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HDC’s Board Approves $43M in Taxable Multi-Family Mortgage Revenue Bonds & Cooperative Housing Mortgage...

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.

Mayor Menino Expects Fewer New Property Tax Liens Despite Tough Economy

December 4, 2009 - (RealEstateRama) -- Today, Mayor Thomas M. Menino announced that the number of new property tax liens expected to be filed for Fiscal Year 2009 is 18 percent less than FY 2008. The value of these new liens represents only half a percentage point of the total FY 2009 tax levy of $1.4 billion

Don’t Take a “Payment Holiday” from Your Mortgage

Atlanta, GA - December 4, 2009 - (RealEstateRama) -- Homeowners seeking to take a "payment holiday" from their mortgage need to consider other alternatives to make certain they do not become delinquent on their most important asset - their home.

Georgia Department of Banking and Finance’s Amended Notice of Intent to Revoke Annual License...

Atlanta, GA - December 4, 2009 - (RealEstateRama) -- On December 2, 2009, the Georgia Department of Banking and Finance’s Amended Notice of Intent to Revoke Annual License of America’s First Home Mortgage Company, Inc., located at 405 North Robinson Street, Richmond, Virginia 23220, mortgage lender’s license number 5682, became final.

Goldman Sachs announces $61 MM investment in affordable housing

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.

HARLEM CDC HOSTS 4TH ANNUAL SMALL BUSINESS CONFERENCE AT ADAM CLAYTON POWELL JR. STATE...

New York, NY - December 4, 2009 - (RealEstateRama) -- The Harlem Community Development Corporation (Harlem CDC), in partnership with a range of organizations dedicated to supporting the growth of small business in Upper Manhattan, will host the 4th annual Small Business Conference on Thursday, December 10th, at the Adam Clayton Powell Jr. State Office Building.

Edmond Man Sentenced to 30 Months in Federal Prison for Mortgage Fraud Scheme Defendant...

OKLAHOMA CITY, OK - December 3, 2009 - (RealEstateRama) -- Yesterday, Phillip Seibel, 39, of Edmond, Oklahoma, was sentenced by United States District Judge David Russell to serve 30 months in prison for money laundering stemming from a mortgage fraud scheme, announced Robert J. Troester, Acting United States Attorney for the Western District of Oklahoma.

HDC’s Board Approves $30 Million in Bonds To Finance the Renovation of East Harlem’s...

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $30 million in tax-exempt Multi-Family Rental Housing Revenue Bonds for the rehabilitation of a development comprised of nine multifamily rental buildings, in the East Harlem neighborhood of Manhattan.

NYS Affordable Housing Corporation Approves $3.5 Million in Grants to Build and Renovate 276...

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.

AG Cooper stops Kannapolis foreclosure scam

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.

AG Cooper stops Kannapolis foreclosure scam

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.

Schumer Pushes Plan To Expand Access To Affordable Housing For Thousands Of Military Families...

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.

Cox Files Charges in Massive Detroit-Area Real Estate Ponzi Scheme

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

Kentucky Housing Corporation Board of Directors Executive Committee to Meet

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

EastGroup Properties Announces 120th Consecutive Quarterly Cash Dividend

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.

MassHousing Approves $295,000 for Affordable Sober Housing in Massachusetts

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.

MassHousing Announces $1.4 Million Loan Commitment for the Development of Affordable Rental Housing in...

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

MassHousing Announces $5.9 Million in Loan Commitments for Affordable Rental Housing in Tyngsborough

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

Seven Northland Residents Indicted in Parkville Mortgage Fraud Scheme

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

Visclosky Delivers Resources for More Sidewalks in South Haven

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

Department of Banking and Finance Enters into a Consent Order with America’s Mortgage Broker,...

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

Congressman Murphy Announces Fiscally Responsible Tax Credit for Homebuyers

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.

Rep. Sires Introduces Bill to Provide Adequate Housing for Our Nation’s Veterans

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

House Passes Glenn Nye’s Resolution to Aid Toxic Drywall Victims

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.

Goldman Sachs to Invest $61 Million in Affordable Housing

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.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

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.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

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.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

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.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

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.

Hoyer Joins Governor, Charles County & ACPT in Announcing New ‘Green City’ Development Project

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.

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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