Housing & Development

WASHINGTON, D.C. - November 8, 2011 - (RealEstateRama) -- John A. Courson, an established housing industry executive who most recently served as the president and chief executive officer of the Mortgage Bankers Association (MBA), has been tapped to become the new president and chief executive officer of the Home Builders Institute (HBI).

ANCHORAGE, AK - November 7, 2011 - (RealEstateRama) -- Alaska Housing Finance Corporation (AHFC) this week announced the formation of a subsidiary to positively impact additional development of public housing that will be known as the Corporation for A...

WASHINGTON, D.C. - November 7, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) will host a media teleconference tomorrow to discuss the need for Congress to support the extension of higher loan limits for the GSEs and FHA.

WEEHAWKEN, NJ - November 7, 2011 - (RealEstateRama) -- Officials from Roseland Property Company, Lennar Urban and the Township of Weehawken broke ground on a new Henley on Hudson waterfront condominium building on Nov. 1 within the Port Imperial mixed-use development in Weehawken, NJ.

WASHINGTON, D.C. - November 7, 2011 - (RealEstateRama) -- According to an online house price estimator and economic model just updated by the National Association of Home Builders (NAHB), a third full bathroom is the one feature that can have the greatest impact on the value of a standard new single-family detached house in a Southern suburb, increasing the estimated price by about $43,000.

Des Moines, IA - November 7, 2011 - (RealEstateRama) -- Congressman Leonard Boswell (IA-3) sent a letter to House Conferees to H.R. 2112 urging them to reject language contained in the legislation that would restore the currently expired Federal Housin...

NEWTOWN SQUARE, PA - November 7, 2011 - (RealEstateRama) -- Balfour Beatty Communities, LLC (BBC), a subsidiary of Balfour Beatty Capital Group, Inc. and one of the leading Public-Private Partnership (PPP or P3) providers of housing, lifestyle and community solutions for members of the U.S. military and their families, is pleased to announce that it has been selected by the Department of the Air Force as the highest ranked offeror (HRO) for the privatization of family housing under the Northern Group Housing Privatization Project. The project includes six Air Force bases, including Minot AFB, Grand Forks AFB and Cavalier AFS, each located in North Dakota; Ellsworth AFB, located in South Dakota; Mountain Home AFB, located in Idaho; and Cannon AFB, located in New Mexico.

WASHINGTON, D.C. - November 7, 2011 - (RealEstateRama) -- The number of improving housing markets continued to expand for a third consecutive month in November, rising from 23 to 30 on the latest National Association of Home Builders/First American Improving Markets Index (IMI), released today. The list dropped two metros and added nine new ones – Cheyenne, Wyo.; Corpus Christi, Tex.; Davenport, Iowa.; Fort Collins, Colo.; Hinesville, Ga.; Lima, Ohio; Monroe, La.; Tyler, Tex.; and Williamsport, Pa.

WASHINGTON, DC - November 7, 2011 - (RealEstateRama) -- A broad spectrum of real estate, business, lending, manufacturing, environmental and energy efficiency organizations led by The Real Estate Roundtable, U.S. Green Building Council and the Natural Resources Defense Council have launched a joint initiative focused on energy efficiency policies that will create new jobs and boost economic growth.

WASHINGTON, DC - November 4, 2011 - (RealEstateRama) -- On November 2, the International Code Council (ICC) honored Ron Nickson, Vice President of Building Codes for the National Multi Housing Council/National Apartment Association (NMHC/NAA) Joint Legislative Program, with their 2011 ICC Affiliate Award in recognition of his 30 years of service to the industry.

WASHINGTON, DC - November 4, 2011 - (RealEstateRama) -- The National Housing Conference, known as the united voice for housing, today commended the Department of Housing and Urban Development’s announcement of proposed rules to strengthen oversight of the $1.6 billion HOME Investment Partnerships Program, which has been accused of waste and lax oversight. HUD’s announcement comes after NHC testified alongside current and former HUD employees this week in a joint hearing before the House Subcommittee on Insurance, Housing and Community Opportunity and the House Subcommittee on Oversight and Investigations.

COLUMBUS, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC provided permanent financing for three assisted living senior communities in north-central Ohio utilizing FHA Section 232/223(f) mortgage insurance and Ginnie Mae Mortgage ...

Columbus, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC has provided one of the nation’s first Fannie Mae DUS ARM 7-6 (“Fannie Mae 7-6”) structured product loans for a 46-unit/52-bed Memory Care Facility located in Louisvi...

Columbus, OH - November 4, 2011 - (RealEstateRama) -- Multifamily experts from comprehensive capital provider RED CAPITAL GROUP, LLC’s proprietary lending group closed a $20,000,000 first mortgage interim loan on a recently redeveloped 15-story high ...

WASHINGTON, DC - November 4, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD is proposing new regulatory requirements under its HOME Investment Partnerships Program (HOME). HOME is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families.Since 1992, the HOME Program has successfully assisted more than one million affordable homes for lower income families. However, Secretary Donovan believes the program can be strengthened to significantly boost the program’s performance at the local level.

WASHINGTON, DC - November 3, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the October edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as new home sales rose compared to August, but were still slightly down from the prior year. Mortgage defaults and foreclosure sales continued a downward trend as more homeowners were able to secure mortgage relief. However, foreclosure completions ticked slightly upward in September after months of decline.

November 3, 2011 - (RealEstateRama) -- At a hearing today, National Low Income Housing Coalition board member and legal services attorney Charles Elsesser will testify before a House panel in support of an Administration proposal on public housing conversion

COLUMBUS, OH - November 3, 2011 - (RealEstateRama) -- More than 1,400 affordable housing professionals across Ohio and the nation are expected to gather at the Greater Columbus Convention Center November 29-December 1 for the 2011 Ohio Housing Conferen...

WASHINGTON, DC - November 3, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it has reached an agreement with Luxury Mortgage Corporation (LMC), a mortgage lender based in Stamford, Connecticut, settling accusations that the lender discriminated against a woman by denying her mortgage loan because she was on maternity leave. Under the settlement, LMC agrees to pay the woman who was denied the mortgage $12,000.

WASHINGTON, DC - November 3, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the October edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as new home sales rose compared to August, but were still slightly down from the prior year. Mortgage defaults and foreclosure sales continued a downward trend as more homeowners were able to secure mortgage relief. However, foreclosure completions ticked slightly upward in September after months of decline.