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Enterprise Receives $62 Million in New Markets Tax Credit Allocation from CDFI Fund

COLUMBIA, MD - February 25, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in community development and affordable housing, today secured $62 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). Enterprise is one of 99 Community Development Entities receiving an allocation of the $3.5 billion in NMTC awarded as part of the Tax Relief, Unemployment Insurance Authorization and Job Creation Act of 2010. This new allocation brings Enterprise’s total NMTC awards to $672 million, $595.5 million of which has previously been invested in low-income communities nationwide, making it one of the largest allocatees of NMTCs in the country

Crescent Resources Names Well-Known Real Estate Attorney General Counsel

CHARLOTTE, N.C. - February 25, 2011 - (RealEstateRama) -- … Crescent Resources, LLC hired Charlotte real estate attorney Nina Shor to serve as general counsel and create the company’s in-house legal department. Shor brings more than 25 years of experience to the new post

Second Phase of Downtown Revitalization Plan for Spring Valley Kicks Off With Groundbreaking for...

SPRING VALLEY, NY - February 24, 2011 - (RealEstateRama) -- Continuing a comprehensive urban renewal plan to revitalize downtown Spring Valley, Village, County, Town and State officials today joined with representatives of CPC Resources, Inc. and Rockland Housing Action Coalition to celebrate the groundbreaking of a multi-use development featuring affordable housing and commercial space in downtown Spring Valley.

FBI Chicago Building Receives “The Outstanding Building of the Year Award” from BOMA Chicago

February 24, 2011 - (RealEstateRama) -- USAA Real Estate Company is pleased to announce that the Federal Bureau of Investigation Regional Facility located in Chicago, Illinois recently has been awarded The Outstanding Building of the Year Award (TOBY) in the highly competitive Chicago market.

Begich, Klobuchar, Bipartisan Group of Senators Introduce Bill to Fight Homelessness Among America’s Veterans

Washington, D.C. - February 24, 2011 - (RealEstateRama) -- U.S. Senators Amy Klobuchar (D-MN), Scott Brown (R-MA), Mark Begich (D-AK), James Inhofe (R-OK), Bill Nelson (D-FL), Robert Casey (D-PA), and John Cornyn (R-TX) have introduced bipartisan leg...

New-Home Sales Decline 12.6 Percent in January

WASHINGTON, D.C. - February 24, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 12.6 percent to a seasonally adjusted, annual rate of 284,000 units in January, according to newly released figures from the U.S. Commerce Department. The decline largely offsets a big gain in sales activity that was recorded in the previous month due partly to an expiring tax break in California."While poor weather conditions likely played a part in keeping potential buyers on the sidelines this January, we do expect consumer demand to improve somewhat along with job-market gains heading into the spring buying season," noted Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev.

ANNUAL STUDY REPORTS A DECREASE IN HOUSING AFFORDABILITY FOR AMERICA’S WORKING HOUSEHOLDS

Washington, DC - February 24, 2011 - (RealEstateRama) --Although home values have continued to fall over the past few years, housing affordability has significantly decreased for working owners and renters, according to an annual report released by the Center for Housing Policy, the research affiliate of the National Housing Conference. The report, titled Housing Landscape 2011, provides an in-depth look at housing affordability trends for working households between 2008 and 2009 focusing on the effects of employment, income and housing costs

House Price Index Falls 0.8 Percent in Fourth Quarter 2010; House Prices Decline in...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- U.S. house prices fell in the fourth quarter of 2010 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, was 0.8 percent lower on a seasonally adjusted basis in the fourth quarter than in the third quarter of 2010. The unadjusted national decline was 2.2 percent. Over the past year, seasonally adjusted prices fell 3.9 percent from the fourth quarter of 2009 to the fourth quarter of 2010

Individual State Reports for Commercial Real Estate Development and Construction’s Significant Impact on the...

Washington, D.C. - February 23, 2011 - (RealEstateRama) -- The NAIOP Research Foundation has made individual state reports available that detail the state's data for commercial construction spending, employment and personal earnings in a 2009 vs. 2007 comparison.

Tenant Advocates Petition Federal Housing Administration to Stop Misleading Residents About Their Rights Under...

WASHINGTON, D.C. - February 23, 2011 - (RealEstateRama) -- The National Housing Law Project, the National Low Income Housing Coalition, the National Law Center on Homelessness and Poverty and the Housing Justice Network have petitioned the Federal Housing Administration (FHA) to stop forcing lenders to give misleading and deceptive information to tenants in foreclosed homes – information that leads tenants to forego rights guaranteed to them by the federal Protecting Tenants at Foreclosure Act (PTFA)

Hire A contractor To Renovate Your Home

February 23, 2011 - (RealEstateRama) -- A home is a vital component for many families and single individuals alike. A home consists of many different components and regions, all of which must be put together immaculately and in perfect order to make your home as comfortable as it can be. Hire-a-contractor-now.com is a website which is capable of advising and selling products with which one can complete home repairs and improvements.

Maryland Development Becomes 2,000th NAHB Research Center Green Certified Project

Upper Marlboro, MD - February 22, 2011 - (RealEstateRama) -- Murphy’s Run, a 42-site residential development in Cecil County, Md., is the 2,000th project nationwide to be certified by the NAHB Research Center to the exacting resource conservation requirements of the National Green Building Standard. It is the 12th green development certified by the Research Center in its National Green Building Certification Program. In total, this milestone certification now represents more than 3,200 individual residential units and developments for the national program

HOUSING AGENCY RECOGNIZES BOND COUNSEL

BISMARCK, ND - February 22, 2011 - (RealEstateRama) -- The Industrial Commission of North Dakota and the North Dakota Housing Finance Agency (NDHFA) honored former bond counsel Maurice “Maury” E. Cook at the 20th Annual Statewide Housing Conference. Cook was recognized for his visionary leadership in the creation of the Housing Finance Agency and for his dedicated service to the state of North Dakota.

New Hampshire Housing Names Top 10 Loan Originators

BEDFORD, N.H. - February 22, 2011 - (RealEstateRama) -- New Hampshire Housing Finance Authority recently named its “Top 10” loan originators for 2010. These individuals originated more than 146 loans and generated over $23 million in first-time...

Census Bureau Releases Detailed Data on Seattle Metro Area Housing

February 22, 2011 - (RealEstateRama) -- Homeowners in the Seattle-Tacoma, Wash., metro area paid a median of $1,576 in monthly housing costs in 2009, compared with $1,019 for renters, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development. Renters, however, typically paid a higher percentage of their household income on housing costs than did owners (30 percent compared with 23 percent). These figures come from the 2009 American Housing Survey (AHS), which provides extensive data on the quality and characteristics of the housing supply in selected metropolitan areas around the nation. Data for these areas are published on a rotating basis. In addition to Seattle, data were released today for the New York, Chicago, Philadelphia, Northern New Jersey, and Detroit metro areas.

FHLBank San Francisco Awards $36.6 Million in Affordable Housing Grants in Eight States

February 22, 2011 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $36.6 million in Affordable Housing Program (AHP) grants in the second round of its 2010 funding competition. The grants approved by the Bank’s Board of Directors in AHP Round B were awarded to 60 projects that address the affordable housing needs of communities in Arizona, California, Colorado, Illinois, Michigan, Nevada, New Jersey, and Washington, and will produce or preserve 3,213 housing units that are affordable to lower-income individuals and families. The total amount of AHP funds awarded in 2010 is $69.1 million.

ForRent.com Unveils Exclusive Partnership with Oodle

NORFOLK, VA - February 22, 2011 - (RealEstateRama) -- For Rent Media Solutions™, a leading resource for searching apartments nationwide and a division of Dominion Enterprises, announced today that ForRent.com, the company’s anchor web site, has entered into an exclusive partnership with Oodle, whose Marketplace on Facebook and Oodle.com has more than 14 million monthly unique users. Under this partnership, ForRent.com customers will enhance its presence within the Marketplace by having its listings integrated with its Facebook Page and social graph of fans. This enhanced exposure on Facebook and in Marketplace will drive new leads and referrals to ForRent.com customers.

A New Poll From ASHI Reports More Than 70 Percent of Homeowners Agree Their...

National
Des Plaines, IL - February 22, 2011 - (RealEstateRama) -- Nearly three in four (72 percent) U.S. homeowners agree the home inspection they had when they purchased their current primary residence helped them avoid potential problems with their home, according to a survey released today by the American Society of Home Inspectors (ASHI).? Also, almost two in three (64 percent) noted, in the long run, they saved a lot of money as result of their home inspection. As the housing market begins to recover, ASHI encourages homeowners and buyers to hire a certified home inspector and to get a home inspection to help further protect their investment

Poll Shows Majority Believe in Housing Market Miracle

Destin, FL - February 22, 2011 - (RealEstateRama) -- Apparently the majority of American consumers believe in miracles when it comes to the housing market. A new survey shows that a majority of respondents feel that Congress and the White House should stop trying to repair the damaged housing market so it can heal itself

Maine DEP Helps Give Belfast Homeowners Free Home Heating Oil Tank Upgrade

BELFAST, ME - February 21, 2011 - (RealEstateRama) -- The Belfast Water District in partnership with the Maine Department of Environmental Projection (Maine DEP) and the Maine Drinking Water Program recently completed the first phase of an Oil Tank ...

Business Real Estate Press Releases

Dominik - Restb.ai - headshot

Restb.ai is filling the “data gap” for better AI-powered home...

A major step forward in AI-powered home search is underway, as Restb.ai’s newest industry-leading computer vision technology is enabling MLSs like Doorify MLS to automatically populate over 450 RESO-standardized data points for every property – instantly.

Recent Gov & Nonprofit Real Estate Press Releases

ULI

Carol Coletta Named Winner of 2025 ULI Prize for Visionaries in...

The Urban Land Institute (ULI) has selected Carol Coletta as the recipient of the 2025 ULI Prize for Visionaries in Urban Development, the most prestigious and respected honor in the