Housing & Development

Housing & Development

Mayor Newsom Announces San Francisco Awarded $96 Million in Housing and Infrastructure Funds

July 16, 2009 - (RealEstateRama) -- Mayor Gavin Newsom today announced that the California Department of Housing and Community Development has awarded over $96 million in funds to housing developments in San Francisco seeking to start construction. Awards were from two State programs created through the 2006 passage of Proposition 1C; the Transit Oriented Development and Infill Infrastructure Grant programs.

Riverside County is Latest Jurisdiction to Reduce Development Fees

Inland County Took Action to Incentivize Homebuilding and Create Jobs. July 16, 2009 - (RealEstateRama) -- Riverside County became the latest California jurisdiction to reduce development impact fees charged to homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

Jordan Downs Residents Choosing Housing Models

July 15, 2009 - (RealEstateRama) — The Jordan Downs Recreation Center served as the meeting place for the Jordan Downs Redevelopment planning meetings. Residents,...

Rep. Matsui Announces $878k for Local Housing Choice Programs

Funds Will Provide Housing for Disabled Families Throughout Sacramento. WASHINGTON, DC - July 8, 2009 - (RealEstateRama) — Congresswoman Doris Matsui (CA-05) today announced $878,784 in federal funds for low-income housing initiatives has been allocated to the Sacramento region. The U.S. Department of Housing and Urban Development (HUD) will provide $878,784 to the Sacramento Housing and Redevelopment Agency through the Housing Choice Vouchers Program to provide housing for local disabled families.

Rep. Matsui Announces Nearly $1 Million for Sacramento Housing Programs

Funds Will Provide Housing for Disabled Families; Housing Assistance for Native Americans. WASHINGTON, DC - July 7, 2009 - (RealEstateRama) — Congresswoman Doris Matsui (CA-05) today announced an additional $928,364 in federal funds for housing initiatives in Sacramento. Two grants, awarded by the U.S. Department of Housing and Urban Development, will provide $878,784 to the Sacramento County Housing Authority, and $49,580 to the Buena Vista Rancheria. The Sacramento County Housing Authority will receive funding under the Designated Housing Fund, to provide housing for disabled families. Buena Vista Rancheria, home to the Me-Wuk Indian Tribe, will receive funding through the Indian Housing Block Grant Program to provide decent, safe and affordable housing for lower-income Native Americans.

Mayor Newsom Announces First Solar Installations at S.F. Public Housing Sites; Creates Green-Collar Jobs

Newsom also announces 450% increase in San Francisco solar applications since inception of solar rebate program. July 7, 2009 - (RealEstateRama) — Mayor Gavin Newsom today announced plans to install over 365 kw of solar panels on the San Francisco Housing Authority properties of Hayes Valley North and South and Plaza East through San Francisco’s GoSolarSF Initiative. The solar panels will provide hundreds of thousands of kilowatts of clean, renewable electricity to public housing residents. The project is expected to create 25 jobs and be completed by the end of the year

Turner Completes $480 Million Terranea Resort in Rancho Palos Verdes, Calif.

Turner Completes Project in 23 Months - 18 Days Ahead of Schedule. New York, N.Y. - July 6, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, has completed the $480 million Terranea Resort project in Rancho Palos Verdes, Calif. in 23 months, 18 days ahead of schedule. Turner served as the manager of preconstruction and construction services for the resort on behalf of owner/developer Los Angeles-based Lowe Enterprises.

Brown Sues to Invalidate Pleasanton’s Illegal Housing Cap

Pleasanton, CA - June 24, 2009 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. today sued the City of Pleasanton to remove its "draconian and illegal" limit on new housing, a significant cause of traffic congestion, air pollution and urban sprawl in the East Bay and Tri-Valley area.

Kennedy Wilson Auction Group Appoints Jeff Condon as Vice President, Business Development

BEVERLY HILLS, CA - June 24, 2009 - (RealEstateRama) — Kennedy Wilson Auction Group announced today that Jeffrey Condon has been named Vice President, Business Development. Condon is joining the group’s rapidly growing business development team in Beverly Hills.

Single-Family Housing Starts Hold Their Own in May, CBIA Announces

CBIA says state new-home tax credit is generating demand for new homes and construction. SACRAMENTO, CA - June 24, 2009 - (RealEstateRama) — May single-family home starts held their own compared to April, offering additional evidence that the state new-home tax credit is generating demand for new homes and leading to a resumption of job-generating construction, the California Building Industry Association reported today

CBIA Chairman Horace Hogan’s Remarks During Press Conference on State of the Industry at...

June 18, 2009 - (RealEstateRama) — Good morning, and thank you for joining us today, either in person or by conference call. I don’t think that I have to tell any of you that California’s homebuilding industry is in the worst shape ever. You have heard the statistics

PARTNERSHIP LED BY KENNEDY WILSON ACQUIRES SIGNATURE LOS ANGELES CONDOMINIUM PROJECT

KW Acquisitions in Last 12 Months Reach 1,000 Residential Units Valued at $250 Million. LOS ANGELES, CA - June 16, 2009 - (RealEstateRama) — An investment partnership led by the international real estate services and investment firm Kennedy Wilson has acquired the remaining 149 units in The Mercury, a 22-story luxury condominium tower on the corner of Wilshire Boulevard and Western Avenue, from investors led by Forest City Residential West. Vince Norris of Hendricks & Partners represented both the buyer and seller in the transaction.

California New-Home Market Continues to Stablize, CBIA Announces

CBIA calls on lawmakers to extend homebuyer tax credit to continue housing recovery. SACRAMENTO, CA - June 10, 2009 - (RealEstateRama) — The pace of home sales at California new-home communities continued to show signs of stabilization in April thanks in part to the new-home tax credit that went into effect in March, the California Building Industry Association reported today.

Santa Maria Is the Latest City to Reduce Development Fees

June 4, 2009 - (RealEstateRama) — The city of Santa Maria this week became the latest California jurisdiction to reduce development impact fees it charges homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

Two More Jurisdictions Reduce Development Fees in Half

June 01, 2009 - (RealEstateRama) — The city of Menifee in Riverside County and the Scotts Valley Unified School District in Santa Cruz County are the latest California jurisdictions to significantly reduce fees charged to homebuilders, which the California Building Industry Association said is a growing trend that is paying off.

US Industrial REIT III Acquires Home Depot USA Distribution Facility In California’s Central Valley

May 29, 2009 - (RealEstateRama) — US Industrial REIT III, an affiliate of USAA Real Estate Company, announced the recent acquisition of a 657,600-square-foot Class A bulk distribution facility occupied by specialty retailer, Home Depot USA, Inc. in Tracy, California on a 15 year lease for an undisclosed sum.

Single-Family Home Construction Up Again in April, CBIA Announces

Homebuilders hope for a second round of the homebuyer tax credit. SACRAMENTO, CA - May 26, 2009 - (RealEstateRama) — Single-family home construction in California showed a significant increase in April when compared to March and was the largest monthly total since October of 2008, which the California Building Industry Association said provided more evidence that the homebuyer tax credit enacted in the beginning of March is helping to clear out inventory and generate new-home construction.

Statement regarding May 19 Special Election Results

May 20, 2009 - (RealEstateRama) — Robert Rivinius, President and CEO of the California Building Industry Association (CBIA), made the following statement on the results of the decision of California voters to reject the budget reforms and tax increases contained in Propositions 1A through 1E

Thousand Oaks Cuts Key Development Fee to Zero

Ventura County city suspends affordable housing fees for at least one year to encourage homebuilding . May 18, 2009 - (RealEstateRama) —The city of Thousand Oaks is the latest jurisdiction to reduce development fees in an effort to jump-start homebuilding and its local economy, which the California Building Industry Association noted is a move that is paying off for a growing number of communities around the state

Corona Joins Growing List of Communities Reducing Development Fees

May 13, 2009 - (RealEstateRama) — California homebuilders today recognized the city of Corona as the latest jurisdiction to reduce development fees in an effort to jump-start homebuilding and its local economy

Popular Government & Nonprofit Press Releases

California Resident Sentenced to Prison for Filing Fraudulent Tax Returns Using...

A California resident was sentenced to 54 months in prison today for conspiring to file false claims for tax refunds, submitting false claims for tax refunds, mail fraud, and aggravated identity theft, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Brian J. Stretch for the Northern District of California

Recent Government & Nonprofit Press Releases

Hanley Investment Group Completes Sale of Lancaster Triangle in Los Angeles...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of Lancaster Triangle, a 35,569-square-foot multi-tenant shopping center in Lancaster, California.