Friday, March 29, 2024

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NCRC Report Shows Stark Racial Lending Disparities in Baltimore

The National Community Reinvestment Coalition (NCRC) released an analysis of home purchase and small business lending in Baltimore, Maryland, and the surrounding areas. The analysis reveals deep racial disparities in mortgage lending.

HUD REACHES AGREEMENT WITH MICHIGAN LENDER IN DISABILITY DISCRIMINATION CASE

The U.S. Department of Housing and Urban Development (HUD) today announced a Conciliation Agreement with Mortgage One, Inc., of Sterling Heights, Michigan, resolving allegations of lending discrimination againstan applicant with disabilities.  HUD claimed Mortgage One and loan officer Nancy Doody required the mortgage applicant to provide intrusive and unnecessary documentation regarding his disabilities before approving his FHA-insured mortgage. 

BRIDGE Housing Implements Integratec’s Developer Central Software

Integratec, a leading provider of cloud-based full life-cycle real estate investment management software and data aggregation services, is pleased to announce a new Developer Central client, BRIDGE Housing

President Robottom and Congressmen Graves and Richmond Join Forces to Fight for Flood Protection

In an effort to secure funding for the West Shore Lake Pontchartrain Levee Project, Parish President Natalie Robottom participated in a Congressional Roundtable before the United States Committee on Transportation and Infrastructure Friday morning. At the request of Congressman Graves, the meeting was held in New Orleans at the Louisiana State Supreme Court and the discussion focused on “The Importance of Port, Waterway, Flood Control & Ecosystem Restoration Improvements to the Nation’s Economy: Concepts for the Next Water Resources Development Act (WRDA)”.

Attorney General’s Office Acts To Protect Manufactured Housing Tenants From Improper Conduct By Community...

Attorney General Matt Denn’s office has filed suit against the owner of three Delaware manufactured housing communities for attempting to financially pressure tenants to give up their legal right to arbitrate proposed rent increases

Mayor Garcetti Joins Vice President Biden for Discussion on Future of Clean Energy, Green...

Mayor Eric Garcetti today joined Vice President Joe Biden and leaders in the clean-technology industry for a roundtable discussion on renewable energy, green business, and public-private partnerships in Los Angeles.

Durbin Vows to Protect Job-Creating Illinois Infrastructure Projects on Transportation Conference Committee

U.S. Senator Dick Durbin (D-IL), a member of the House-Senate Conference Committee for the next transportation bill, vowed to fight for robust funding for transportation programs that create jobs and support Illinois’ priority infrastructure projects. Durbin – who took a leadership role in passing the bipartisan Senate version of the transportation bill – is committed to producing a long-term reauthorization of transportation programs that will provide the certainty that businesses and state governments, like Illinois, need to plan critical infrastructure projects and create good-paying jobs

SEIA Welcomes New Members to its Board of Directors

The Solar Energy Industries Association (SEIA), the national trade association for the U.S. solar energy industry, announced today that Mortenson Construction, one of the largest construction firms in the United States, has joined SEIA’s board. Senior Vice President, Jim Yowan, will serve as a director

House Passes Royce-Vitter GSE CEO Pay Cap

The U.S. House of Representatives passed legislation to cap the salaries of the CEOs of Fannie Mae and Freddie Mac modeled on H.R. 2243, the Equity in Government Compensation Act of 2015, as introduced by U.S. Representative Ed Royce (R-Calif.). The bill is the first major standalone legislation enacted that deals with the GSEs since they were placed into conservatorship should the President sign it into law as expected.

South Carolina REALTORS® Release October Housing Market Data

The reports reveal the number of homes, condos and villas sold compared to last year has declined by more than five percent, while the average days on market is also down by 12 percent compared to last year.New listings also decreased by almost seven percent to 7,693 along with Pending Sales which decreased ten percent to 4,798

NREL Research Honored With R&D 100 Awards

A technology developed at the Energy Department's National Renewable Energy Laboratory (NREL) has been honored by R&D Magazine as a winner of a coveted R&D 100 award as well as an Editor's Choice award.

New Report Reveals that Mortgages Over $500,000 are Rare in the U.S.

A Rare Occurrence: The Geography and Race of Mortgages Over $500,000, released today by the National Low Income Housing Coalition (NLIHC), reveals that only 5% of the mortgages obtained in the past three years in the U.S. were larger than $500,000 and that lowering the Mortgage Interest Deduction (MID) cap to $500,000 would have no impact on the majority of homeowners nationwide given the rarity of mortgages over that amount

Chairman Hensarling Comments on FHA Finally Meeting Minimum Requirement

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments today about the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. An independent actuarial analysis released today shows the MMI Fund’s capital ratio stands at 2.07 percent—the first time since 2008 that FHA’s reserve ratio meets the legally required threshold of 2 percent.

Eight Georgia communities honored for promoting affordable housing and project innovation

The Georgia Initiative for Community Housing (GICH) program recognized the cities of Covington, Gainesville, Pembroke, Rome, Thomasville, Valdosta, Vienna and Washington for their efforts to increase affordable housing and to revitalize their communities at the “Celebrating a Decade of Success” awards event held October 21 at the UGA Georgia Center in Athens.

Statement from NAHB Chairman Tom Woods on FHA Actuarial Report

Tom Woods, chairman of the National Association of Home Builders (NAHB) and a home builder from Blue Springs, Mo., issued the following statement after the Federal Housing Administration released its annual actuarial report to Congress

Patricia R. Healy Named Chairman of the Americas for ULI

Patricia R. “Trish” Healy, founding principal of Hyde Street Holdings, LLC in Raleigh, North Carolina, has been named Chairman of the Americas for the Urban Land Institute (ULI), a non-profit research and education institute with more than 36,000 members dedicated to leadership in real estate and land use and creating thriving communities worldwide. Healy, a longtime ULI member, ULI Foundation Governor, and former ULI Trustee, will serve in this position through June 30, 2018.

Virginia Department of Housing and Community Development Director Bill Shelton receives Excellence in Virginia...

Bill Shelton, director of the Virginia Department of Housing and Community Development (DHCD), received the Lifetime Achievement Award at the Excellence in Virginia Government Awards (EVGA) Luncheon hosted by the Virginia Commonwealth University L. Douglas Wilder School. This award recognizes a Virginian whose career represents the highest values of public service and citizenship and who has made a substantial contribution to the good of the commonwealth

Hoeven Helps Dedicate New $33.5 Million NDSU Greenhouse Research Complex

Senator John Hoeven today joined state, local and university leaders in dedicating the North Dakota Agriculture Experiment Station Research Greenhouse Complex, a $33.5 million state-of-the-art facility at North Dakota State University (NDSU) that provides enhanced education and advanced research in plant breeding, genetics, horticulture, entomology, plant pathology, plant nutrition and associated disciplines.

A.G. Schneiderman Announces Settlement That Returns Manhattan Apartment Building To Rent Stabilization, Provides Tenants...

Attorney General Eric T. Schneiderman today announced the settlement of a dissolution action against a cooperative housing corporation, Ft. George Apt. Corp., and its shareholders, the affiliated entities Fort George Property, LLC, Fort George Realty, LLC, and NY Tryon Realty LLC. The settlement resolves allegations that Ft. George Apt. Corp. exploited the rent stabilization exemption available to housing cooperatives – an exemption that is meant to promote homeownership by protecting individual homeowners, not landlords. Under the settlement, all tenants residing in the building will be entitled to rent-stabilized leases at affordable rents.

Year-Round Yard Waste Collection Coming to Arlington

The Arlington County Board today adopted an amendment to its refuse code that will bring year-round yard waste curbside collection services to households beginning April 1, 2016. The new program is expected to divert up to 9,000 more tons of compostable material from the waste stream, increasing Arlington’s recycling rate by up to 13 percent. The County’s current residential recycling rate is among the highest in the region, at 47.2 percent.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases