Yearly Archives: 2013

Justice Department Announces Fair Housing Settlement with W.V. Developer

WASHINGTON, D.C. - December 20, 2013 - (RealEstateRama) -- The Justice Department announced today that developer Douglas Pauley and entities affiliated with him have agreed to pay $110,000 and make all retrofits required to remove accessibility barriers at 30 apartment complexes, involving more than 750 units, in West Virginia that were developed through the federal government’s Low-Income Housing Tax Credit program. The parties’ agreement will settle the United States’ claims that defendants violated the Fair Housing Act by building the complexes with a variety of features that made them inaccessible to persons with disabilities.

LIFT programs help 5,000 people achieve dream of homeownership

SAN FRANCISCO and WASHINGTON, DC - December 19, 2013 - (RealEstateRama) -- Wells Fargo & Company, America’s largest mortgage lender, and NeighborWorks America, a national nonprofit organization which creates opportunities for people to live in affordable homes and improve their lives, today announced more than 5,000 low- to moderate-income adults have become homeowners with the help of homebuyer education and down-payment assistance offered through LIFT programs

Existing-Home Sales Decline in November, but Strong Price Gains Continue

WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors

Home Sales Remain Low in November According to DataQuick

SAN DIEGO, - December 19, 2013 - (RealEstateRama) -- In its monthly Property Intelligence Report (PIR), DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, shows decreased home sales in all but 12 of the 42 reporting counties during the month of November. Over the last year, sales growth has been near zero or decreasing in half of the PIR’s reported markets

Mayor Lee Announces Executive Directive to Accelerate Housing Production & Protect Existing Housing Stock

WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- Mayor Edwin M. Lee today announced a Mayoral Executive Directive ordering all City departments that have the legal authority over the permitting or mapping of new or existing housing to prioritize in their administrative work plans the construction and development of all net new housing including permanently affordable housing. Mayor Lee ordered City departments to prioritize 100 percent permanently affordable developments and then prioritize thereafter residential developments based on the proportion of permanently affordable units produced onsite or offsite through the City’s inclusionary housing program as defined by Section 415 of the San Francisco Planning Code

CFPB Launches Nationwide Education Campaign About New Mortgage Rules

WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- Today, the Consumer Financial Protection Bureau (CFPB) launched a campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. The Bureau is releasing educational materials in advance of the January 10, 2014 effective dates for its mortgage rules

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN NOVEMBER

WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2013:

New-Home Production Tops 1 Million in November

WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- Led by a solid increase in both single-family and multifamily starts, nationwide housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau

Economic Forecast Breakfast, January 15

WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- Do business smarter by getting the latest economic information from two nationally-recognized economists at the HBA’s annual economic forecast, Wednesday, January 15. Speakers include David Crowe, Chief Economist and Senior Vice President, the National Association of Home Builders, and Chris Kuehl, Co-founder and Managing Director, Armada Intelligence

FHFA Issues Scenarios and Guidance to FannieMae, Freddie Mac and the Federal Home Loan...

Washington, D.C. - December 16, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today sent a Notice to the Federal Register concerning Orders issued to Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (the regulated entities) requiring reporting of annual stress testing results. The Orders, which include the stress test scenarios, were issued on November 26, 2013 under FHFA’s final stress testing rule. The stress tests, required by the Dodd-Frank Act, are designed to determine whether the regulated entities have the capital necessary to absorb losses as a result of adverse economic conditions. FHFA also issued Summary Instructions and Guidance including revised templates the regulated entities will use to report the results of the testing.

Bay Area Home Sales Slow, Prices Continue to Rise

La Jolla, CA. - December 16, 2013 - (RealEstateRama) -- Bay Area home sales dipped again in November, constrained by supply and market uncertainty amid mixed economic news. Prices continued their year-and-a-half-long upward march. Purchase and mortgage patterns are moving slowly but steadily toward long-term norms, a real estate information service reported.

Ivenue Love-Stanley, FAIA, Awarded the 2014 Whitney M. Young Jr. Award

Washington, D.C. - December 16, 2013 - (RealEstateRama) -- The Board of Directors of the American Institute of Architects selected Ivenue Love-Stanley, FAIA, to receive the 2014 Whitney M. Young Jr. Award. The award was granted in recognition of Love-Stanley’s career-long dedication to bringing design to underserved communities and to making design education, and education in general, inclusive and accessible to all. Love-Stanley will be honored in June at the 2014 AIA National Convention in Chicago.

HUD ANNOUNCES NEARLY $14.8 MILLION TO PRESERVE RENTAL ASSISTANCE IN SENIOR HOUSING DEVELOPMENTS

WASHINGTON - December 16, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced $14.8 million to preserve affordable rental assistance for elderly tenants living in subsidized properties. This funding is provided through HUD’s Senior Preservation Rental Assistance Contracts (SPRACs) and is targeted for properties in HUD’s Section 202 “Supportive Housing for the Elderly” program where rental assistance may expire without this important preservation tool.

JOHNSON’S KEYNOTE ADDRESS AT BPC HOUSING FINANCE REFORM EVENT

WASHINGTON - December 16, 2013 - (RealEstateRama) -- Senate Banking Committee Chairman Tim Johnson (D-SD) today gave the closing remarks at the Bipartisan Policy Committee’s event titled “A Forum on the Role of Private Capital in a Reformed Housing Finance System.”

Center for Green Schools at USGBC Announces Best of Green Schools 2013 List

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- The Center for Green Schools at the U.S. Green Building Council (USGBC) today announced its third annual “Best of Green Schools” list, which recognizes top educational institutions, individuals and initiatives across the country for environmental efforts

#13 Government and Public Real Estate News

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Dec. 13, 2013, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in California

Justice Department Files Fair Housing Lawsuit Against Owner and Manager of Rental Housing in...

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- The Justice Department today filed a lawsuit against the owner and manager of rental apartments in Jaffrey, N.H., for violating the Fair Housing Act by discriminating against families with children.

Builder Confidence Rises Four Points in December

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December, released today. This gain reflected improvement in all three index components – current sales conditions, sales expectations and traffic of prospective buyers

Governor Parnell Announces Board Appointments

Anchorage, Alaska - December 17, 2013 - (RealEstateRama) -- Governor Sean Parnell today announced appointments to the board of directors of the Alaska Railroad Corporation, Real Estate Commission, Alaska Public Broadcasting Commission, Emerging Energy ...

HUD Properties Available for Homeless Services

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Dec. 13, 2013, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in California.

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

SCR

Charleston South Carolina expected to outpace national real estate market averages...

The National Association of Realtors® (NAR) recently identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are