Housing & Development

WASHINGTON, DC - November 15, 2011 - (RealEstateRama) -- The Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. This insurance Fund is the backbone of the FHA single-family and reverse mortgage programs. In reporting on findings of the annual independent actuarial study, HUD indicates that, in the midst of continued weakness in housing markets across the county, the MMI Fund capital ratio remains positive this year at 0.24 percent. With new risk controls and premiums put in place by the Obama Administration, the independent actuaries predict the Fund will return to the Congressionally-mandated threshold of two percent capital more quickly than was projected by last year’s review. The economic value of new insurance endorsements in FY 2011 for the Fund was nearly double that of FY 2010 endorsements, being close to $11 billion.

SANTA MONICA, CA - November 15, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise) today announced it has closed an $8.3 million Low Income Housing Tax Credit (Housing Credit) syndication deal to help Community Corporation of Santa Monica (CCSM) build High Place West Apartments, which will offer 47 units of affordable housing. High Place West will enable families earning 35 percent to 60 percent of area median income to live in the 32 two-bedroom and 15 three-bedroom apartments in a three-story building.

November 15, 2011 - (RealEstateRama) -- The U.S. Department of Energy recently recognized the launch of Santa Barbara County's energy efficiency financing program, one of the Department's Better Buildings Neighborhood projects. Called "emPowerSBC," this new program will allow homeowners in Santa Barbara, California to increase the comfort and affordability of their homes through energy-saving home upgrades such as improved insulation, windows and doors, and energy-efficient heating and cooling systems. This is one of 41 Better Buildings Neighborhood projects nationwide that are bringing the public and private sectors together to provide American homes and businesses with high quality and accessible energy improvements that save money and create new jobs.

Jackson, MS - November 14, 2011 - (RealEstateRama) -- A three day trial of a Hurricane Katrina contractor has ended with the defendant entering a guilty plea, announced Attorney General Jim Hood today.

Inland Empire, CA - November 14, 2011 - (RealEstateRama) -- The Cypress Pointe Homeowners Association has selected Merit Property Management, a FirstService Residential Management company, to manage 348 single-family homes in Victorville, CA. At buil...

BOISE, ID - November 14, 2011 - (RealEstateRama) -- Many are at risk of being left out in the cold this winter. The Home Partnership Foundation is challenging Idahoans to help bring families off the street by donating to the online campaign Avenues for...

NEW YORK, NY - November 14, 2011 - (RealEstateRama) -- U. S. Housing and Urban Development (HUD) Regional Administrator Adolfo Carrión, New York City Housing Authority Chairman John B. Rhea, and Michael A. Sabo, Network Director of the Veterans Affair...

Washington, DC - November 14, 2011 - (RealEstateRama) -- The U.S. Green Building Council’s (USGBC) LEED for Neighborhood Development rating system has been recognized by the Renewable Natural Resources Foundation (RNRF) with its 2011 Outstanding Achievement Award. LEED for Neighborhood Development integrates the principles of smart growth, urbanism and green building into the first national system for neighborhood design. The rating system was honored at an awards ceremony held on Nov. 10 in Washington, DC.

SEATTLE, WA - November 14, 2011 - (RealEstateRama) -- Mayor Mike McGinn today announced more than $27 million in capital funding for the construction of seven new apartment buildings that will serve homeless individuals, low-income families and seniors...

AUSTIN, TX - November 14, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) and State Representative Jim Pitts today announced a funding award to private developers constructing a new affordable rental property in...

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Following a report in the Toledo Blade showing that the City of Toledo is on track to raze a record number of abandoned houses this year, U.S. Sen. Sherrod Brown (D-OH) renewed his call for Con...

COLUMBUS, OH - November 14, 2011 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Midwest Regional Administrator Antonio R. Riley, United States Department of Rural Development State Director J. Anthony Logan, and Ohio Housing Fin...

Charleston, WV - November 14, 2011 - (RealEstateRama) -- Congresswoman Shelley Moore Capito (WV-02) announced today that affordable housing projects in Charleston, Fairmont, Martinsburg, Wayne, Wheeling, and White Sulphur Springs have been awarded more than $1.4 million in Affordable Housing Program (AHP) grants.

WASHINGTON, DC - November 14, 2011 - (RealEstateRama) -- U.S. Senator Bob Corker, R-Tenn., a member of the Banking, Housing and Urban Affairs Committee, today introduced the Residential Mortgage Market Privatization and Standardization Act to responsib...

Anaheim, CA - November 14, 2011 - (RealEstateRama) -- The struggling housing market needs to be a priority on the nation’s public policy agenda, because housing and homeownership issues affect all Americans. That was the message from speakers at the Legislative and Political Forum yesterday at the 2011 Realtors® Conference & Expo here.

BEDFORD, N.H. - November 14, 2011 - (RealEstateRama) -- New Hampshire Housing Finance Authority’s Board of Directors committed to financingthree major projects in three New Hampshire communities at their recent board meetings; the projects ar

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- With the November 23, 2011 legal deadline looming, the Congressional Super Committee focused on deficit reduction may be inching a little closer to an agreement. The Republicans and Democrats on the Super Committee recently presented alternative proposals which appear to have been more for public consumption and political advantage than for true deal making.

Albany, NY - November 14, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced three new initiatives to help veterans obtain affordable housing upon their return to New York State. The Governor is committing $25 million to housing assist...

Anaheim, CA - November 14, 2011 - (RealEstateRama) -- Although the housing market struggled to maintain an even footing in 2011, gradual improvement is expected in 2012 and beyond, according to projections at a residential forum here at the 2011 Realtors® Conference & Expo.

Outer Banks, NC - November 14, 2011 - (RealEstateRama) -- Outer Banks Real Estate by Bill Holt reports about the anticipated events by every Outer Banks residents for the month of November. This month, locals can look forward of sports, holiday season ...