New York State’s Housing Finance Agencies Again Rank as the Country’s Largest Provider of...
New York, NY - February 2, 2010 - (RealEstateRama) -- New York State's housing finance agencies, for the third year in a row, led the country in financing multifamily and single-family affordable housing in 2009.
California Consultant Honored with Trina Ripley Excellence in Education Award
February 2, 2010 - (RealEstateRama) -- The National Association of Home Builders’ (NAHB) Institute of Residential Marketing (IRM) named Manny Schatz, MIRM, CMP, CAPS, CAASH, the 2009 recipient of the Trina Ripley Excellence in Education Award. The award was presented to Schatz, principal of a builder consulting firm Professional Builder Services, Inc. in Danville, Calif., at The National Sales and Marketing Awards Gala held during the International Builders’ Show in Las Vegas on Jan. 19.
Conference to Focus on Housing Matters
BISMARCK, ND - February 2, 2010 - (RealEstateRama) -- The 19th Annual Statewide Housing Conference, “Housing Matters,” will be held Feb. 23-24, 2010, at the Ramkota Hotel in Bismarck.
MPSC: Home Heating Credits Now Being Processed
February 2, 2010 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) today noted that the Michigan Department of Treasury is now processing Michigan Home Heating Credits (HHC) for the 2009 tax year. The credit assists low-income customers with winter energy bills
Community Leaders Join Girl Scouts in Dedicating First LEED Platinum Building in Delaware
NEWARK, DE - February 2, 2010 - (RealEstateRama) -- The Girl Scouts of the Chesapeake Bay Council, Inc. (GSCBC), was joined by civic and community leaders today in dedicating the Council’s Science and Technology Lodge in honor of former Council Board President and lifelong environmental advocate Lynn W. Williams.
$8,500 contributed to Finally Home! Homebuyer Education
BOISE, ID - February 2, 2010 - (RealEstateRama) -- US Bancorp Foundation recently contributed $8,500 to the Finally Home!® Homebuyer Education Program administered by the Idaho Partners for Home Buyer Education, Inc. (IPHBE, Inc.). US Bancorp has contributed on an annual basis since the program’s inception.
CT REIA Monthly Meeting with Andy Heller: Buy Low, Rent Smart, Sell High
February 2, 2010 - (RealEstateRama) -- What makes the... "Buy Low, Rent Smart, Sell High" strategy so attractive today is that, unlike many models, the investor's profits are not dependent on real estate appreciation. In fact, real estate appreciation is just one of six profit sources in the "Buy Low, Rent Smart, Sell High" strategy.
Udall, Bennet Congratulate Denver City Councilman Rick Garcia on Appointment to Regional HUD Post
Washington, D.C. - February 1, 2010 - (RealEstateRama) -- Today, U.S. Senators Mark Udall and Michael Bennet congratulated Denver City Councilman Rick Garcia on his appointment by the Obama Administration to serve as the U.S. Department of Housing and Urban Development's Region VIII Director. Senators Udall and Bennet recommended Garcia for the position, based on his longstanding advocacy on behalf of Colorado residents and his distinguished background in public policy and economic development. In the position, Garcia will oversee fair and affordable housing initiatives in Colorado and five other western states.
Cleveland Area Board of REALTORS (CABOR) Names Cystic Fibrosis Foundation as its Official 2010...
Cleveland, OH - February 1, 2010 - (RealEstateRama) -- Continuing a long-standing tradition for philanthropic giving, the newly instated Chairman of the Board of Directors for the Cleveland Area Board of REALTORS (CABOR), George J. Pofok, CCIM, SIOR, has selected the Cystic Fibrosis Foundation Northern Ohio Chapter as the official 2010 CABOR charity.
The Fitzgerald at UB Midtown to Become Baltimore’s Largest LEED Certified Residential Development
Mixed-Use Apartment Community Expected to Achieve LEED Certification. Greenbelt, MD - February 1, 2010 - (RealEstateRama) -- The Bozzuto Group today announced The Fitzgerald at UB Midtown is on track to become the most sizeable LEED certified apartment community in the Baltimore area.
METROPOLITAN REALTY EXTENDS MORTGAGE ON SUNRISE BUSINESS CENTER IN GREAT RIVER
JERICHO, NY - February 1, 2010 - (RealEstateRama) -- Despite a tight lending market, Metropolitan Realty Associates, the owner of the Sunrise Business Center in Great River, and its equity partner Angelo, Gordon & Co., LP. have successfully negotiated an extension of their mortgage on the 388,500-square-foot Class A office complex, President Joseph A. Farkas announced today.
Top-Producing Realtor Ronnie Hinton Makes the Switch to Prudential Georgia Realty
Atlanta, GA - February 1, 2010 - (RealEstateRama) -- Prudential Georgia Realty is proud to announce the latest experienced agent team to join its sales team. Award-winning Realtor Ronnie Hinton and his team, known as Ronnie Hinton & Associates, are the latest to join Prudential Georgia Realty’s Midtown office, located on Peachtree Street a few blocks from the High Museum.
Schumer, Gillibrand, Nadler Seek HUD Mortgage Assistance To Help Keep St. Vincent’s Doors Open
New York, NY - February 1, 2010 - (RealEstateRama) -- With St. Vincent’s Hospital on the brink of bankruptcy, U.S. Senators Chuck Schumer and Kirsten Gillibrand and Congressman Jerrold Nadler (D-Manhattan) urged the U.S. Department of Housing and Urban Development (HUD) to help the only Level-1 trauma center serving neighborhoods from Midtown to Downtown stave off closure.
Congressman Dent Announces Grant for Allentown Project for the Homeless: New Bethany Ministries to...
Bethlehem, PA - February 1, 2010 - (RealEstateRama) -- Congressman Charlie Dent (PA-15) announced today that the Federal Home Loan Bank of Pittsburgh (FHLBank) is making a $250,000 grant to a Bethlehem-based nonprofit so it can complete work on the renovation of a property in Downtown Allentown and expand its outreach to the chronically homeless.
Grubb & Ellis Apartment REIT Enters Agreement to Acquire Bella Ruscello Luxury Apartment Homes...
DALLAS, TX - January 27, 2010 - (RealEstateRama) -- Grubb & Ellis Apartment REIT, Inc. today announced that it has entered into an agreement to acquire Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community located in the Dallas suburb of Duncanville.
EastGroup Properties Acquires Three Building Complex in San Diego for $17 Million
Jackson, MS - January 29, 2010 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) today announced the acquisition of the Ocean View Corporate Center in San Diego, California for a purchase price of $17,000,000. Located in the Otay Mesa submarket, Ocean View contains 274,000 square feet in three, multi-tenant business distribution industrial buildings. Constructed in 2005, the complex is presently 87% leased to 14 customers. Ocean View is projected to generate an annualized yield of 9.6% at its current occupancy and rents.
NYS Affordable Housing Corporation and SONYMA Approve $38.9 Million in Funding to Preserve 296...
NEW YORK, NY - January 28, 2010 - (RealEstateRama) -- The boards of the New York State Affordable Housing Corporation (AHC) and the State of New York Mortgage Agency (SONYMA) today approved $38.9 million in grants and mortgage insurance commitments to preserve 296 units of housing in New York State.
FHA and Ginnie Mae take action against TopDot Mortgage
WASHINGTON, DC - January 25, 2010 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today immediately and permanently withdrew the FHA approval of Premium Capital Funding, LLC, a Jericho, New York-based lender doing business as TopDot Mortgage.
Former Mortgage Broker Sentenced for Felony Theft
BALTIMORE, MD - January 29, 2010 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that David Young Park, 43, the former president of Capital City Financial Group in Ellicott City, entered a plea of guilty to one count of felony theft in Baltimore County Circuit Court. Judge John J. Nagel, III sentenced Park to five years in jail with all but 18 months suspended. Park was also ordered to complete five years of supervised probation and make restitution to the victim in the amount of $116,556.
Homeless to be Counted throughout State
A statewide count of homeless Kentuckians of all ages living in shelters, on the streets, and other places not meant for human habitation is being coordinated by Kentucky Housing Corporation. The count will also include precariously housed Kentuckians, defined as people living in substandard housing conditions, doubled- or tripled-up with family and friends, or expecting eviction within seven days.
Kentucky Afield Outdoors: Make Your Property Less Attractive To Bears, Nuisance Wildlife
January 29, 2010 - (RealEstateRama) -- Southeastern Kentucky’s black bears are in their dens for the winter. Now is the perfect time for area residents to bear-proof their property before bears re-emerge in spring.
Titus Statement on 4th Quarter GDP Increase
Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
Application Process for Appliance Rebate Program Now Closed
Voucher Requests Exceed Funding Available; Applications No Longer
Accepted. Topeka, KS - January 29, 2010 - (RealEstateRama) -- Kansas Housing Resources Corporation (KHRC) has committed approximately $2.7 million in funding for the State Energy Efficient Appliance Replacement Program (SEEARP). As of today, voucher requests received by KHRC exceed funding available. Because of that, new applications for SEEARP can no longer be accepted
Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against...
CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
METRO COMMERCIAL SELECTED TO MARKET SURPLUS GIANT FOOD STORES
CONSHOHOCKEN, PA - January 29, 2010 - (RealEstateRama) -- Metro Commercial announced today that they have been selected by GIANT Food Stores to sublease five of their surplus locations in Pennsylvania. The Giant-Carlisle Division of Ahold USA, headquartered in Carlisle, Pennsylvania, is a leading supermarket chain in Pennsylvania, Virginia, Maryland and West Virginia with grocery stores operating under the names of GIANT Food Stores and MARTIN'S Food Markets.
New Hampshire Housing Finances Projects in Bow and Tilton
BEDFORD, N.H. - January 28, 2010 - (RealEstateRama) -- At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved funding for two rental housing projects: Bow Highlands in Bow and Lochmere Meadows in Tilton.
Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage...
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
Four Hunterdon County farms to be sold at auction
Westfield, MA - January 29, 2010 - (RealEstateRama) -- Four preserved farms in New Jersey ranging in size from 29 to 84 acres will be sold at auction next month. Max Spann Real Estate & Auction Co., a national auctioneer of elite properties, has scheduled an auction at 1 p.m. on Feb. 26 at the Readington Municipal Building, 599 Route 523, Whitehouse Station, N.J.
State of New York Mortgage Agency Approves $37.5 million Insurance
NEW YORK, NY - January 28, 2010 - (RealEstateRama) -- The board of the State of New York Mortgage Agency (SONYMA) today approved a commitment to insure a $37.5 million mortgage on a 144-unit apartment building in Brooklyn that was originally built to be sold as condominium units.
