional selected will make a two-year commitment to work directly with community members on the ground in Architecture for Humanity’s Rebuilding Center based in Port-au-Prince, Haiti.

NORFOLK, VA - June 2, 2010 - (RealEstateRama) -- ForRent.com, a leading apartment search website and a division of Dominion Enterprises, has announced the launch of its new, exclusive partnership with Chicago.com.

McLean, VA - June 2, 2010 - (RealEstateRama) -- Freddie Mac (NYSE: FRE) is making more financing products eligible for its multifamily Capital Markets ExecutionSM (CME). Seniors housing mortgages and conventional structured finance transactions are now eligible for securitization into K Certificates, multifamily mortgage-backed securities.

Qualified Homeowners Who Are Severely Underwater May Earn Forgiveness of Some Principal Over Three or Five Years. CALABASAS, CA - June 2, 2010 - (RealEstateRama) -- Bank of America has begun implementation of an earned principal forgiveness approach to modifying certain loans eligible for its National Homeownership Retention Program (NHRP). The plan is being offered to homeowners who owe considerably more on their loan than the current value of their home, when the loan is being considered for modification through the government’s Home Affordable Modification Program

Washington, DC - June 1, 2010 - (RealEstateRama) -- Senators Kent Conrad and Byron Dorgan and Congressman Earl Pomeroy today announced that a $118,707 federal grant has been awarded to the Grand Forks Housing Authority to support housing programs for North Dakota veterans.

TRENTON - June 2, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan joined elected officials in Trenton and Jersey City, N.J. today to announce that both cities’ public housing authorities will receive a HUD HOPE VI Revitalization grant to transform distressed public housing developments into mixed-income communities. The Housing Authority of the City of Trenton will receive $22 million to revitalize Miller Homes and the Housing Authority of the City of Jersey City will receive $9.7 million to revitalize the A. Harry Moore public housing development. Each applicant developed highly successful revitalization plans, including effectively incorporating early childhood education programs – a priority for the Obama Administration.

Providence, RI - June 2, 2010 - (RealEstateRama) -- Thousands of Rhode Islanders who are struggling to keep their homes will be eligible for financial help from the U.S. Treasury by early autumn of this year.

WASHINGTON, DC - June 2, 2010 - (RealEstateRama) -- Matthew M. Berger has been named Vice President of Tax for the National Multi Housing Council (NMHC). Berger will have principal responsibility for federal tax legislation as part of the Joint Legislative Program of NMHC and the National Apartment Association (NAA)

Washington, DC - June 2, 2010 - (RealEstateRama) -- Today NeighborWorks America announced a series of consumer outreach efforts to support affordable, sustainable and healthy homes and communities during the 2010 National Homeownership Month.

Washington, DC - June 2, 2010 - (RealEstateRama) -- Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors

Washington, DC - June 2, 2010 - (RealEstateRama) -- Over the past decade the real estate industry has seen dramatic changes in market conditions, technology and the overall economy. Realtors® who got their start in the business during the boom but who have remained successful through lean times share an ability to adapt and work hard – as well as an abiding sense of optimism

MEMPHIS, TN - June 2, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Assistant Secretary Raphael Bostic was at Cleaborn Homes in Memphis today to announce the Memphis Housing Authority will receive a $22 million HUD HOPE VI Revitalization grant to transform the Cleaborn Homes public housing development into a mixed-income community.