Idaho Department of Finance

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KETCHUM, ID - January 6, 2011 - (RealEstateRama) -- Vitus Development, together with the Ketchum Community Development Corporation (KCDC), announces the completion of Northwood Place, a 32-unit development providing affordable housing in Ketchum. All units at Northwood Place -12 one-bedroom, 14 two-bedroom, and six three-bedroom units - are rent and income restricted for households with incomes equal to or less than 60% of area median income. Additional sustainable features incorporated into the five separate garden style, wood-frame buildings will help ensure resident’s energy costs remain manageable.

BOISE, ID - March 22, 2010 - (RealEstateRama) -- Fair housing can be complex for housing professionals, service providers, and local communities. The Idaho Fair Housing Forum, in partnership with the Idaho Affordable Housing Management Association, will host a conference focusing on rights and responsibilities under the Fair Housing Act. “Fair Housing 2010 – More than a Black and White Issue,” will be held from 8:30 a.m. to 5 p.m. April 19 at the Doubletree Hotel Boise Riverside. Registration is required and begins at 8 a.m. A $10 registration fee includes lunch and conference materials.

BOISE, ID - December 21, 2009 - (RealEstateRama) -- Wells Fargo Foundation recently contributed $6,000 to the Finally Home!® Homebuyer Education Program administered by the Idaho Partners for Home Buyer Education, Inc. (IPHBE, Inc.). In total, Wells Fargo has contributed $100,000 to the program, $5,000 of which was dedicated to translation of the course textbook into Spanish.

Washington, D.C. - December 2, 2009 - (RealEstateRama) -- In these tough times, Idahoans deserve the chance to buy a home or attend college without having to worry about unfair marks from credit agencies.

December 2, 2009 - (RealEstateRama) -- Gavin Gee, director of the Idaho Department of Finance, today announced the signing of an updated agreement to cooperatively work with other state mortgage regulators in overseeing the activities of state-licensed mortgage companies operating across state lines

Washington, DC - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part of H.R. 3548, legislation that provides an extension of federal unemployment insurance benefits.

Boise, ID - October 27, 2009 - (RealEstateRama) -- The Idaho Department of Finance has filed a complaint in Ada County District Court against Sheila Lea Jones. Jones, owner of Vitruvian Investment Group, solicited investors to pool their money for investment into a real estate fund managed by Jones. The fund purportedly invested in short-term construction and development loans, as well as conventional real estate transactions including both commercial and residential loans. The defendant allegedly raised over $3.7 million from at least 40 investors and offered annual returns of 8 percent to 10.5 percent. The State’s complaint alleges violations of the anti-fraud provisions of the Idaho Securities Act and violations of the Idaho Financial Fraud Prevention Act. Vitruvian Investment Group filed for Chapter 7 bankruptcy protection in November 2008

Boise, ID - October 14, 2009 - (RealEstateRama) -- The Idaho Department of Finance announced today the issuance of a Cease and Desist Order against Meridian-based International Co-op LLC for engaging in unlicensed mortgage loan modification activities and for illegally charging distressed Idaho homeowners exorbitant upfront fees.