- Government and Public Real Estate News - June 18, 2013 realestaterama/2013/06/18 Reverse Mortgages Can Be a Lifeline for Seniors of Modest Means, But Counseling is Critical Washington, DC - The federal reverse mortgage program can be a lifeline for some older homeowners, but consumer protections and comprehensive counseling are critical to protecting seniors and their home equity, the National Council on Aging (NCOA) told Congress today. realestaterama/2013/06/18/reverse-mortgages-can-be-a-lifeline-for-seniors-of-modest-means-but-counseling-is-critical-ID021594.html ROCKEFELLER, RAHALL, MANCHIN ANNOUNCE HUD FUNDING FOR HOUSING COUNSELING WASHINGTON, D.C. - U.S. Senator Jay Rockefeller, along with Rep. Nick Rahall and Senator Joe Manchin (all D-W.Va.), Tuesday announced that federal funding has been awarded to support housing counseling services to ex… westvirginia.realestaterama/2013/06/18/rockefeller-rahall-manchin-announce-hud-funding-for-housing-counseling-ID0123.html For Rent Media Solutions™ Announces Real Estate Industry Experts to Speak at NAA Norfolk, VA - For Rent Media Solutions™ (FRMS), a leading national apartment resource and a division of Dominion Enterprises, announces Nadeen Green and Erica Campbell Byrum, FRMS’ own industry experts, will present educational sessions at the National Apartment Association (NAA) Education Conference & Exhibition to be held June 19-22, 2013 in San Diego, Calif realestaterama/2013/06/18/for-rent-media-solutions%e2%84%a2-announces-real-estate-industry-experts-to-speak-at-naa-ID021592.html Lee & Associates Closes $7.7 Million Multifamily Sale in Panorama City Torrance, CA - Senior Vice President Han Widjaja Chen of Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $7.75 million sale of an 81-unit multifamily… california.realestaterama/2013/06/18/lee-associates-closes-7-7-million-multifamily-sale-in-panorama-city-ID02561.html Shreveport Woman Achieves 5-Year Dream of Homeownership Thanks to HELP Grant SHREVEPORT, LOUISIANA - It took five years and a lot of encouragement, but Katherine Bolls is getting ready to move into her very own home. realestaterama/2013/06/18/shreveport-woman-achieves-5-year-dream-of-homeownership-thanks-to-help-grant-ID021589.html ABC Testifies That Davis-Bacon Act Inflates the Cost of Federal Construction WASHINGTON, D.C. - In testimony today before the U.S. House of Representatives Committee on Education and the Workforce Subcommittee on Workforce Protections, Associated Builders and Contractors (ABC) General Counsel and shareholder with Littler Mendelson, P.C., Maurice Baskin said the Department of Labor’s (DOL) administration of the Davis-Bacon Act has, “hindered economic growth, increased the federal deficit and imposed an enormous paperwork burden on both contractors and the federal government.” realestaterama/2013/06/18/abc-testifies-that-davis-bacon-act-inflates-the-cost-of-federal-construction-ID021588.html Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public Foreclosure Auctions WASHINGTON, D.C. - A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern Californi… california.realestaterama/2013/06/18/northern-california-real-estate-investor-agrees-to-plead-guilty-to-bid-rigging-at-public-foreclosure-auctions-5-ID02560.html Realtors® Call for Legislative Changes to New Rules Limiting Affordable Borrowing Options WASHINGTON, DC - Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors realestaterama/2013/06/18/realtors%c2%ae-call-for-legislative-changes-to-new-rules-limiting-affordable-borrowing-options-ID021587.html HUD AWARDS $40 MILLION IN HOUSING COUNSELING GRANTS WASHINGTON, DC - As part of its continuing effort to assist families and individuals with their housing needs and to prevent future foreclosures, the U.S. Department of Housing and Urban Development (HUD) today announced more than $40 million in housing counseling grants to 334 national, regional and local organizations. As a result of these grants and the additional funding they help leverage, more than 1.6 million households will have a greater opportunity to find housing, make more informed housing choices or keep their current homes. realestaterama/2013/06/18/hud-awards-40-million-in-housing-counseling-grants-ID021586.html HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN MAY WASHINGTON, DC - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today announced the following new residential construction statistics for May 2013: realestaterama/2013/06/18/hud-and-census-bureau-announce-new-residential-construction-activity-in-may-ID021585.html Dodd-Frank Mortgage Rules Will Harm Home Ownership, Witnesses Tell Subcommittee Washington, DC - Changes to mortgage lending mandated by the Dodd-Frank Act will make it harder for Americans to own a home and undermine an economic recovery, witnesses told members of the Financial Institutions and Consumer Credit Subcommittee at a hearing today. realestaterama/2013/06/18/dodd-frank-mortgage-rules-will-harm-home-ownership-witnesses-tell-subcommittee-ID021584.html Menendez Announces Nearly $700,000 in Federal HUD Grants to New Jersey Agencies for Housing Counseling WASHINGTON, D.C. - U.S. Senator Robert Menendez (D-NJ) today announced nearly $700,000 in federal grants from the U.S. Department of Housing and Urban Development’s (HUD) Housing Counseling Program to 15 agencies t… newjersey.realestaterama/2013/06/18/menendez-announces-nearly-700000-in-federal-hud-grants-to-new-jersey-agencies-for-housing-counseling-ID01220.html Rep. Paul Gosar’s Legislation to Protect Property Rights Passes U.S. House of Representatives WASHINGTON, D.C. - Today, the U.S. House of Representatives passed legislation, the Mountainaire Relief Bill (H.R. 862), introduced by U.S. Congressman Paul Gosar, D.D.S (R-AZ) and Congresswoman Ann Kirkpatrick (D-AZ… arizona.realestaterama/2013/06/18/rep-paul-gosars-legislation-to-protect-property-rights-passes-u-s-house-of-representatives-ID0637.html NAIOP Sustainable Development Award Honors StonebridgeCarras for 200 I Street Project WASHINGTON, D.C. - NAIOP, the Commercial Real Estate Development Association, today announced that it has selected StonebridgeCarras as the recipient of its annual Sustainable Development Award. The award will be presented during a special ceremony on Wednesday, October 9, at NAIOP’s Development ‘13: The Annual Meeting for Commercial Real Estate, in San Diego, Calif. realestaterama/2013/06/18/naiop-sustainable-development-award-honors-stonebridgecarras-for-200-i-street-project-ID021580.html Economists Say Jobs Are Key to Sustained Recovery in Construction Industry WASHINGTON, D.C. - Economists from Associated Builders and Contractors (ABC), the American Institute of Architects and the National Association of Home Builders (NAHB) gave their perspectives on where the construction economy is headed during a June 17 online news conference. As a whole, the economic climate is improving, but recovery will continue to be slow unless more jobs are created. realestaterama/2013/06/18/economists-say-jobs-are-key-to-sustained-recovery-in-construction-industry-ID021579.html Housing Starts Rise 6.8 Percent in May WASHINGTON, D.C. - Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units in May due primarily to increased production on the multifamily side, according to newly released data from HUD and the U.S. Census Bureau realestaterama/2013/06/18/housing-starts-rise-6-8-percent-in-may-ID021569.html Connecticut Real Estate Rehab Meeting West Hartford, CT - This house was purchased through direct mailing to non-owner occupied by two women rehabbers. Discover how they created a win-win deal for them and the owner: connecticut.realestaterama/2013/06/18/connecticut-real-estate-rehab-meeting-3-ID0664.html Affordable apartment complex in works near Mill Creek SEATTLE - Thanks to financing from the Washington State Housing Finance Commission, 228 affordable apartments will soon be built in unincorporated Snohomish County—including four- and five-bedroom units for large f… washington.realestaterama/2013/06/18/affordable-apartment-complex-in-works-near-mill-creek-ID0420.html Congressman Mullin Introduces Impact Aid Legislation WASHINGTON, D.C. - Congressman Mullin last week introduced H.R. 2378, the Impact Aid Fairness and Equity Act of 2013, which deals directly with the Impact Aid federal property program. oklahoma.realestaterama/2013/06/18/congressman-mullin-introduces-impact-aid-legislation-ID084.html Stiles Welcomes Industry Veteran Jay Jacobson to Lead Expansion of Multifamily Real Estate Division Fort Lauderdale, FL. - Stiles announced today that Jay Jacobson has joined the company as president of Stiles Residential Group, its residential development and investment services division. Jacobson is responsible f… commercial.realestaterama/2013/06/18/stiles-welcomes-industry-veteran-jay-jacobson-to-lead-expansion-of-multifamily-real-estate-division-ID0125.html More Government and Public Real Estate News by RealEstateRama realestaterama/
Posted on: Wed, 19 Jun 2013 12:13:46 +0000
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