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OBAMA ADMINISTRATION PREVENTED, ENDED HOMELESSNESS FOR ONE MILLION AMERICANS

WASHINGTON, DC - September 14, 2011 - (RealEstateRama) -- Today, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced that homelessness for 1 million Americans was prevented or ended, thanks to HUD's Homelessness Prevention and Rapid Re-housing Program (HPRP), funded through the American Recovery and Reinvestment Act of 2009.

Mayor Menino “Welcomes Home” 12 First-Time Homebuyers of Foreclosed Properties

Boston, MA - September 13, 2011 - (RealEstateRama) -- Mayor Thomas M. Menino today joined Evelyn Friedman, Director of the Department of Neighborhood Development (DND), and 12 first-time homebuyers of formerly foreclosed properties for a housewarming celebration on Rockwell Street in Dorchester.

Minnesota Company Ordered to Cease and Desist Mortgage Modification Activities in Idaho

Boise, ID - September 13, 2011 - (RealEstateRama) -- The Idaho Department of Finance announced the issuance of a cease-and-desist order today against Minnesota-based Freedom Companies Lending, Inc., for allegedly engaging in mortgage modification activ...

Boston Development Receives $20.5M in First-Ever Choice Neighborhood Grants; Nixon Peabody Advises on HUD...

Boston, MA - September 13, 2011 - (RealEstateRama) -- The City of Boston and Dorchester Bay Economic Development Corporation have been awarded $20.5M by the U.S. Housing and Urban Development (HUD) as part of the first-ever Implementation Grants awarded under HUD’s Choice Neighborhoods Initiative.

Apartment Industry Reiterates Call to Protect Rental Housing in any Carried Interest Tax Increase

WASHINGTON, DC - September 13, 2011 - (RealEstateRama) -- The National Multi Housing Council (NMHC) and the National Apartment Association (NAA) reiterate their calls to protect rental housing as lawmakers work toward enactment of a jobs bill.

CONTRACT TALKS OPEN FOR MORE THAN 2,600 PHILADELPHIA PROPERTY SERVICE WORKERS

Philadelphia, PA - September 13, 2011 - (RealEstateRama) -- Negotiations for a new union contract covering more than 2,600 property service workers in Philadelphia began on Friday between 32BJ and representatives of the real estate industry. 32BJ pr...

Demand for Specialty Rooms Drops amid Continued Economic Concerns around Housing Market

Washington, D.C. - September 13, 2011 - (RealEstateRama) -- Homeowner interest in specialty rooms, systems utilizing emerging technologies and upscale products is waning as the residential market continues to struggle. Instead, investments within the home have focused on increasing energy efficiency, fostering outdoor living environments and adding wireless communications systems as home offices remain popular.

CFO Atwater Announces State Unclaimed Property Auction

TALLAHASSEE, Fl - September 12, 2011 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater today announced that Florida will hold the annual unclaimed property auction on Saturday, Sept. 17, in Ponte Vedra Beach at the Sawgrass Marriott Golf Resort & Spa. The auction, which is open to the public, will feature more than 37,000 individual items, including jewelry, watches and rare coins, with a minimum reserve value in excess of $327,000.

Boxer Lauds Federal Housing Finance Agency for Moving Toward Helping More Homeowners Refinance

Washington, D.C. - September 12, 2011 - (RealEstateRama) -- U.S. Senator Boxer (D-CA) today praised the announcement by the Federal Housing Finance Agency that it will work to identify and reduce barriers to refinancing for millions of American homeowners who are current on their mortgage payments but underwater on their homes.

Montgomery County Homeowners Invited to One-on-One Foreclosure Prevention Counseling

September 12, 2011 - (RealEstateRama) -- The Montgomery County Department of Housing and Community Affairs (DHCA), in partnership with the Montgomery County Housing Fair Planning Committee and the City of Gaithersburg, invites all county homeowners ...

COCHRAN: $1.35 MILLION AWARDED TO IMPROVE STATE VETERANS HOMES IN JACKSON AND COLLINS

WASHINGTON, D.C. - September 12, 2011 - (RealEstateRama) -- U.S. Senator Thad Cochran (R-Miss.) today reported that the U.S. Department of Veterans Affairs (VA) has approved two grants worth $1.35 million to carry out improvements to the State Veterans...

Commercial/Multifamily Mortgage Delinquencies Down in Second Quarter for Four of Five Major Investor Groups

WASHINGTON, D.C. - September 12, 2011 - (RealEstateRama) -- Commercial/multifamily mortgage delinquency rates among four out of five major investor groups decreased in the second quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

HousingIowa Awards Showcase the Best in Iowa Affordable Housing Initiatives

Des Moines, IA - September 9, 2011 - (RealEstateRama) -- Three outstanding Iowa housing initiatives and one individual from throughout the state were recently recognized with HousingIowa Awards at the 2011 HousingIowa Conference, presented by the Iow...

Statement from NAHB Chairman Bob Nielsen on President Obama?s Address to the Nation

WASHINGTON, D.C. - September 9, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., today issued the following statement regarding President Obama's address to the nation last night:"While the nation's home builders commend President Obama for tackling critical employment issues, it's discouraging that the Administration still fails to recognize that housing has a central role to play in restoring the nation's workforce.

DOE Announces New Efficiency Standards for Home Refrigerators

WASHINGTON, D.C. - September 9, 2011 - (RealEstateRama) -- DOE issued on August 26 final energy efficiency standards for home refrigerators and freezers. The new standards will improve the efficiency of home refrigerators some 25% by 2014. The standards, developed through a consensus process with manufacturers, consumer groups, and environmentalists, are expected to deliver more than $200 in electricity bill savings for the typical consumer over the lifetime of the refrigerator.

House T-HUD Appropriations Draft Comes Up Short for Public Housing

WASHINGTON, D.C. - September 9, 2011 - (RealEstateRama) -- On September 7, the House subcommittee in charge of appropriations for housing programs released its draft budget, which if enacted would have both positive and negative consequences for America’s lowest income people.

MassHousing Honors Cape Cod Five Cents Savings Bank for its Commitment to Affordable Home...

Boston, MA - September 8, 2011 - (RealEstateRama) -- For the second year in a row, Cape Cod Five Cents Savings Bank made more affordable MassHousing home mortgage loans than any other Barnstable County lender.

Chief Financial Officer Jeff Atwater Appoints Carlos Lacasa as New Chairman of Citizens Board...

TALLAHASSEE, FL - September 8, 2011 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater announced today the appointment of Carlos Lacasa as the Chairman of the Board of Governors for Citizens Property Insurance Corporation. Lacasa, from Miami, is a former state representative and has more than 20 years of experience as an attorney with expertise in the insurance industry

DELAURO ON SBA DISASTER ASSISTANCE LOANS

New Haven, CT - September 8, 2011 - (RealEstateRama) -- Congresswoman Rosa DeLauro (CT-3) issued the following information today in response to the Small Business Administration’s announcement of Disaster Assistance Loans, following President Obama...

Man Charged in $20 Million Mortgage Fraud Scheme

MINNEAPOLIS, MN - September 8, 2011 - (RealEstateRama) -- Earlier today in federal court, a 52-year-old man was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Douglas Rex Butler was charged via an information w...

Recent HUD Press Releases

HUD - U.S. Department of Housing and Urban Development

HUD Announces Co-Presenters for the 2024 Innovative Housing Showcase

The U.S. Department of Housing and Urban Development (HUD) announced the International Code Council (ICC), the Manufactured Housing Institute (MHI), the National Multifamily

Random HUD in News

The New York Times

Shutdown’s Pain Cuts Deep for the Homeless and Other Vulnerable Americans

Ramona Wormley-Mitsis got welcome news in December: After years of waiting, the federal government had approved a subsidy that allowed her to rent a three-bedroom house