California RealEstateRama

May 18, 2010 - (RealEstateRama) -- Long Beach residents can learn how federal Housing and Urban Development money is spent in their neighborhood by attending the Anaheim Street Community Police Center's monthly meeting on Tuesday, May 18, from 5:00 to 6:30 pm at the Mark Twain Neighborhood Library Community Room, 1401 E. Anaheim St.

May 13, 2010 - (RealEstateRama) -- As HACLA works with our project partners to redevelop the Jordan Downs public housing in the Watts neighborhood of South Los Angeles, we continue to seek out expert advice and contribution from the brightest minds in the area of real estate development. One of the key questions – how can we redevelop the area in order to make public transportation convenient and accessible for our residents.

San Francisco, CA - May 13, 2010 - (RealEstateRama) -- Redfin today released new data on the San Francisco Bay Area market showing that the median price of a Bay Area single-family home increased 5.5% from March to April. In Marin County, prices for single-family homes jumped 10% in one month, aided by lower interest rates for jumbo loans. Santa Clara County house prices increased 7% month over month and 33% year over year, driven by a shrinking supply of bank-owned properties. House prices in Alameda, San Francisco and San Mateo counties grew by between 1% and 2% month over month

SACRAMENTO, CA - May 10, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that a federal grand jury returned an indictment charging Jake Weathers, 34, Elk Grove, Glenn Watkins, 40, Elk Grove, Kevin Watkins, 25, Elk Grove, Frederick Davis, 40, Elk Grove, and Paul Yearby Jr., 29, of Fair Oaks, with 11 counts of mail fraud relating to their alleged operation of a mortgage fraud scheme that involved the defendants changing their names to Muslim names in order to obtain new credit and to conceal poor credit histories and other liabilities in their birth names.

May 5, 2010 - (RealEstateRama) -- This Friday, May 7, 2010 Rep. Ed Royce (R-CA) will host a Combat Fraud Forum at the Cypress Community Center located at 5700 Orange Avenue from 1:00 p.m. to 3:00 p.m. Attendees will obtain information on identity theft, mortgage loans and lending, investment scams, charity fraud, Medicare fraud and more

Preserving long-term affordability supports commitment to improve community for residents WHO: Jamboree Housing Corporation, a leading nonprofit housing developer in CA

SACRAMENTO, CA - May 3, 2010 - (RealEstateRama) -- The homebuyer tax credit signed into law earlier this year by Governor Arnold Schwarzenegger will be available beginning Saturday, May 1. Governor Schwarzenegger in March signed into law AB 183 by Assembly Member Ana Caballero, D-Salinas, and co-authored by Senator Roy Ashburn, R-Bakersfield, which establishes a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers of existing homes. The credit will be available beginning May 1 and be good through December 31, 2010, or when funding is exhausted, whichever comes first. The $200 million allocated for the program is split evenly with $100 million going to purchasers of new homes and $100 million going to first-time buyers of existing homes

SAN FRANCISCO, CA - May 3, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today presented over $2.2 million to several fair housing organizations to help fight housing discrimination in Northern California. John Trasviña, HUD's Assistant Secretary for Fair Housing and Equal Opportunity, made the grant presentations to Bay Area Legal, California Rural Legal Assistance, Fair Housing of Marin, Greater Napa Fair Housing Center, Housing and Economic Rights Advocates, Project Sentinel, Pacific News Media and Fair Housing Council of Central California (see attached list below for project descriptions).

April 28, 2010 - (RealEstateRama) -- On Friday, May 7, 2010 Rep. Ed Royce (R-CA) will host a Combat Fraud Forum at the Cypress Community Center located at 5700 Cypress Avenue from 1:00 p.m. to 3:00 p.m. Attendees will obtain information on identity theft, mortgage loans and lending, investment scams, charity fraud, Medicare fraud and more

San Francisco, CA - April 26, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco is now accepting applications for its 2010 Access to Housing and Economic Assistance for Development (AHEAD) Program, which allows members of the Bank to support economic and housing projects during their critical conception and early development stages. Since the program was launched in 2004, more than $2.5 million in AHEAD Program grants have been awarded to support 94 projects in Arizona, California, and Nevada.

Irvine, CA - April 26, 2010 - (RealEstateRama) -- The organizers of Orange County’s annual Affordable Housing Award (AHA) selected Jamboree Housing Corporation’s The Arbor at Woodbury community as the 2010 Project of the Year. The Affordable Housing Award presentation is co-hosted by the Kennedy Commission, Orange County Housing Corporation, and the Affordable Housing Clearinghouse, three of the county’s leaders in the affordable housing industry.

April 23, 2010 - (RealEstateRama) -- The Long Beach Housing Development Company, together with Councilman Dee Andrews and Long Beach Weed & Seed, invite the public to learn about a new homeownership opportunity at Olive Court on Saturday, April 24 from 9:00 to 11:00 am at Renaissance Square/Union Bank Building; 1900 Atlantic Ave.

April 20, 2010 - (RealEstateRama) -- The City of Long Beach launched the Residential Energy Efficiency Rebate Program on Monday April 19, in support of Earth Week 2010. The Residential Energy Efficiency Rebate Program provides rebates and no-cost permits to the first 500 applicants who install qualifying energy efficient products such as Energy Star rated solar hot water-heaters, tank-less water-heaters, windows, doors, skylights and roofs.

Irvine, CA - April 13, 2010 - (RealEstateRama) -- Jamboree Housing Corporation of Irvine, CA, has been presented the U.S. Environmental Protection Agency’s (EPA) 2010 ENERGY STAR Regional Award for Excellence for the company’s commitment to energy efficiency in its affordable housing projects. Each year, the EPA and the U.S. Department of Energy present the award to honor organizations that have made outstanding contributions to protecting the environment through energy efficiency programs and products. Jamboree is the only California affordable housing developer to receive this year’s award and it’s the third consecutive year that Jamboree has received the prestigious energy award.

SANTA ANA, CA - April 9, 2010 - (RealEstateRama) -- In a clear "warning shot" to unscrupulous loan-modification consultants, Attorney General Edmund G. Brown Jr. today announced that two women have each been sentenced to one year in jail and ordered to repay dozens of homeowners who were charged thousands of dollars in up-front fees for non-existent foreclosure-relief services.

San Francisco, CA - April 8, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco has allocated $14.6 million to its 2010 Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) first-time homebuyer programs. In this award cycle, 30 of the Bank’s member financial institutions reserved $10.25 million in WISH funds and $4.35 million in IDEA funds to help lower-income families and individuals become homeowners in Arizona, California, Nevada, and other states where Bank members do business. Nine institutions are participating in these programs for the first time.

LOS ANGELES, CA - April 8, 2010 - (RealEstateRama) -- California homeowners sued Bank of America (NYSE: BAC) on Tuesday claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, announces Hagens Berman Sobol Shapiro

San Mateo, CA - April 7, 2010 - (RealEstateRama) --The San Mateo County Association of REALTORS (SAMCAR) has announced that the association is participating in the REALTOR® Nationwide Open House event Saturday, April 10 and Sunday, April 11. The nationwide effort is to increase consumer awareness of the benefits of buying a home and give sellers an opportunity to increase the exposure for their home for sale. Most importantly, the open house event is a collective effort on behalf of SAMCAR and its participating members to continue to spread the word about the expanded first-time homebuyer and long-term homebuyer tax credits, which end April 30. Qualified buyers wishing to take advantage of the credits, which provide up to $8,000 for first-time homebuyers and up to $6,500 forexisting homeowners, must enter into a contract by April 30 and close no later thanJune 30.

WASHINGTON, DC - April 7, 2010 - (RealEstateRama) -- Congresswoman Laura Richardson is reminding families in the market for a new home to act soon so they can benefit from the First Time Homebuyer (FTHB) tax credit, which has been extended an additional 30 days to a deadline of May 1, 2010.

Irvine, CA - April 5, 2010 - (RealEstateRama) -- Jamboree Housing Corporation, headquartered in Irvine, CA, has added three new members to its Board of Directors, it has been announced by Laura Archuleta, Jamboree’s president. The three new members are Ray Silver, a government consultant and former Westminster, CA, city manager; Richard Lamprecht, principal of REL Property Consulting; and Cesar Covarrubias, executive director of The Kennedy Commission.