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Yearly Archives: 2013

FHFA Releases 2013 Performance and Accountability Report

WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today released FHFA’s 2013 Performance and Accountability Report (PAR) detailing the Agency’s progress as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises) and regulator of the 12 Federal Home Loan Banks (FHLBs). The PAR discusses accomplishments, ongoing efforts to assist homeowners, challenges and continued efforts to meet FHFA’s strategic goals for FY 2013

U.S. Transportation Secretary Foxx Announces $452 Million Loan for Louisville-Southern Indiana Ohio River Bridges...

WASHINGTON - December 16, 2013 - (RealEstateRama) -- U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $452 million to finance the Downtown Crossing section of the Louisville and Southern Indiana Ohio River Bridges Project.

CEDIA Launches New Comprehensive Industry Training Website

INDIANAPOLIS - December 16, 2013 - (RealEstateRama) -- The Custom Electronic Design and Installation Association has launched a new website and online learning portal that will serve as the go-to resource for home technology professionals, with exclusive content for CEDIA members. The new delivers robust content and tools aimed to help home technology professionals in every aspect of their business.

Partnership of Affordable Housing and Lending Organizations Provides Two New Resources for Housing Authorities...

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- – The Council of Large Public Housing Agencies (CLPHA), Enterprise Community Investment, Inc. (Enterprise), and National Equity Fund, Inc. (NEF), an affiliate of the Local Initiatives Support Corporation (LISC), have partnered to provide a workshop and an online tool for public housing authorities (PHAs) and others interested in the Rental Assistance Demonstration (RAD). A Department of Housing and Urban Development (HUD) program authorized in 2012 Congressional appropriations, RAD is a strategy for preserving deeply affordable housing at risk due to a lack of federal funds to address unmet capital backlog needs. CLPHA, Enterprise, and NEF’s workshop in Chicago this week will offer guidance to PHAs on putting together a successful RAD deal, including assembling a development team and financing, while the “R

#12 Government and Public Real Estate News

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on Friday about the $1.3 billion projected shortfall at the Federal Housing Administration (FHA).

Chairman Hensarling: A Broke FHA is a Broken FHA

Washington, - December 16, 2013 - (RealEstateRama) -- Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on Friday about the $1.3 billion projected shortfall at the Federal Housing Administration (FHA).

Urge Your Members of Congress to Fully Fund Housing Programs

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- The passage of a budget spending cap for FY2014 by the House, and expected passage next week by the Senate, Congress will quickly turn to finalizing appropriations for FY2014. Supporters of housing programs are urged to contact their Representatives and Senators to ask them to restore funding to key programs that were deeply cut under sequestration, as detailed in the below

NAR Praises Positive Federal Housing Administration Actuarial Review

WASHINGTON (December 13, 2013) - December 16, 2013 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown: “NAR is a strong supporter of the Federal Housing Administration and its vital role in the mortgage marketplace.

Helene Combs Dreiling, FAIA, Inaugurated as 2014 AIA President

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- Helene Combs Dreiling, FAIA, executive director of the Virginia Center for Architecture, was inaugurated as the 90th president of the American Institute of Architects (AIA) during ceremonies held on December 12th at the Andrew W. Mellon Auditorium. She succeeds Mickey Jacob, FAIA, in representing nearly 83,000 AIA members.

Homeowners Place High Premium on Walkable Communities and Mixed-use Developments

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- There has been a pronounced shift in housing and neighborhood preferences over the last decade, with strong and growing demand for infill development, mixed-use projects, access to public transportation, and high-density development. There is also an emerging desire for communities that promote a healthy lifestyle through more pedestrian-friendly design and increased access to recreational activities.

KTGY-designed $1 Billion 2,200-acre Master Planned Community Receives City Council Approval

IRVINE, CALIF. - December 16, 2013 - (RealEstateRama) -- Award-winning national firm KTGY Group, Inc., Architecture and Planning, is pleased to announce that the La Entrada Master Planned Community in the City of Coachella, Riverside County received unanimous approval by the City Council. Estimated at $1 billion-plus at build out, La Entrada is a 2,200-acre hillside master planned community located along the eastern foothills of the Coachella Valley, about 28 miles east of Palm Springs and 130 miles east of Los Angeles

Hanley Investment Group Sells IHOP in Queens (Flushing), NY

IRVINE, CALIF. - December 16, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Jonathan T. Selznick and Eric P. Wohl represented the seller in the sale of an IHOP in Flushing, NY. The purchase price was $2,900,000, which represented a 5.25% capitalization rate.

Agencies Issue Statement on Supervisory Approach for Qualified and Non-Qualified Mortgage Loans

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Four federal financial institution regulatory agencies today issued a statement to clarify safety-and-soundness expectations and Community Reinvestment Act (CRA) considerations related to Qualified Mortgage loans and non-Qualified Mortgage loans offered by regulated institutions.

Defendants in Two Financial Services Schemes Banned from Providing Mortgage and Debt Relief Services

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- The defendants in two separate alleged scams have settled charges with the Federal Trade Commission and will be banned from providing mortgage- and debt-relief services. The cases are part of the FTC’s continuing crackdown on scams targeting consumers in financial distress

Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound

C.W. Driver Completes Construction on Student Services and Academic Building at Moreno Valley College

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- C.W. Driver, a premiere builder serving California since 1919, has completed construction on the new 38,902-square-foot Student Services and Academic Building at Moreno Valley College in Riverside County. The $13 million, three-story facility will provide the student body of 7,000 with additional space for lectures, class preparation and study. Construction on the building began in April 2012 and was completed in November 2013

In 31st Annual Assessment of Hunger and Homelessness, Mayors Find Continued Growth in Demand

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- The 31st annual assessment of hunger and homelessness conducted by The U.S. Conference of Mayors, released recently in Washington, found continuing growth in the demand for emergency food and housing across 25 cities whose mayors are members of the Conference's Task Force on Hunger and Homelessness

NMHC/NAA Statement on Confirmation of Mel Watt as FHFA Director

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- Statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs, in response to Representative Mel Watt’s Confirmation as Director of the Federal Housing Finance Agency (FHFA)

FDIC Consumer Newsletter Highlights New Rules and Tips for Mortgage Borrowers

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- For anyone thinking about buying a home or shopping for a mortgage, the Fall 2013 issue of FDIC Consumer News features an overview of important rules taking effect soon that are intended to protect consumers from risky loans. The coverage includes practical tips when shopping for a loan and for avoiding mortgage scams. Additional articles offer suggestions on options to consider if an institution turns you down for an account based on a report of a previously closed checking or savings account, as well as information on using a financial institution's social media site to communicate or conduct business with a bank. Here's an overview of this issue, which also marks the 20th anniversary of the FDIC newsletter

#11 Government and Public Real Estate News

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- GSA’s Green Proving Ground program is exploring new ways to mitigate the impact of our built environment on the natural environment. The Green Proving Ground tests promising sustainable building technologies in the real-world setting of federal facilities to evaluate their potential to reduce resource consumption and improve building performance. Additionally, the Green Proving Ground seeks to provide data and insights that will accelerate the broader commercialization and deployment of sustainable building technologies.

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