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Los Angeles, CA - August 15, 2012 - (RealEstateRama) -- Last week, Neighborhood Housing Services of Los Angeles County (NHS) was awarded a $1.45 million grant made by the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Fund program. As part of the U.S. Treasury’s commitment to revitalizing economic and community development, NHS was one of 177 CDFI Program awardee organizations receiving an aggregate total of more than $176 million. NHS was awarded the highest amount given to an organization

LOS ANGELES, CA - August 10, 2012 - (RealEstateRama) -- Higher home prices offset record-low interest rates and lowered housing affordability in California in the second quarter of 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

San Jose, CA - August 10, 2012 - (RealEstateRama) - Kitchen & Bath Remodeling Seminar Saturday, August 25, 2012, 10:00am-12:00pm Case Design/Remodeling Office: 6155 Almaden Expressway Ste. 400 San Jose, CA 95120

Washington, DC - August 3, 2012 - (RealEstateRama) -- Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives to increase the supply of affordable rental housing available for middle-income seniors, who are ineligible to receive subsidized housing benefits that go to the lowest-income individuals. The Affordable Housing for Moderate-Income Seniors Act requires states receiving low-income housing tax credits from the federal government to provide additional credit points on their Qualified Action Plan criteria for developers who are able to build moderate-income housing for seniors

Washington, DC - August 1, 2012 - (RealEstateRama) -- Congresswoman Linda Sánchez (CA-39) today applauded the House of Representatives for passing the “Honoring America’s...

Washington, DC - August 1, 2012 - (RealEstateRama) -- Today 32 Members of the California Democratic Congressional Delegation, led by Rep. Zoe Lofgren (D-CA), released the following statement in response to Acting Director of the Federal Housing Finance Agency (FHFA) Ed DeMarco's decision to prevent Fannie Mae or Freddie Mac from offering mortgage principal write-down relief for underwater homeowners:

WASHINGTON, DC - July 31, 2012 - (RealEstateRama) -- Rep. Pete Stark (D-CA) announced nearly $5 million in grants awarded by the U.S. Department of Housing (HUD) and Urban Development to Alameda County. The money will help improve housing and economic opportunities for moderate-, low-, and very low-income individuals in Alameda County.

WASHINGTON, D.C. - July 30, 2012 - (RealEstateRama) -- The Justice Department today announced an agreement with a California municipality and a homeowners’ association to resolve allegations of discrimination on the basis of familial status in violation of the Fair Housing Act. The settlement, in the form of a consent order, must be approved by the U.S. District Court for the Northern District of California

Washington, DC - July 23, 2012 - (RealEstateRama) -- Click here for entire Capitol Connection Newsletter During Federal Reserve Chairman Ben Bernanke’s appearance before the House Financial Services Committee on Wednesday, Congressman Miller expressed his serious concerns about the Federal Housing Finance Agency’s (FHFA) pilot program to sell Fannie Mae-owned foreclosed properties in California in bulk.

Washington, D.C. - July 20, 2012 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton) introduced the Fast Help For Homeowners (FHFH) Act, H.R. 6153, to help speed up the short sale process, a necessary step to addressing the housing crisis. McNerney’s bill was met with broad bipartisan support and industry endorsements

WASHINGTON, D.C. - July 20, 2012 - (RealEstateRama) -- Construction employment increased in just half the states plus the District of Columbia from June 2011 to June 2012, but declined in a slim majority of states in the past month, according to an analysis of Labor Department data by the Associated General Contractors of America.

Washington, D.C. - July 18, 2012 - (RealEstateRama) -- Reps. Zoe Lofgren (D-San Jose), Anna G. Eshoo (D-Palo Alto) and Mike Honda (D-Campbell) announced today that Goodwill Industries of Santa Clara County, Inc., has been awarded a $419,948.00 grant from the Department of Veterans Affairs (VA) for housing programs assisting homeless veterans. The grant, which will help support fifty-two participating households, is part of the Supportive Services for Veterans Families (SSVF) program improving housing stability for very low-income veterans and their families

WASHINGTON, D.C. - July 18, 2012 - (RealEstateRama) -- Rep. Anna G. Eshoo (D-Palo Alto) announced today that Goodwill Industries in Santa Clara County and Shelter Network of San Mateo County together were awarded $1.2 million in funding from the Department of Veterans Affairs (VA) for housing programs assisting homeless veterans. The grants were awarded under the VA's Supportive Services for Veterans Families program.

LOS ANGELES, CA - July 17, 2012 - (RealEstateRama) -- California’s housing market continued to show signs of improvement in June, as home sales experienced solid gains annually and home prices reached their highest level since August 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

July 13, 2012 - (RealEstateRama) -- United States Attorney Laura E. Duffy and Federal Housing Finance Agency Inspector General Steve A. Linick announced that fugitive loan broker Mary Armstrong was arrested today in Las Vegas, Nevada. The indictment, which was returned on May 10, 2012, and unsealed today, charges Armstrong, an unlicenced mortgage loan broker, Ramona real estate agent Teresa Rose, and Armstrong’s assistant William Fountain with devising and executing a mortgage loan origination fraud and kickback scheme

Burlington, Vermont - June 21, 2012 - (RealEstateRama) -- The Champlain Housing Trust announced today that the organization has been selected as a winner of the TD Charitable Foundation’s 2011 Housing for Everyone competition, one of 25 selected nationally out of a pool of about 500 submissions.

Torrance, CA - June 20, 2012 - (RealEstateRama) -- Designing Healthcare facilities is a challenge because they are so functionally driven. It requires an architect who understands how healthcare facilities operate, and who has an aesthetic philosophy that merges functional efficiency with design excellence.

LOS ANGELES, CA - June 18, 2012 - (RealEstateRama) -- California’s housing market continued to improve in May, with home prices posting solid gains for the third straight month and home sales well above last year’s pace, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Washington, DC - June 15, 2012 - (RealEstateRama) -- Congressman Mike Thompson (CA-01) today announced a $145,837 federal grant that will help provide permanent housing and support to veterans on the North Coast. The grant, provided through the Department of Housing and Urban Development (HUD), will be administered by the North Coast Veterans Resource Center and Humboldt County Housing Authority. The funds will be used as vouchers to provide rental assistance for homeless and disabled veterans. Twenty-five vouchers were awarded.

Washington, D.C. - June 11, 2012 - (RealEstateRama) -- U.S. Reps. Gary Peters (D-MI), John Campbell (R-CA) and Keith Ellison (D-MN) introduced the Preserving American Homeownership Act of 2012. The crux of this legislation is the creation of a principal reduction program to allow eligible homeowners to have their underwater properties revalued at a more accurate level. By implementing this program, struggling homeowners could qualify for more affordable monthly mortgage payments which would cut foreclosure rates and strengthen the housing market. And by using a shared appreciation model, taxpayers would receive a portion of future revenues from the sale of the house.