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DCA & HMFA Welcome Asbury Park to ‘Live Where You Work’ Homebuyer Program

ASBURY PARK, NJ - December 14, 2009 - (RealEstateRama) -- Asbury Park Mayor Ed Johnson today joined representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA) at City Hall, One Municipal Plaza, to announce that the City is the newest member of the Live Where You Work program. Asbury Park is the 25th municipality to partner with the HMFA on this workforce housing initiative.

NYCEDC Receives 29 Responses From Private Sector For Willets Point Redevelopment Project

New York, NY - December 11, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced that it has received 29 responses to its Request for Qualifications for developers or teams of developers interested in redeveloping the 62-acre Willets Point District.

Skelton Defends Home Town Banks and Their Customers

WASHINGTON, D.C. - December 14, 2009 - (RealEstateRama) -- Today, Congressman Ike Skelton (D-Mo.) submitted the following statement in the U.S. House of Representatives during debate of H.R. 4173, The Wall Street Reform and Consumer Protection Act. Discussing his vote against the measure, Congressman Skelton stated

Ros-Lehtinen Opposes Tax Increases In Tax Extenders Legislation; Says Bill Would Badly Hurt The...

Washington, DC - December 14, 2009 - (RealEstateRama) -- Congresswoman Ileana Ros-Lehtinen, a senior member of the Florida Congressional Delegation, voted against the tax increases in the Tax Extenders Act of 2009, as these increases would harm the already-stressed commercial real estate market. The legislation includes a $24.6 billion permanent tax increase on investments in the midst of a recession

Klein Supports Landmark Reform to Protect Consumers; End “Too Big To Fail”

Washington, D.C. - December 14, 2009 - (RealEstateRama) -- Congressman Ron Klein (FL-22) today joined a majority of his House colleagues to pass a landmark piece of legislation to reform our financial system and protect consumers across the country. This bill, the Wall Street Reform and Consumer Protection Act (H.R.4173), will prevent the irresponsible actions that contributed to the financial crisis last fall. This legislation restores real oversight to Wall Street through smart regulation and protects consumers by ensuring that the terms of bank loans, mortgages, and credit cards are fair, clearly written and easy to understand. Also, it helps make sure that American taxpayers will never again have to bail out Wall Street banks by putting an end to “too big to fail” financial firms.

Matsui Anti-Foreclosure Amendment Adopted Into Wall Street Reform Act

Fights to Keep American Families in Their Homes. WASHINGTON, DC – The House of Representatives passed an amendment offered by Congresswoman Doris Matsui (D–California) to the Wall Street Reform and Consumer Protection Act (H.R. 4173) yesterday, which requires mortgage servicers or lenders participating in the Making Home Affordable Program to publicly report their progress in helping responsible homeowners stay in their homes. The amendment was introduced by Congresswoman Matsui with Rep. Betty Sutton (D–Ohio) and Rep. Kathy Castor (D–Florida), and debated on the House floor. Passage of H.R. 4173 is expected today.

$4 Billion In TARP Funds To Help With Foreclosures

WASHINGTON, DC - December 14, 2009 - (RealEstateRama) -- Congress took significant action to reform the nation’s financial system today with the passage of The Wall Street Reform and Consumer Protection Act. Passed with Congressman Cardoza’s support, the bill also includes provisions he requested that take aim at the nation’s continuing foreclosure crisis.

Titus: Financial Reform Will Protect Consumers by Reigning in Wall Street Banks and Streamlining...

Washington, D.C. - December 11, 2009 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada’s Third District voted today for critical financial regulatory reform that will help ensure that the financial crisis leading to the worst economic recession since the Great Depression will not happen again.

Titus Amendment to Financial Reform Will Protect Nevada Seniors from Predatory Mortgage Agreements

Washington, D.C. - December 10, 2009 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada joined with Congresswoman Jan Schakowsky of Illinois to introduce an amendment to the Wall Street Reform and Consumer Protection Act of 2009 that will help protect seniors from predatory practices by lending agencies

Ruppersberger to Speak at St. John Properties “Double” Groundbreaking for Raytheon and L-3 at...

Aberdeen, MD - December 11, 2009 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) will join executives from St. John Properties Inc., as well as business leaders and local elected officials at the groundbreaking of two commercial office buildings that will be leased to top defense contractors within Aberdeen Proving Ground. In a unique agreement known as an enhanced use lease, St. John Properties will lease land directly from the Army for “The GATE” development project and 100 percent of the lease payments will go directly to the post for infrastructure and facility improvements.

Kentucky Housing Corporation Board of Directors to Meet

December 11, 2009 - (RealEstateRama) -- The Kentucky Housing Corporation Board of Directors will meet Thursday, December 10, 2009, 10 a.m., Eastern time, 1231 Louisville Road, Frankfort, Kentucky. A copy of the agenda for the meeting accompanies this notice.

Quigley Hears Constituent Horror Stories, Drafts Measure Demanding Honesty from Mortgage Lenders

Amendment to Wall Street reform bill will shine light on loan modification process, help working families get straight answers, and prohibit egregious delay tactics or non-disclosure. WASHINGTON, DC - December 10, 2009 - (RealEstateRama) -- Today, Congressman Mike Quigley (D-IL) offered an amendment to provide greater fairness and transparency to homeowners who may have been improperly denied a loan modification on their mortgage without any explanation. The measure, an amendment to H.R. 4173 – the Wall Street Reform and Consumer Protection Act of 2009, was in direct response to horror stories shared by constituents and taxpayers across the country. Quigley’s amendment has the strong support of a broad coalition of consumer advocates, including the NAACP, AFL-CIO, and National Fair Housing Alliance

Fattah’s Emergency Mortgage Assistance Plan Close To House Passage

WASHINGTON, D.C. - December 9, 2009 - (RealEstateRama) -- A $3 billion emergency mortgage assistance program for unemployed homeowners – authored by Congressman Chaka Fattah (D-PA) and based on a successful Pennsylvania program that Fattah helped create as a young state legislator – is on the verge of passage in the House of Representatives.

Iowa Finance Authority Awards $200,000 from State Housing Trust Fund

Des Moines, IA - December 10, 2009 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved a total of $200,000 in grants to four entities to support affordable housing and homeownership preservation from the State Housing Trust Fund’s Project-Based Program. The program provides financing for the development of affordable single-family and multifamily housing units.

Homeowners, Veterans & Small Businesses Benefit from Halvorson Sponsored Provisions in Tax Credit Bill

December 10, 2009 - (RealEstateRama) -- Working to reduce burdens on our families, small businesses, and veterans, Rep. Debbie Halvorson (IL-11) today voted to pass the Tax Extenders Act of 2009, H.R.4213, which would extend a number of tax relief provisions through 2010.The Tax Extenders Act of 2009 contains three pieces of individual legislation sponsored by Halvorson, which were included into the larger bill. The first, H.R. 2146, would extend an additional standard deduction for state and local real property taxes for homeowners, which would save homeowners money on their tax returns.

California New-Home Market Breaks into Positive Territory, CBIA Announces

SACRAMENTO, CA - December 10, 2009 - (RealEstateRama) -- The pace of home sales at California new-home communities rose above year-ago levels for the first time since December of 2006, the California Building Industry Association reported today

Manhattan U.S. Attorney Charges President of Mortgage Brokerage Firm in $23 Million Fraud Scheme

New York, NY - December 10, 2009 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"), and RICHARD H. NEIMAN,

DELEG Announces Green Lodging Certification for Trout Creek Condominium Resort in Harbor Springs Facility...

December 10, 2009 - (RealEstateRama) -- Trout Creek Condominium Resort, located in Harbor Springs, has earned Green Lodging Michigan (GLM) Steward certification from the Michigan Department of Energy, Labor & Economic Growth (DELEG).

Mikulski Announces Nearly $3 Million Conditional Loan Guarantee to Rehabilitate Affordable Housing Complexes in...

WASHINGTON, DC - December 10, 2009 - (RealEstateRama) -- U.S. Senator Barbara A. Mikulski (D-Md.) announced today that Kent County Associates, L.P. in Kent County, Maryland, has been awarded a conditional $2.97 million loan to guarantee the rehabilitation and revitalization of affordable rental housing complexes in Fairlee and Rock Hill, Maryland. The conditional loan guarantee has been awarded through the USDA Rural Rental Housing Guaranteed Loan program.

Chairwoman Mikulski Puts Funds in the Federal Checkbook to Fight Mortgage Fraud

WASHINGTON, D.C. - December 10, 2009 - (RealEstateRama) -- U.S. Senator Barbara A. Mikulski (D-Md.), Chairwoman of the Commerce, Justice, Science and Related Agencies (CJS) Appropriations Subcommittee, today announced a critical step forward in putting funds in the federal checkbook to track down and prosecute perpetrators of mortgage fraud. The funds are included in the CJS Appropriations Bill, which was approved by a House-Senate Conference Committee as part of Congress’ Fiscal Year 2010 Consolidated Appropriations Bill.

CONGRESS VOTES TO SUPPORT MIDDLE CLASS TAX RELIEF, JOB CREATION, ENERGY CONSERVATION

Washington, D.C. - December 9, 2009 - (RealEstateRama) -- Today, Congressman John Sarbanes voted for H.R. 4213, the Tax Extenders Act of 2009, which passed by a vote of 241 to 181. The measure will directly assist working families by extending property tax relief, the college tuition deduction and the deduction for teachers who pay out of pocket for classroom expenses.

Kratovil Backs Bill That Brings Tax Relief to Small Businesses and Working Families

December 10, 2009 - (RealEstateRama) -- Today, Rep. Frank Kratovil supported the Tax Extenders Act of 2009, which extends tax relief provisions for working families and businesses to help spur job growth. The legislation will extend the R&D tax credit for nearly 11,000 businesses, provide up to 30 million homeowners with property tax relief, and provide a college tuition deduction that will make college possible for 4.5 million families

Two Defendants Indicted for Price-Flipping 35 Homes in Mortgage Fraud Scheme

December 10, 2009 - (RealEstateRama) -- A federal indictment was unsealed today against a Minnesota pair for allegedly orchestrating a mortgage fraud scheme in which they stole more than $2.5 million from lenders nationally by obtaining fraudulent loans for the purchase of 35 homes in the Twin Cities. The indictment charges Zack Zafer Dyab, 45, of Golden Valley, and Julia Alexander Rozhansky, 45, of Minnetonka, with one count of conspiracy to commit wire fraud, six counts of mortgage fraud through use of interstate wires, and one count of engaging in a monetary transaction involving criminally derived property.

Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme

PHILADELPHIA, PA - December 8, 2009 - (RealEstateRama) -- 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan.

Funds available for farmworker housing

Salem, OR - December 8, 2009 - (RealEstateRama) -- Oregon Housing and Community Services (OHCS) today announced a funding opportunity for farmworker housing.

Funds available for farmworker housing

Salem, OR - December 8, 2009 - (RealEstateRama) -- Oregon Housing and Community Services (OHCS) today announced a funding opportunity for farmworker housing.

Governor Paterson Announces Stimulus Funds Targeted To Cut Energy Costs For Low-Income Residents Of...

Albany, NY - December 8, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced $60.3 million in federal American Recovery and Reinvestment Act (ARRA) funding for weatherization projects that will work to reduce the energy burden on low-income residents in 9,431 multi-family housing units around the State.

Housing Stabilization Funds Available

BISMARCK, ND - December 9, 2009 - (RealEstateRama) -- The North Dakota Housing Finance Agency (NDHFA) is soliciting pre-applications for funding under the federal Neighborhood Stabilization Program (NSP).

Senate Judiciary Committee Hearing on Mortgage Fraud, Securities Fraud, and the Financial Meltdown: Prosecuting...

December 9, 2009 - (RealEstateRama) -- Good afternoon, everyone. I am honored to call to order this hearing of the Senate Committee on the Judiciary. And I thank Chairman Leahy for permitting me to chair this hearing

Property Improvements May Qualify for Tax Exemption

Sioux City, IA - December 9, 2009 - (RealEstateRama) -- December 31 is the deadline to file for Urban Revitalization Tax Exemption on eligible properties which received property improvements during calendar year 2009. All residential property owners within the corporate limits of the City of Sioux City that made improvements to their property in 2009 are encouraged to apply for the tax exemption.

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families