Housing & Development

Housing & Development

The Consensus Builds as Three More Organizations Join the ConsensusDOCS Coalition Construction Contracts Built...

Washington, D.C. - February 21, 2011 - (RealEstateRama) -- Three construction industry associations announced that they have joined the ConsensusDOCS Coalition, which creates standard contract documents for use by all participants in the construction industry.

HUD, FEMA EXTEND DISASTER HOUSING ASSISTANCE FOR GUSTAV/IKE SURVIVORS IN LOUISIANA AND TEXAS

WASHINGTON, DC - February 21, 2011 - (RealEstateRama) -- U.S.Housing and Urban Development Secretary Shaun Donovan and Federal Emergency Management Agency Administrator Craig Fugate today announced an additional five-month extension of disaster housing assistance to more than 5,168 families in Texas and Louisiana who were displaced by Hurricanes Ike and Gustav. The extension of rental assistance through the Disaster Housing Assistance Program (DHAP) gives these families until September 30th to transition to permanent housing solutions. his extension will give 3,425 families in Texas and 1,743 families in Louisiana who continue to participate in DHAP-Ike another five months to transition from the program. Since November, 2008, the DHAP program provided temporary rental assistance to families and was scheduled to end on March 31, 2011

Utah Housing Corporation Closes $74 Million in Bonds Assisting 515 Lower-Income Families

February 18, 2011 - (RealEstateRama) -- Utah Housing Corporation announced the closing of a $74 million bond sale completing the commitment of bond purchases to the US Department of Treasury under a special program under the 2008 Housing and Economic r...

Tom Hoch Selected as Design Consultant for Carlton Landing

OKLAHOMA CITY, OK - February 18, 2011 - (RealEstateRama) -- Tom Hoch -- a pioneer in revenue-based design and turn-key, design-build interior design solutions -- has been selected as design consultant for Carlton Landing, a 1600-acre resort community o...

AGENCY RECOGNIZES AFFORDABLE HOUSING CHAMPIONS

BISMARCK, ND - February 17, 2011 - (RealEstateRama) -- The North Dakota Housing Finance Agency (NDHFA) recognized three lenders and two housing advocates as Champions of Affordable Housing at the 2011 Statewide Housing Conference.

DNREC Secretary Collin O’Mara and Clean Water Advisory Council announce the next $16 million...

DOVER, DE - February 17, 2011 - (RealEstateRama) -- Delaware Department of Natural Resources and Environmental Control Secretary Collin O’Mara and the Clean Water Advisory Council have announced the next $16 million in water infrastructure projects through the Delaware Clean Water State Revolving Fund (CWSRF), bringing the number of ongoing projects to 41, totaling nearly $100 million. The loans will finance 16 new projects that will protect public health and the environment and are vital to the economic vitality of Delaware communities.

PulteGroup and RESNET Help Homebuyers Identify Energy-Efficient Homes

Bloomfield Hills, MI - February 17, 2011 - (RealEstateRama) -- PulteGroup, Inc., America’s premier homebuilding company, and the Residential Energy Services Network (RESNET), the leading national independent authority on home energy performance, are teaming to expand the use of home energy efficiency labels already available in a number of PulteGroup communities including Centex, Pulte Homes and Del Webb. Homeowners are saying that having energy efficiency data while shopping helps them to better compare energy savings across multiple homes as well as giving them a better idea about utility costs after purchase.

Housing Affordability Rises to Highest Level in Two Decades

WASHINGTON, D.C. - February 17, 2011 - (RealEstateRama) -- Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released today.The HOI indicated that 73.9 percent of all new and existing homes sold in the fourth quarter of 2010 were affordable to families earning the national median income of $64,400. The record-setting index for the fourth quarter surpassed the previous high of 72.5 percent set during the first quarter of 2009 and marked the eighth consecutive quarter that the index has been above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.

Pulte Homes Announces Land Purchase in the Waterford Parks Community

DALLAS/FT. WORTH - February 17, 2011 - (RealEstateRama) -- Pulte Homes purchased land for the development of 200 homes in the sought-after Waterford Parks community in the city of Allen. The homebuilder purchased the land from Wynn Jackson Development in late 2010 and plans to begin sales in early spring.

ICBA Mortgage and Fannie Mae Renew Affinity Agreement That Supports Community Banks

Washington, D.C. - February 16, 2011 - (RealEstateRama) -- ICBA Mortgage, the mortgage-lending subsidiary of the Independent Community Bankers of America (ICBA), today announced the renewal of its alliance agreement with Fannie Mae, which allows ICBA-member community banks to access a package of special benefits that helps them better serve their customers' housing-finance needs

Written Testimony of Chief of Homeownership Preservation Office Phyllis Caldwell

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) -- Chairwoman Biggert, Ranking Member Gutierrez and Members of the Subcommittee, thank you for the opportunity to testify today. I appreciate the opportunity to share insights resulting from the Administration’s efforts to mitigate the effects of the most serious housing crisis since the Great Depression.

Multifamily Construction Boosts Housing Starts in January

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) -- Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline.

Statement from the Campaign for Housing and Community Development Funding on President Obama’s FY12...

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) -- Yesterday President Barack Obama released his FY12 budget, which would freeze non-defense discretionary spending for five years in an effort to reduce the budget deficit. While some housing and community development programs are spared the knife, critical HUD programs that provide housing stability, promote economic mobility and job creation, and stabilize communities would be significantly reduced

HUD LAUNCHES “EVIDENCE MATTERS,” A NEW INDEPENDENT QUARTERLY PUBLICATION FOCUSED ON RESEARCH-BASED POLICY

WASHINGTON, DC - February 16, 2011 - (RealEstateRama) -- In an effort to promote a new generation of data-driven and evidence-based policymaking, U.S. Housing and Urban Development Secretary Shaun Donovan today unveiled a new quarterly publication intended to inform housing and community development advocates, state and local policymakers, Congress and researchers on new approaches to issues related to housing and community development. Evidence Matters is an objective, unbiased publication intended to inform the broad housing and community development field on future policy directions based on research and data – in short, the evidence

House FY11 Budget Bill Slashes and Burns Federal Housing Safety Net

February 15, 2011 - (RealEstateRama) -- The House of Representatives is expected to vote on its FY11 spending bill, H.R. 1, this week. The bill would cause devastating reductions to non-defense discretionary programs and cut more than $5.7 billion from HUD programs compared to the FY10-enacted level of about $43.5 billion. In addition, the bill would make more than $394 million in rescissions from unobligated balances in HUD programs.

Business Real Estate Press Releases

Jewel-Osco in the Chicago MSA

The Boulder Group Arranges Sale of Single Tenant Net Leased Jewel-Osco...

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Jewel-Osco property located at 12803 Harlem Avenue, Palos Heights, IL for $15,500,000.

Recent Gov & Nonprofit Real Estate Press Releases