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GAO Recommends Joint IRS-HUD Oversight of the Housing Credit Program

The U.S. Government Accountability Office (GAO) yesterday released its report on federal oversight of the Low Income Housing Tax Credit program, which concludes that there are deficiencies in the Internal Revenue Service’s (IRS) oversight of the program and recommends that Congress consider designating HUD as a joint administrator of the program.

Subcommittee Examines HUD’s Public and Indian Housing Programs

The Financial Services Housing and Insurance Subcommittee held a hearing today to conduct oversight of the Department of Housing and Urban Development’s (HUD) Public and Indian Housing programs.

FY2016 Conference Committee Budget Provides Increased Investments for Affordable Housing and Homelessness Prevention Programs

On July 8, 2015, the Conference Committee released its recommendations for the FY2016 State Budget(link is external). The Legislature adopted the $38.1 billion budget and sent it to Governor Baker for his consideration. The Governor has ten days to sign or veto portions of the budget.

Public – Private Partnership Launches New AmeriCorps Program to Help Communities Build Resilience

Building on the President’s Climate Action Plan, today the Corporation for National and Community Service (CNCS), the Department of Energy (DOE), the Environmental Protection Agency (EPA), the National Oceanic and Atmospheric Administration (NOAA), The Rockefeller Foundation, and Cities of Service, announced a new commitment to launch a Resilience AmeriCorps pilot program

BOMA INTERNATIONAL UPDATES GROUNDBREAKING BEPC MODEL

The Building Owners and Managers Association (BOMA) International announces the release of an update to its groundbreaking BOMA Energy Performance Contracting (BEPC) Model to reflect new and emerging best practices. BEPC was created in 2008 by BOMA International in partnership with the Clinton Climate Initiative (CCI) and in collaboration with major real estate companies and energy service companies (ESCOs).

The Demand Institute Launches New Research Program

Americans spend $2 trillion each year buying, renting or improving their homes. Billions more are spent on related goods and services, including appliances, furniture and financial services. The housing sector is central to American life, and it continues to be integral to the economic well-being of families, businesses and the nation.

House FY 2016 THUD Bill Cuts Critical Housing Programs

Earlier today, the House Transportation-Housing and Urban Development (THUD) Appropriations Subcommittee held its mark-up of the Fiscal Year (FY) 2016 THUD funding bill. The bill provides $55.3 billion in discretionary spending for transportation and housing programs, but falls $1.5 billion short of what HUD says it needs just to maintain current programs in FY 2016 and is $9.7 billion less than the Administration's budget request.

NREL Report Estimates Market Potential of Shared Solar and Discusses Relevant Securities Regulations

Analysis from the Energy Department's National Renewable Energy Laboratory (NREL) finds that by making shared solar programs available to households and businesses that currently cannot host on-site photovoltaic (PV) systems shared solar could represent 32 to 49 percent of the distributed photovoltaic market in 2020.

HUD Provides Additional Funds for Nearly 900 Local Homeless Programs Across the Country

WASHINGTON - June 23, 2014 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has announced a second round of grants totaling $140 million to nearly 900 local homeless assistance programs across the country. Provided through HUD’s Continuum of Care Program, this funding will ensure additional permanent and transitional housing renewal projects are able to continue operating in the coming year, providing critically needed housing and support services to those persons and families experiencing homelessness

HUD Awards $29 Million To 26 Local HIV-AIDS Housing Programs

WASHINGTON, D.C. - April 28, 2014 - (RealEstateRama) -- HUD announced $29 million in grants to assist more than 1,200 extremely low-income persons and families living with HIV/AIDS annually. This funding will provide these households with a stable living environment, which is essential to accessing healthcare and HIV related services. In addition to housing assistance, these local programs will provide access to the needed supportive services such as life skills, job readiness services and employment training

FHFA Announces Milestone: More Than 3 Million Homeowners Helped by Foreclosure Prevention Programs

WASHINGTON, D.C. - December 24, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac have reached a significant milestone, completing more than 3 million foreclosure prevention actions since the start of conservatorship in September 2008. FHFA noted this milestone in its third quarter Foreclosure Prevention Report (also known as the Federal Property Manager’s Report), which details results of foreclosure prevention programs.

Christie Administration Announces Close of Application Period for Reconstruction, Rehabilitation, Elevation and Mitigation (RREM)...

Trenton, NJ - July 16, 2013 - (RealEstateRama) -- The Christie Administration today announced that Sandy-impacted homeowners have until August 1, 2013 to apply for the Homeowner Resettlement and Reconstruction, Rehabilitation, Elevation and Mitigation ...

GOVERNOR PATRICK ANNOUNCES MASSACHUSETTS HOME OWNERSHIP COMPACT

DORCHESTER - June 11, 2013 - (RealEstateRama) -- Governor Deval Patrick today kicked-off Commonwealth Housing Week by announcing a new compact that creates a goal of providing 10,000 mortgage loans to first-time homebuyers over the next five years. The...

KANSAS HOUSING RELEASES REQUEST FOR PROPOSAL FOR MODERATE INCOME HOUSING PROGRAM

TOPEKA - June 6, 2013 - (RealEstateRama) -- In response to the increased need for workforce housing throughout Kansas, the 2013 State Legislature has provided $2 million to the State Housing Trust Fund for the purpose of administering and supporting ho...

Assembly Approves Legislation to Strengthen Mitchell-Lama Housing Program

WASHINGTON, D.C. - June 6, 2013 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Housing Committee Chair Keith L.T. Wright today announced the approval of a comprehensive package of legislation that would help to preserve Mitchell-Lama housing...

Cuyahoga County Property Receives Covenant Not to Sue Under Ohio EPA’s Voluntary Action Program

WASHINGTON, D.C. - June 6, 2013 - (RealEstateRama) -- Through the voluntary efforts of a Cleveland property owner, another area brownfield has been investigated and remediated under Ohio EPA's Voluntary Action Program (VAP), and is ready for redevelopm...

NREL Highlights 2012 Utility Green Power Leaders

WASHINGTON, D.C. - June 5, 2013 - (RealEstateRama) -- The Energy Department’s National Renewable Energy Laboratory (NREL) today released its assessment of leading utility green power programs. Under these voluntary programs, residential and commercial consumers can choose to help support additional electricity production from renewable resources – such as wind and solar – that diversify our nation’s energy portfolio and protect our air and water

Cassidy to Introduce Flood Insurance Protection Amendment

WASHINGTON, DC - June 3, 2013 - (RealEstateRama) -- Congressman Bill Cassidy, M.D. today announced he will introduce an amendment to the FY 2014 Homeland Security Appropriations bill to protect America’s home owners from rate increases in the Nationa...

Kansas Housing to Hold Town Hall Meetings on Moderate Income Housing Program

TOPEKA - June 3, 2013 - (RealEstateRama) -- Kansas Housing Resources Corporation (KHRC) will host four town hall meetings this month to discuss an initiative designed to help cities and counties develop moderate income housing and infrastructure in rur...

Tiffin Property Approved for Redevelopment

WASHINGTON, D.C. - June 3, 2013 - (RealEstateRama) -- Through the voluntary efforts of the property owner, a Tiffin brownfield is ready for redevelopment after undergoing investigation under Ohio EPA’s Voluntary Action Program (VAP). Ohio EPA has iss...

Business Real Estate Press Releases

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Distinctive Single-Family Homes in Costa Mesa Win Design Award

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning has been recognized by the Building Industry Association’s (BIA) Greater Sales and Marketing Council’s 2018 SoCal Awards program. Vitae in Costa Mesa received the SoCal Award for “Best Design Detached Home Under 2,000 SF.” This year’s competition drew more than 500 entries.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Number of Real Estate Teams is Growing, NAR Survey Finds

Teams are becoming more common in the real estate industry as an increasing number of Realtors®, members of the National Association of Realtors®, consider themselves a member of a real estate team, according to a new survey by NAR.