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Recovery Act Funding Will Create Local Construction Jobs, Improve Learning Facilities for Sacramento Students. SACRAMENTO, CA - March 17, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D – Sacramento) announced the award of a $19,342,000 qualified school construction bond, administered by the Department of Treasury and authorized by the Recovery Act, which Rep. Matsui supported last year. Qualified school construction bonds can be used to finance the construction, rehabilitation or repair of a public school facility or for the acquisition of land where a school will be built.

WASHINGTON, DC - March 11, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in California and provide support to homeowners and low-income renters forced from their homes following severe storms, flooding, debris and mud flows during January and February

LOS ANGELES, CA - March 10, 2010 - (RealEstateRama) -- Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) 2009-2010 “State of the California Housing Market” report released today

Washington, D.C. - March 9, 2010 - (RealEstateRama) -- Speaker Nancy Pelosi released the following statement today on the Treasury Department’s allocation of $700 million to California’s housing finance agency under the President’s most recent $1.5 billion initiative to prevent foreclosures in the five hardest hit states.

March 5, 2010 - (RealEstateRama) -- The City of Long Beach is offering each residence affected by the gas line in North Long Beach that was shut off for safety reasons a housing reimbursement of up to $75 per night, per household, for each night they are affected. In addition, the City is offering each household a meal reimbursement of up to $6 per person, per meal each day to the point gas service is restored

SACRAMENTO, CA - February 25, 2010 - (RealEstateRama) -- New-home building in California rebounded in January from a year earlier, but homebuilding officials cautioned against calling it a recovery as the numbers for January 2009 were extremely low, the California Building Industry Association announced today

WASHINGTON DC - February 25, 2010 - (RealEstateRama) -- Rep. Linda Sánchez, Member of the House Ways and Means Committee, introduced a bill today that would bolster the development of low-income housing. The Low-Income Housing Tax Credit Exchange Expansion and Job Creation Act of 2010 would promote the development of low-income housing by allowing investors to exchange otherwise unusable low-income housing tax credits for cash to be put toward the development of this housing.

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SACRAMENTO, CA - February 17, 2010 - (RealEstateRama) -- Housing affordability in California continued to fall throughout most of the state during the fourth quarter of 2009, the California Building Industry Association said today.

SACRAMENTO, CA - February 16, 2010 - (RealEstateRama) -- The pace of home sales at California new-home communities was moderately lower than levels seen a year ago, the California Building Industry Association reported today.

February 15, 2010 - (RealEstateRama) -- With the help of a few key partners, the YWCA Greater Los Angeles (YWCA GLA) and its LA Job Corps program have successfully embarked upon building a new Urban Campus which will be the prototype for Job Corps programs around the country.

LOS ANGELES, CA - February 15, 2010 - (RealEstateRama) -- The percentage of households that could afford to buy an entry-level home in California remained at 64 percent in the fourth quarter of 2009, compared with 61 percent (revised) for the same period a year ago, according to a report released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

SACRAMENTO, CA - February 12, 2010 - (RealEstateRama) -- A preliminary report released today by the California Homebuilding Foundation (CHF) in conjunction with the Center for Strategic Economic Research (CSER), shows that the downturn in new-home building has resulted in the loss of hundreds of thousands of jobs and tens of billions of dollars in economic output to California’s economy.

Washington, DC - February 4, 2010 - (RealEstateRama) -- On Saturday, February 6, 2010, Rep. Calvert, in conjunction with the Housing Opportunities Collaborative of the Inland Empire, the Federal Housing Administration, Housing and Urban Development, the City of Corona and Crossroads Christian Church, will host a homeownership preservation workshop

February 2, 2010 - (RealEstateRama) -- The National Association of Home Builders’ (NAHB) Institute of Residential Marketing (IRM) named Manny Schatz, MIRM, CMP, CAPS, CAASH, the 2009 recipient of the Trina Ripley Excellence in Education Award. The award was presented to Schatz, principal of a builder consulting firm Professional Builder Services, Inc. in Danville, Calif., at The National Sales and Marketing Awards Gala held during the International Builders’ Show in Las Vegas on Jan. 19.

WASHINGTON, DC - January 27, 2010 - (RealEstateRama) -- Congressman Dennis Cardoza said today he had lost confidence in the top housing official in the Obama Administration, U.S. Housing and Urban Development Secretary Shaun Donovan.

SACRAMENTO, CA - January 26, 2010 - (RealEstateRama) -- California homebuilders put up the lowest number of homes for a single year in 2009, beating the previous low that was set in 2008, the California Building Industry Association announced today.

WASHINGTON, DC - January 18, 2010 - (RealEstateRama) -- Congresswoman Laura Richardson is pleased to announce that the U.S. Housing and Urban Development Department (HUD) has awarded $22 million to the City of Long Beach and additional millions to the 37th District counseling partner Los Angeles Neighborhood Housing Services, Inc. The funds are a result of the American Recovery and Reinvestment Act of 2009 (Recovery Act) and are distributed as part of HUD’s Neighborhood Stabilization Program, which requires the funds be used to improve the quality of and access to housing for low- and moderate-income families.

January 13, 2010 - (RealEstateRama) -- Continuing California’s efforts to fight climate change and protect the environment, Governor Arnold Schwarzenegger today announced the California Building Standards Commission unanimously adopted the first-in-the-nation mandatory Green Building Standards Code (CALGREEN) requiring all new buildings in the state to be more energy efficient and environmentally responsible. Taking effect on January 1, 2011, these comprehensive regulations will achieve major reductions in greenhouse gas emissions, energy consumption and water use to create a greener California

SACRAMENTO, CA - January 7, 2010 - (RealEstateRama) -- California homebuilders applauded Governor Schwarzenegger for his determination to reinvigorate the state’s economy by focusing on jobs, streamlining the construction permitting process and establishing a new homebuyer tax credit.