#2 Latest Government and Public Real Estate News

#2 Latest Government and Public Real Estate News

Will The Mortgage Forgiveness Debt Relief Act be Extended through 2014?
WASHINGTON, D.C. – November 7, 2013 – (RealEstateRama) — I’ve been asked a lot lately about the Mortgage Forgiveness Debt Relief Act which is due to expire December 31, 2013. This act provides homeowners with cancellation of debt, huge tax relief.

Mortgage in National New

Government Shutdown and Debt Ceiling Debate a Real Downer on Consumer Economic and Housing Sentimen
The recent U.S. federal government shutdown and the ongoing debt ceiling debate appear to have taken a toll on Americans’ outlook toward the economy and housing market, according to the Fannie Mae October 2013 National Housing Survey results. As the survey is conducted generally during the first three weeks of each month, the majority of respondents in October were surveyed during the government shutdown. Notably, the gap between the share of consumers who said the economy is on the wrong track and those who said it’s on the right track widened from 16 percentage points in September to 40 percentage points in October – a record month-over-month change since the survey’s inception in 2010.

CT’s Sandy housing program yet to repair a single home
A year after Superstorm Sandy ravaged the state’s coastline, not a single homeowner has been helped by a new program aimed at repairing homes.
Similar programs in New York and New Jersey have also failed to rehab a single house

Housing program in National New

HUD MIDWEST REGIONAL ADMINISTRATOR ANNOUNCES $40 MILLION LOAN GUARANTEE TO ILLINOIS
Federal loan guarantee to support state’s community loan fund
CHICAGO – U.S. Housing and Urban Development Midwest Regional Administrator Antonio R. Riley announced today that HUD is approving a $40 million loan guarantee to Illinois to capitalize the state’s Economic Development Loan Fund. This state-administered loan fund will distribute the guaranteed loan funds to communities throughout the state to provide financing for a variety of activities in support of economic development projects.

Online event offers help to struggling AZ homeowners
The Valley’s housing market is coming around, but there are still a lot of struggling homeowners.
And if you happen to be one of them, help is on the way.

2013 Housing Data Profiles Now Available
In an effort to provide useful information to Connecticut’s cities and towns, the Partnership for Strong Communities has created housing data profiles for each municipality in the state, along with a statewide profile and profiles for each of Connecticut’s counties.

Dell Medical School: a boon for Austin real estate?
State Sen. Kirk Watson (D-Austin) gave a robust speech at the Real Estate Council of Austin’s monthly luncheon about the new Dell Medical School and the accompanying Medical District that will be developed on the University of Texas campus. You’d think he was still stumping for votes for last year’s Proposition 1 in which voters approved an increase in property taxes to help fund the medical school.

New Mexicans Need a Path to Healthy Homeownership
We want people to be able to buy homes. It’s good for Americans, and it’s good for the economy. Owning a home anchors a family, and helps to build a community. I got to where I am today because my parents took a chance and bought small place just outside Hobbs. They worked hard and were able to send us to college. But the system we have today puts that dream dangerously out of reach for many Americans, and it’s at risk of being lost forever.

Homeless man charged with Montville burglary
MONTVILLE — A homeless man who sought shelter in one of the laundry rooms at the Rachel Gardens complex has been charged with burglarizing an apartment unit and stealing items from a vehicle

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