Archives
Littleton Rental Project Receives Financing Approval
BEDFORD, N.H. - February 8, 2011 - (RealEstateRama) -- At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved the commitment of just over $1 million in federal HOME Investment Partnership funds that will be used to add 25 new affordable rental units to the state’s housing supply. In addition, this project will retain or create approximately 60 construction-related jobs during these challenging economic times.
Funds Available for Existing Emergency Housing Shelters
Pierre, SD - February 8, 2011 - (RealEstateRama) -- South Dakota Housing Development Authority (SDHDA) is now accepting applications for the Emergency Shelter Grants Program. The Emergency Shelter Grants (ESG) Program, which is funded by the U.S. Depar...
Your Input Wanted on the Appropriation of Funds for Neighborhood Stabilization
PIERRE, S.D. - February 8, 2011 - (RealEstateRama) -- Citizens across South Dakota are invited to review and provide comments on South Dakota Housing Development Authority’s (SDHDA) Neighborhood Stabilization Program Plan (NSP) and its appropriation ...
Private Sector and Government Working Together to Promote Sustainable Building Practices
FALLS CHURCH, VA. - February 8, 2011 - (RealEstateRama) -- Noblis, in collaboration with CTG Energetics and the U.S. Green Building Council (USGBC), is pleased to announce the release of the U.S. General Services Administration’s (GSA’s) Sustainable Facilities Tool
MacArthur Awards $5.6 Million to Support Research on How Housing Matters to Children, Families,...
Chicago, IL - February 7, 2011 - (RealEstateRama) -- The John D. and Catherine T. MacArthur Foundation today announced nine grants totaling $5.6 million for research to explore the role housing plays in the long-term health and well-being of children, families, and communities. Recipients will mine and connect existing data sets, such as the U.S. Census and school statistics, in new ways to reveal insights into the effectiveness of housing policies and related public programs
Snowe, Feinstein, Bingaman Applaud White House Support for Increasing Energy Efficient Commercial Building Tax...
WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- U.S. Senators Olympia J. Snowe (R-Maine), Dianne Feinstein (D-California) and Jeff Bingaman (D-New Mexico) applauded President Obama’s support for provisions in S. 1637, the Expanding Build...
PRESIDENT OBAMA’S NEW COMMERCIAL BUILDING EFFICIENCY EFFORT WILL SAFEGUARD THE ENVIRONMENT WHILE BOOSTING THE...
February 4, 2011 - (RealEstateRama) -- Finding Ways to Encourage Private Sector Energy Upgrades Will Do More to Cut Emissions and Create New Jobs than any “Cap & Trade” Scheme, Top Construction Official Notes
Equity Capital Eyes The Apartment Sector Says NMHC Quarterly Market Conditions Survey
WASHINGTON, DC – The apartment industry continues its broad-based recovery, according to the National Multi Housing Council's (NMHC) latest Quarterly Survey of Apartment Market Conditions.
Realtors® Praise FHFA for Proposed Rule to Prohibit Private Transfer Fees
Washington, DC - February 4, 2011 - (RealEstateRama) -- The National Association of Realtors® applauds the Federal Housing Finance Agency for moving ahead with a proposed rule to restrict government-sponsored enterprises Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants
President Obama’s Green Building Initiative will Create Jobs, Save Energy and Save Money
Washington, D.C. – The U.S. Green Building Council (USGBC) today applauded a key element of President Obama’s plan to “win the future” by making America’s commercial buildings more energy- and resource-efficient over the next decade. The President’s plan, entitled Better Buildings Initiative, catalyzes private-sector investment through a series of incentives to upgrade offices, stores, schools and universities, hospitals and other commercial and municipal buildings.
HUD Report Shows Unprecedented Increase in Need for Housing Aid
Washington, DC - February 3, 2011 - (RealEstateRama) -- HUD’s biannual report to Congress on the housing needs of low income Americans shows that a record number of very low income households have severe housing problems, particularly housing costs that far exceed what they can afford to pay. The National Low Income Housing Coalition calls on Congress and the Administration to heed the findings of the Worst Case Housing Needs 2009 report and spare federal housing aid programs from the budget cuts that many are threatening
Freddie Mac Announces 2010 Multifamily Volumes for Whole Loans and Bond Guarantee Business
McLean, VA - February 3, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it had approximately $15 billion in volume for its multifamily whole loan and bond guarantee business (multifamily mortgage settlements), compared to almost $17 billion in 2009. This volume includes Freddie Mac’s targeted affordable housing products, which finance apartments that receive some form of government subsidy.
Apartment Groups Welcome Obama “Better Buildings Initiative”
WASHINGTON, DC - February 3, 2011 - (RealEstateRama) -- The National Multi Housing Council (NMHC) and the National Apartment Association (NAA) released the following statement concerning the Better Buildings Initiative announced by President Obama today. The statement was issued by NMHC/NAA's Vice President of Energy and Environment, Eileen Lee.
Building Systems Councils of NAHB Honors Industry Veteran
WASHINGTON, D.C. - February 3, 2011 - (RealEstateRama) -- The Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) honored David Endy for a lifetime of service and achievement in advancing the systems-built industry and contributing to the efforts of the BSC.Endy, president of Stratford Homes LP based in Stratford, Wis., received the S.A. Walters Systems-Built Achievement Award at an awards ceremony and luncheon held during the BSC's annual SHOWCASE event held in New Orleans Nov. 7-10. The S.A. Walters Systems-Built Achievement award is given annually to an individual who has made significant contributions to the industrialized housing industry in the United States.
Mortgage Servicers Completed 1.76 Million Loan Modifications for Homeowners in 2010
WASHINGTON, DC - February 2, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its final 2010 loan modification data, which shows that an estimated 1.76 million homeowners received permanent, affordable loan modifications from mortgage servicers in 2010.
Home Prices in 17 States to Rise in 2011
Destin, FL - February 2, 2011 - (RealEstateRama) -- Housing markets in 17 states are forecast to see home prices go higher in 2011, according to Housing Predictor analysts
NARI Announces Regional Winners of the 2011 CotY Awards
Des Plaines, IL - February 1, 2011 - (RealEstateRama) -- One hundred and forty Regional “Contractor of the Year” (CotY) Winners were named by the National Association of the Remodeling Industry (NARI) during this year’s regional competition. Judging for the regional projects took place at NARI’s national headquarters in Des Plaines, Illinois, in the first week of January.
HUD REPORTS 20 PERCENT JUMP IN “WORST CASE NEEDS” FROM 2007 TO 2009
WASHINGTON, DC - February 1, 2011 - (RealEstateRama) -- In a report to Congress released today, the U.S. Department of Housing and Urban Development (HUD) found that “worst case housing needs” grew by nearly 1.2 million households, or more than 20 percent, from 2007 to 2009 and by 42 percent since 2001. “Worst case housing needs” are defined as low-income households who paid more than half their monthly income for rent, lived in severely substandard housing, or both.
Obama Administration Releases January Housing Scorecard
WASHINGTON, DC - February 1, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration's Housing Scorecard. The latest housing figures show increased new and existing home sales as home affordability remains high, but officials caution that the market remains fragile, as prices are unsettled. Foreclosure starts and completions remained low at the year’s end, as lenders continue to review internal servicing procedures.
FHFA Announces Consolidation of Office Locations
Washington, DC - February 1, 2011 - (RealEstateRama) -- FHFA Acting Director Edward J. DeMarco today announced the agency will consolidate its three office locations into one, moving from Northwest, Washington, D.C. to Constitution Center at 400 Seventh St., Southwest. FHFA anticipates the move beginning in November 2011