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Anna Mills Elected President of National REIA for 2016

The National Real Estate Investors Association announced that Anna Mills has been elected association president for 2016. Mills is currently president of the Toledo REIA and has been a realtor in Ohio & Michigan for over 38 years. She holds top designations in VIP Relocation, Investor Specialist, Property Tax Reduction and Court Appraisals. Previously, she served as NREIA’s president in 2002 and is a past president of Ohio Real Estate Investors Association.

National Association of Realtors® Applauds Passage of Tax Extenders Package

A significant piece of tax legislation is now on its way to the President’s desk, and the bill includes the extension of a number of expired tax provisions important to supporting homeowners and real estate investment.

Markey, McGovern Announce $63.7 Million for Massachusetts Water Infrastructure Projects

Congressman Jim McGovern (D-MA) and Senator Edward J. Markey (D-MA) announced that Massachusetts has been awarded $63.7 million by the Environmental Protection Agency (EPA) to help finance improvements to water projects that are essential to protecting public health and the environment. The funds will be primarily used to upgrade sewage plants and drinking water systems, as well as replacing aging infrastructure, throughout the state.

FIRST AFFORDABLE HOUSING UNITS OPEN THROUGH WOODWARD CORRIDOR INVESTMENT FUND

The Regis Houze, the first project of the Capital Impact Partners-managed Woodward Corridor Investment Fund (WCIF), held its ribbon-cutting ceremony today in a prime location just off Woodward Avenue in the New Center area of Detroit.

USDA Announces $5.3 Million Investment for Kickapoo River

This week the U.S. Department of Agriculture’s Natural Resource Conservation Service announced that over the next four years they will invest $5.3 million in projects on the Kickapoo River.

Senators Collins, King Announce U.S. Department of Agriculture Funding to Support Low-Income Housing

U.S. Senators Susan Collins, Chairman of the Transportation, Housing and Urban Development Appropriations Subcommittee, and Angus King announced today that the United States Department of Agriculture (USDA) has awarded two Housing Preservation Grants to Penquis Community Action Program Inc. (Penquis CAP) and Western Maine Community Action (WMCA) to support housing rehabilitation projects in Franklin, Penobscot, Piscataquis, Knox, and Waldo Counties

GIVE Maryland Gets Face-Lift, New Website Makes Community Investment Tax Credit Program More Accessible to Donors

A newly designed website now makes the Community Investment Tax Credit program more accessible to individuals and businesses who want to contribute to revitalization projects in Maryland neighborhoods.

Reps. Pingree and Poliquin says Maine rural businesses to get $1.7 million for efficiency, clean energy projects

Representatives Chellie Pingree and Bruce Poliquin said today that 14 small businesses in rural Maine will be getting $1.7 million in USDA funding to invest in efficiency and clean energy projects. The grants, through the USDA's Rural Energy for America Program (REAP), fund projects like solar panels, anaerobic digesters to create electricity from waste, and thermal conversion systems

OPIC PARTNERS WITH LUMOS TO POWER NIGERIAN HOMES AND BUSINESSES

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, today signed an agreement recognizing a $15 million commitment by OPIC to finance Txtlight Power Solutions, Ltd. doing business as Nova-Lumos (Lumos), an off-grid electricity provider, to scale up a business that provides solar electricity to homes and small business throughout Nigeria. The signing was part of Secretary John Kerry’s Climate and Clean Energy Investment Forum.

OPIC PARTNERS WITH SOLARRESERVE AND ACWA POWER TO DEVELOP LANDMARK SOUTH AFRICAN SOLAR ENERGY FACILITY

As part of Secretary John Kerry’s Climate and Clean Energy Investment Forum, the Overseas Private Investment Corporation (OPIC) today signed an agreement with U.S. based energy developer SolarReserve and Saudi Arabia-based ACWA Power, recognizing OPIC’s $400 million commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project in Northern Cape, South Africa.

Delaney to Transportation Chairman: New Highway Bill Must Increase Infrastructure Investment

Congressman John K. Delaney (MD-6) wrote to House Transportation & Infrastructure Chairman Bill Shuster Thursday, urging him to increase baseline funding levels in the next highway bill. The Transportation & Infrastructure Committee is expected to markup a new highway bill next week. In his letter, Delaney wrote, “Instead of continuing our glide path to a third-world infrastructure, our next highway bill should reverse course and start our infrastructure comeback. A meaningful increase in our infrastructure investment will create millions of jobs and help our businesses stay competitive in the global economy.”

Capital Impact Partners Launches Age Strong Investment Initiative with AARP Foundation and Calvert Foundation

Capital Impact Partners today announced the launch of Age Strong™, an innovative social investment initiative that will lend a total of $70 million to enterprises that provide critical services and programs for struggling adults who are 50-plus. This initiative, in partnership with AARP Foundation and Calvert Foundation, aims to support enterprises and projects that create affordable homes, increase access to healthy foods, improve financial security, and offer more community-oriented models of care

Americans Think Homeownership is a Sound Investment

A vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price, according to a new survey from the National Association of Realtors®. The 2015 National Housing Pulse Survey also found that a preponderance of Americans think that now is a good time to buy a home.

Real Estate Investor Pleads Guilty to Bid Rigging and Fraud Conspiracies at Georgia Public Foreclosure Auctions

A Georgia real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Fulton and DeKalb counties, Georgia. Morris Podber admitted that he conspired with others not to bid against one another at public real estate foreclosure auctions on selected properties.

MEREDA’s Morning Menu Event: Real Estate Partnerships: How to make money while keeping your investors, your bank and the IRS happy.

In today’s complicated real estate market, rarely can one party bring all the resources needed to complete an ambitious real estate project. Whether it be capital, know-how or a below-market purchase option on a buildable lot in the East End, developers need partners! While partnerships present a great opportunity, they also have unique legal, tax and operating attributes that can ruin your longest friendship if not handled properly.

Real Estate Investor Pleads Guilty to Bid Rigging and Fraud Conspiracies at Georgia Public Foreclosure Auctions

A Georgia real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Fulton and DeKalb counties, Georgia.

New Report From ULI Highlights Financial Returns for Real Estate Developers and Owners Who Invest in Climate Resiliency Measures

As climate change poses greater financial risks to real estate in the form of near-term extreme weather events and longer-term impacts like sea-level rise, developers and owners are increasingly investing in new infrastructure and technologies, innovative design and construction methods as well as other resiliency strategies to not only protect their properties, but to create value for their developments, according to Returns on Resilience: The Business Case, released today by the Urban Land Institute (ULI)

New Report From ULI Highlights Financial Returns for Real Estate Developers and Owners Who Invest in Climate Resiliency Measures

As climate change poses greater financial risks to real estate in the form of near-term extreme weather events and longer-term impacts like sea-level rise, developers and owners are increasingly investing in new infrastructure and technologies, innovative design and construction methods as well as other resiliency strategies to not only protect their properties, but to create value for their developments, according to Returns on Resilience: The Business Case, released today by the Urban Land Institute (ULI)

Prize-winning Methodology for Evaluating CO2 Benefits of “Green” Investments Applied to Hannon Armstrong’s Latest Bond Offering

“The Alliance to Save Energy is proud to announce that its innovative CarbonCount™ methodology is now fully operational, having been used to certify the carbon reductions of a $118.6 million “green” bonds offering completed today by Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI). With this step, CarbonCount™ transitions from a heralded concept to a real-world tool that provides investors with a quantitative measure of projected carbon impacts for each investment dollar.

Solaria Corporation and Stem, Inc. Join ULI Greenprint Center for Building Performance as Innovation Partners

The Urban Land Institute (ULI) Greenprint Center for Building Performance, a worldwide alliance of leading real estate owners, investors and financial institutions committed to improving energy efficiency and reducing carbon emissions across the global property industry, has announced the addition of Solaria Corporation and Stem, Inc. as its newest innovation partners.