Yearly Archives: 2016

Homeowners, Workers Lose As Congress Fails To Renew Energy Efficiency Tax Breaks

The Alliance to Save Energy called on lawmakers to restore common-sense energy efficiency tax breaks for American consumers and businesses that Congress – like a Grinch – is allowing to expire on Dec. 31

United Shore Financial Services LLC Agrees to Pay $48 Million to Resolve Alleged False...

United Shore Financial Services LLC (USFS) has agreed to pay the United States $48 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today.  USFS is headquartered in Troy, Michigan
NAR

NAR CEO Dale Stinton to Retire, Search Firm Retained

After 36 years of service, National Association of Realtors® CEO Dale Stinton will retire from the association in 2017. Chicago-based executive search firm Heidrick & Struggles has been retained to find Stinton’s replacement
NAR

Pending Home Sales Backpedal in November

Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors. Only the Northeast saw monthly and annual pending sales gains last month.
Habitat for Humanity_Oakland

KTGY Oakland Participates in Build Day for Habitat for Humanity East Bay/Silicon Valley

Award-winning KTGY Architecture + Planning’s Oakland office recently assisted in a volunteer clean-up day for Habitat for Humanity’s East Bay/Silicon Valley chapter at 10211 Byron Avenue, located in Oakland.  A longtime supporter of the Habitat for Humanity East Bay/Silicon Valley chapter, KTGY has designed and built several projects over the years. The project is located near the Oakland Zoo and is currently a vacant lot and will be developed into energy-efficient townhouses
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $32 MILLION TO PROMOTE JOBS, SELF-SUFFICIENCY FOR PUBLIC HOUSING RESIDENTS

The U.S. Department of Housing and Urban Development (HUD) today awarded $32 million to public housing authorities, public housing resident associations, Native American tribes, and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs, educational opportunities, and achieve economic and housing independence (see list below)
HUD - U.S. Department of Housing and Urban Development

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN NOVEMBER

Sales of new single-family houses in in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.

Video Available from New England Housing Network Federal Forum: What will the Trump Administration...

Thank you to everyone who attended last week's New England Housing Network Federal Forum and discussed how to work together to advocate for affordable housing in the Trump Administration. The video from the forum is now available!

USDA Issues Report on Investments to Grow the Rural Economy

Agriculture Secretary Tom Vilsack today released the final year-end report of the Obama administration's results creating jobs and investing in rural communities nationwide.

New Home Sales Up 5.2 Percent in November

Sales of newly built, single-family homes rose 5.2 percent in November to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS ADDITIONAL $1.8 BILLION TO HELP SIX STATES TO RECOVER FROM 2016 DISASTERS

U.S. Housing and Urban Development (HUD) Secretary Julián Castro today awarded an additional $1.8 billion to help Louisiana, West Virginia, Texas, North Carolina, South Carolina and Florida to recover after severe flooding events that occurred earlier this year. Provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program, these recovery funds will assist the most impacted communities that experienced the most serious damage to their housing stock.

United States Sues Barclays Bank to Recover Civil Penalties for Fraud in the Sale...

The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme to sell residential mortgage-backed securities (RMBS) supported by defective and misrepresented mortgage loans.  As alleged in the complaint, from 2005 to 2007, Barclays personnel repeatedly misrepresented the characteristics of the loans backing securities they sold to investors throughout the world, who incurred billions of dollars in losses as a result of the fraudulent scheme
HUD - U.S. Department of Housing and Urban Development

HUD APPROVES FAIR HOUSING AGREEMENTS BETWEEN WYOMING LANDLORDS AND FAMILIES CLAIMING DISCRIMINATION

The U.S. Department of Housing and Urban Development (HUD) announced today two agreements between the owners and managers of Plainview Mobile Home Park in Casper, Wyoming, and two families who complained they were unlawfully denied the reasonable modifications they needed.
HUD - U.S. Department of Housing and Urban Development

HUD AND VA ANNOUNCE ADDITIONAL FUNDING TO HELP MORE HOMELESS VETERANS IN RURAL AREAS...

In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce $2.9 million to local public housing agencies across the country to provide a permanent home to 529 veterans and their families who are experiencing homelessness in rural areas (see attached list below).

La Fête Chocolat Opens First U.S. Location in Atlanta

La Fête Chocolat, one of South America’s largest high-end chocolate manufacturers, opened its first U.S. retail location at Lenox Square Mall in November. Lenox Square Mall is one of the premier shopping destinations in the Southeast with nearly 250 specialty stores. JLL’s Retail team, led by Senior Vice President Sarah Williams and Senior Associate Logan Elder, represented La Fête

FEWER METRO AREAS ADD CONSTRUCTION JOBS DURING PAST YEAR AS GROUP URGES PRESIDENT-ELECT TO...

Construction employment increased in 211 metro areas between November 2015 and November 2016, the lowest number of metro areas to add jobs in four years, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that contractors in many parts of the country continue to struggle with worker shortages and urged the incoming Trump administration to include workforce measures with its new infrastructure program.

Energy Secretary Ernest Moniz Announces Charles Curtis as 2016 Recipient of Schlesinger Medal for...

U.S. Secretary of Energy Ernest Moniz today announced Charles B. Curtis as the third recipient of the James R. Schlesinger Medal for Energy Security.  When the Department of Energy (DOE) and the Federal Energy Regulatory Commission (FERC) were established on October 1, 1977, Schlesinger and Curtis were appointed by President Carter as the first DOE Secretary and FERC Chairman, respectively.  Later, Mr. Curtis served as Under Secretary, Deputy Secretary and Acting Secretary of Energy during the Clinton Administration.

Energy Department Offers Conditional Commitment for First Advanced Fossil Energy Loan Guarantee

The U.S. Department of Energy today offered a conditional commitment to guarantee loans of up to $2 billion to Lake Charles Methanol, LLC to construct the world’s first methanol production facility to employ carbon capture technology in Lake Charles, Louisiana. The captured carbon would be utilized for enhanced oil recovery (EOR) in Texas.
NAR

Existing-Home Sales Forge Ahead in November

A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors

MCBC Announces Release of Changing Patterns XXIII

In Changing Patterns XXIII(link is external) the Massachusetts Community & Banking Council (MCBC) offers information on patterns of mortgage lending in the City of Boston, in Greater Boston, in Massachusetts, and in thirty-six large cities and towns. Specifically, the report examines

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Mayor Muriel Bowser

Mayor Bowser to Celebrate Housing Preservation Fund Milestone at Worthington Woods...

On Friday, July 12, at 11 am, Mayor Muriel Bowser will mark the preservation of the Worthington Woods Apartments in the Congress Heights neighborhood and celebrate the 1,000th unit funded by her Housing Preservation Fund.