Yearly Archives: 2015

The Connecticut Housing Finance Authority (CHFA) plans to offer up to $60.3 million in Tax Exempt Bonds to finance six affordable multifamily rental developments: Billings Forge in Hartford, Charles Street Apartments in Meriden, Frost Homestead in Waterbury, Laurelwood Apartments in Bridgeport, Old Talcott Mill in Vernon, and Trinity Park in Stamford, totaling 488 units.

The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS

U.S. Representative Mike Coffman (CO-06) announced his Co-Sponsorship of H.R. 4114, legislation to assist first-time homebuyers. “Homeownership is a crucial component of the American Dream and that is why I’m committed to passing this legislation.”

Mayor Edwin M. Lee and Supervisor Breed announced the historic transfer of 15 public housing sites and 1,425 units to community-based nonprofit ownership as part of the Mayor’s 2013 Re-Envisioning Public Housing Plan and the Department of Housing and Urban Development’s Rental Assistance Demonstration Program (RAD).

The U.S. Department of Housing and Urban Development (HUD) announced the availability of new funding to help local communities across the country to redevelop severely distressed public and HUD-assisted housing and transform surrounding neighborhoods. The funding announcement introduces an additional, innovative component to the Choice Neighborhoods Planning Grant, called Planning and Action Grants.

During the prolonged housing downturn, green homes provided support to the ailing residential market and now promise to be an important element of the recovering market as well, according to a new study conducted by Dodge Data & Analytics, in partnership with the National Association of Home Builders (NAHB) and with the support

Following is a comment from Rhone Resch, president and chief executive officer of the Solar Energy Industries Association (SEIA), on reports that New York is going to establish a mandatory 50 percent renewable portfolio standard by 2030.

The Mortgage Bankers Association Opens Doors Foundation (MBA Open Doors) today announced that Arch Capital Group Ltd. (Arch Capital), has made a very generous contribution. MBA Opens Doors is a non-profit organization dedicated to providing assistance to families with a critically ill or injured child by making their mortgage or rent payment. Arch Capital's generous donation has earned them recognition as an Opens Doors Foundation Guardian and is the largest single donation in Foundation history.

Ply Gem Industries, a manufacturer of exterior building products in North America, is proud of its 70-plus-year history of offering home exterior building products and solutions. Now, as part of the Home for Good Project, Ply Gem is giving back by uniting with Grammy award-winning country superstar Alan Jackson and low-income families to build affordable housing in partnership with Habitat for Humanity.

wo Utah companies are running a nationwide abusive scheme that purports to use false tax deductions and claims of the solar energy credit to reduce their customers’ federal income tax liability, according to a complaint filed today by the Justice Department.  The United States’ complaint seeks to stop Utah companies RaPower-3 LLC and International Automated Systems Inc

Two Utah companies are running a nationwide abusive scheme that purports to use false tax deductions and claims of the solar energy credit to reduce their customers’ federal income tax liability, according to a complaint filed today by the Justice Department.  The United States’ complaint seeks to stop Utah companies RaPower-3 LLC and International Automated Systems Inc.; Utah residents R. Gregory Shepard and Neldon Johnson; Nevada company LTB1 LLC and Oregon resident Roger Freeborn, from facilitating and promoting the allegedly abusive tax scheme.

October residential real estate sales indicate sustained market improvement, with a rise of over five percent from the same time period last year. Higher volume coupled with a higher median sales price accounts for the bump in overall transactional value from $2.59 to $2.72 billion. According to the October 2015 Home Sales Report released by the Virginia Association of REALTORS® (VAR), sales each month this year have exceeded the sales for the corresponding months in 2014.

The 2015 New York State housing market growth trend continued into October, reaching the highest level of closed sales for the month in more than 25 years, according to the housing market report released today by the New York State Association of REALTORS. October 2015 closed sales increased nearly 2 percent to reach 11,216.

The U.S. Department of Energy (DOE) and Israel’s Ministry of National Infrastructure, Energy and Water Resources (MIEW) today announced $5.1 million for six newly selected clean energy projects as part of the Binational Industrial Research and Development (BIRD) Energy program. Today’s announcement represents the seventh annual selection of BIRD Energy projects, which support President Obama’s comprehensive efforts to combat climate change and develop low-carbon alternatives to traditional energy sources.

Senator John Hoeven today held a community roundtable at Watford City High School to take questions from students and area residents. There were approximately 100 high school students, including Watford City High School’s senior class and two classes of social studies/government students. Scott Hennen, host of What’s on Your Mind, served as the event moderator.

The New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local officials and representatives from Bergen County United Way and Madeline Housing Partners, LLC to celebrate the grand opening of Tenafly Supportive Housing, a six-unit affordable housing development for special needs individuals in Tenafly Township, Bergen County.

Many Arlington County homeowners have received correspondence, signed by Jud Allen of Express Homebuyers, falsely claiming that these owners owe real estate taxes and that the County may take their homes away from them due to delinquent taxes, Arlington County Treasurer Carla de la Pava said.

U.S. Sen. Sherrod Brown (D-OH), ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and a member of the U.S. Senate Committee on Veterans’ Affairs, outlined legislation to improve programs for homeless veterans and their families in Warren today. According to the National Coalition for Homeless Veterans, about 12 percent of the adult homeless population is comprised of veterans

The Securities and Exchange Commission today announced fraud charges against a former stockbroker accused of stealing investor money to remodel his house and pay other bills. The SEC alleges that Bernard M. Parker raised more than $1.2 million from his longstanding brokerage customers and others who were told they were purchasing legitimate real estate tax lien certificates and would earn returns of six to nine percent annually

Congresswoman Alma S. Adams (NC-12) today introduced a resolution which is aimed at addressing and combating homelessness in America. The resolution calls on Congress to provide adequate funding for federal affordable housing programs