Texas RealEstateRama

As the tropical system in the Gulf of Mexico continues to head towards the Texas and Louisiana coast, the Property Casualty Insurers Association of America (PCI) encourages residents in the area to listen to emergency officials. Weather forecasters are calling for the system to bring lots of rain to areas that are still recovering from last month’s flooding event.

Governor Greg Abbott today hosted a bill signing ceremony at Advanced Micro Devices (AMD) in Austin, TX where he ceremonially signed into law HB 32 (D. Bonnen, R-Angleton; Nelson, R-Flower Mound), which will permanently reduce the business franchise tax by 25 percent. Governor Abbott also highlighted several bills that he signed into law to reduce the property tax burden on homeowners, eliminate occupational licensing fees for more than 600,000 Texas professionals, and increase transparency to hold local taxing districts more accountable to voters

Laura Sweeney, agent with John Daugherty, Realtors, has closed the sale on a Remarkable one-of-a-kind residence designed by Preston Bolton, listed at $4,200,000. Situated on .75 acres in superb Tall Timbers location, this home has a unique floor plan that offers sizable entertaining spaces surrounding a grand three story Atrium. The upstairs master bedroom includes a private balcony and separate closets. Grounds offer towering trees, multiple terraces, swimming pool, spa, and expansive lawn, as well as a separate guest house with office and cabana

Homegrown fashion designer Jonathan Blake hosted a spectacular evening of fashion and fine dining to support local nonprofit Recipe for Success Foundation. John Daugherty, Realtors graciously opened its extraordinary Four Seasons Penthouse listing to host the swanky evening, themed “A Sky High Toast to Fashion,” for an intimate gathering of 30 guests.

The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $960,000 grant to the City of Hondo, Texas to create a workforce development center. According to grantee estimates, the project will create more than 100 jobs over the next 5 years and a robust pipeline of trained workers in growing fields.

Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback to Arbor Metals, LLC (“Arbor”) located at 811 Regal Row in Dallas, Texas.

The Women's Home, a long-term residential treatment facility founded in 1957, broke ground today on an 84-unit apartment complex that will include support services for women and children. The $15 million project, located at the corner of Jacquelyn Street and Hammerly Boulevard, received a $500,000 Affordable Housing Program (AHP) grant in 2014 from Amegy Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The funds will be used for construction costs

Austin Pathways, a nonprofit organization that supports Housing Authority of the City of Austin (HACA) programming, was recently awarded a grant from the Central Texas Summer STEM Funding Collaborative in partnership with Skillpoint Alliance, that will provide 125 families with an innovative summer science, technology, engineering and mathematics (STEM) pilot program for young people living in public housing.

Two public hearings will be held in June for the public to give the City of Midland input on proposed priorities for federal Housing and Urban Development funds, as well as an amendment to the City's Community Development Program.

Stream Realty Partners, a full-service national real estate investment, development and services company, has announced plans to develop a 150-unit, active adult, apartment community in San Antonio. The 55-plus living community is the first of its kind in San Antonio, offering a fully integrated lifestyle that will allow residents the opportunity to explore health and wellness initiatives, social activities and group service projects. Stream expects to commence on the project in early 2016

U.S. Rep. Blaine Luetkemeyer (R-MO), Chairman of the Housing and Insurance Subcommittee, and U.S. Rep. Randy Neugebauer (R-TX), Chairman of the Financial Institutions and Consumer Credit Subcommittee, today responded to the CFPB’s announcement letter regarding the Bureau’s TILA-RESPA Integrated Disclosure rule (TRID). In a March letter to Director Cordray, the congressmen encouraged the Bureau to implement a period of restrained enforcement to help ensure consumer confidence and stability in the nation’s housing market.

Dorothy Russell, 61, knows you can go home again. She grew up in a house on McNeill Street in Baptist Town and brought her firstborn home to that address. Eventually, economic conditions worsened in her east Greenwood community, and the home was torn down. Ms. Russell, who had worked part-time, moved into a rental home 28 years ago, never imagining that one day she would return to that lot in Baptist Town

Martha Vasguez, 61, a retired hairdresser, lives on a fixed monthly income after illness forced her to retire six years ago. Though her home is paid for, she does not have money left at month's end to pay for necessary repairs

On Monday, June 1, 2015, Congressman Al Green spoke at Minute Maid Park to applaud the City of Houston’s efforts to address veteran homelessness. He joined Houston Mayor Annise Parker; Julian Castro, Secretary of Housing and Urban Development; Bob McDonald, Secretary of Veterans Affairs; Thomas Perez, Secretary of Labor; Matthew Doherty, Director of the U.S. Interagency Council on Homelessness; as well as Reps. Gene Green and Sheila Jackson Lee

Stream Realty Partners, a national real estate services, development and investment firm, is finalizing the design phase on a 12-story, 271,000 square foot development.

Kennedy Funding Financial LLC (KFF) has completed an $880,000 loan to Houston, Texas-based Sleep Shop & Bunk Bed World, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender.

This and every month, TDHCA lays out everything in its basket of home buying options for affordable taste buds, from traditional 30-year fixed rate loans and down payment and closing cost assistance, to mortgage credits, and even a combo plate that includes a loan and mortgage credits. Interested? Here’s a spoonful of favorite TDHCA-administered programs

With many in the Dallas area still dealing with rising waters and hundreds in the Houston area beginning to start the clean-up and recovery process, the Property Casualty Insurers Association of America (PCI) urges everyone affected by recent weather events to be alert for scams and fraudulent activity by using caution when hiring a contractor for repairs.

As part of Pearland’s strategic priority of ensuring sustainable infrastructure, City Council approved a construction contract for Regency Park Subdivision paving, drainage and waterline replacement

Early Tuesday, House Bill 2590 (HB2590) passed the Texas Senate on a unanimous vote. The bill, authored by State Representative Eric Johnson (D-Dallas) would allow state and local prosecutors to take action to combat a form of real estate fraud where scam artists sell homes to unsuspecting, less-affluent buyers that the seller does not own or have legal rights to.