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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

January 15, 2010 - (RealEstateRama) -- Governor Arnold Schwarzenegger today announced that $318 million in American Recovery and Reinvestment Act (Recovery Act) funding has been awarded to entities in California by the Housing and Urban Development Department (HUD). These awards are funded through the federal Neighborhood Stabilization Program (NSP2) to help renovate and rehabilitate foreclosed homes, eliminate blight and reinvigorate and stabilize the affected neighborhoods hit hardest by foreclosures.

September 15, 2009 - (RealEstateRama) -- Governor Arnold Schwarzenegger today announced that the U.S. Small Business Administration (SBA) has declared Los Angeles County a disaster area as a result of the Station fire, ensuring that low interest federal loans are available for residents and business owners affected by the fire, which began on August 26. This action comes as a result of the Governor’s letter requesting the disaster declaration on September 10.

- May 22, 2009 - (RealEstateRama) — Governor Arnold Schwarzenegger issued the following statement on the passage of the Waxman-Markey American Clean Energy and Security Act out of the House Energy and Commerce Committee

March 26, 2009 - (RealEstateRama) — Governor Arnold Schwarzenegger joined Sacramento Mayor Kevin Johnson today to announce the state’s participation in a plan that will serve as a first step to addressing Sacramento’s homeless issue by helping the city temporarily relocate homeless people living in “Tent City” to Cal Expo