Archives

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- Del Valle resident Leticia Leal in May helped make state housing history when she became the first homebuyer assisted through an innovative pilot program offered by the Texas Department of Housing and Community Affairs (TDHCA). The new program provides up to $20,000 in down payment and closing cost assistance in conjunction with a mortgage loan originated through a conventional lender.

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) used the occasion of June’s national designation as Home Ownership Month to name its “Lenders of the Year” and “Loan Officers of the Year” in recognition of the important role lenders play in helping increase home ownership opportunities for Texans through state-sponsored homebuyer programs.

Laredo, TX - June 20, 2011 - (RealEstateRama) -- Congressman Henry Cuellar (TX-28) announced today that the South Texas Council on Alcohol and Drug Abuse (STCADA) received federal funding from a Housing and Urban Development (HUD) grant in the amount of $893,614. In addition to the HUD grant, Webb County District Attorney Chilo Alaniz and Sheriff Martin Cuellar both contributed $48,667 each and Mr. Javier Santos, on behalf of the Fernando A. Salinas Trust, contributed $50,691 bringing the total amount of funding for the project to $1,041,639

AUSTIN, TX - June 17, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that the state has secured a $619,696 federal grant that will significantly further its efforts to reduce the number of home foreclosures across Texas and help stabilize families, declining home values, and local government coffers.The grant, awarded through the National Foreclosure Mitigation Counseling (NFMC) Program – Round 5, will provide counseling to potentially as many as 1,500 Texas homeowners in or facing a home foreclosure and help them avoid foreclosure

AUSTIN, TX - May 10, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $190,2651 award to a Houston-based nonprofit housing finance agency assisting eligible residents in eight southeast Texas counties and 11 cities purchasing a home of their own, providing greater stability to area low income families and a shot in the arm to the local economy.TDHCA made the award through its HOME Investment Partnerships (HOME) Program to the Southeast Texas Housing Finance Corporation (SETHFC), which the organization will use to provide nine households with down payment and closing cost assistance and helping them achieve the American Dream of homeownership.

AUSTIN, TX - May 6, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced two awards totaling $787,000 to the City of Center to help promote and maintain homeownership while providing a shot in the arm to the local economy.TDHCA awarded the city $265,000 in homebuyer assistance funds which it will use to provide down payment and closing cost assistance to help an estimated 10 eligible residents purchase a home of their own.

Houston, TX - April 28, 2011 - (RealEstateRama) -- Every year, Houston receives more than $35 million in Community Development Block Grant (CDBG) funding, as well as millions of dollars from other Federal funding sources to stabilize and revitalize neighborhoods across the City. These funds are made available by the U.S. Department of Housing and Urban Development and support an array of vital activities and projects benefiting thousands of Houstonians. Activities include the development of community centers, health clinics, schools, parks and multi-family housing, as well as providing home repairs for the elderly and down payment assistance to help families achieve the American dream. In addition, funding is used to provide crucial social services to countless community organizations serving the homeless, at-risk youth, seniors and persons with disabilities

Cotulla, TX - April 27, 2011 - (RealEstateRama) -- USDA Rural Housing Administrator Tammye Treviño today announced support for health care, public safety and education projects to create jobs and improve the quality of rural life in 15 Texas communities. “USDA is providing funds to help communities in rural Texas create jobs, attract businesses and provide improved services to their residents,” Trevino said. “The Obama Administration is helping Texas win the future by building the infrastructure needed for quality health care services, modern library facilities and school buildings, and reliable emergency services equipment.”

Washington, DC - April 14, 2011 - (RealEstateRama) -- This week, Congressman Al Green (TX-09) introduced two amendments which focus on housing counseling and the Housing and Urban Development Veterans Affairs Supportive Housing (HUD-VASH) program to the Department of Defense and Full-Year Continuing Appropriations Act, 2011 (H.R. 1473).

April 1, 2011 - (RealEstateRama) -- Crimson Real Estate Fund, L.P., and its co-investment partner, USAA Real Estate Company, have acquired the Aspen Lake office building located in far northwest Austin, Texas from Wells Fargo Bank.

AUSTIN, TX - March 2, 2011 - (RealEstateRama) -- … Crescent Resources, LLC is bringing its innovative apartment-living concept to college students with the development of Circle West Campus at the intersection of West 25th and Longview Streets by the University of Texas

Dallas, TX - February 16, 2011 - (RealEstateRama) -- McGuyer Homebuilders, Inc. (MHI) today announced it will pursue the U.S. Green Building Council’s LEED for Homes certification for all homes under its signature brands - Plantation Homes, Coventry Homes and Carmel Builders across the greater Dallas/Fort Worth, Tex. market. MHI, a leader in the production homebuilding community in Texas, announced its commitment at this week’s Texas Green Home Summit in Irving. With a commitment estimated at approximately 300 homes, MHI would become the largest builder of single-family LEED homes in the Texas market.

February 15, 2011 - (RealEstateRama) -- Since September 7, 2008 the U.S. taxpayers have sunk $153 billion into Fannie Mae and Freddie Mac. And according to Federal Housing Finance Agency (FHFA) the final tab could be as high as $363 billion! As if the news couldn’t get any worse for the American people, an investigation undertaken by this Subcommittee has discovered that the taxpayers have spent more than $162 million defending Fannie, Freddie and their former top executives in civil lawsuits accusing them of fraud. This includes over tens of millions dollars for former executives who knowingly and purposefully manipulated earnings to increase their own compensation, and whose actions directly contributed to the demise of the GSEs.

HOUSTON, TX - February 1, 2011 - (RealEstateRama) -- Congresswoman Sheila Jackson Lee (D-Texas) will join the Houston Housing Authority as they roll out the welcome mat for more than 100 low-income families at 2:30 p.m. CT on Tuesday, February 1, at Kennedy Place, 3100 Gillespie, Houston Texas 77020. Kennedy Place is celebrating its grand opening week after being rebuilt with federal funding from the Stimulus Act, which has created thousands of jobs throughout the country while stimulating local economies, including Houston’s

HOUSTON, TX - January 27, 2011 - (RealEstateRama) -- Today, a jury sitting in United States District Judge Sim Lake’s Courtroom found Vincent Wallace Aldridge, former fee attorney for First Southwestern Title Company and attorney for Aldridge and Associates, along with Tori Elyse Aldridge, a former employee of First Southwestern Title Company and Gilbert Barry Isgar, a co-owner of Waterford Homes, guilty of charges of wire fraud and money laundering in a scheme to defraud residential mortgage lenders of more than $3.7 million in loans in connection with home purchases in the Houston area, United States Attorney José Angel Moreno announced today along with FBI Special Agent in Charge Richard C. Powers and Internal Revenue Service-Criminal Investigations (IRS-CI) Special Agent in Charge Rodney E. Clarke.

AUSTIN, TX - January 21, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $345,000 award to the City of McKinney to assist eligible residents with the purchase of their first home, providing greater stability to area low income families and a shot in the arm to the local economy.City officials estimate that the award will help provide 30 local residents with down payment and closing cost assistance, helping them achieve the American Dream of homeownership.

AUSTIN, TX - January 20, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $480,000 award to the City of Clarksville to fund home repairs for low income homeowners, helping residents maintain homeownership while providing a shot in the arm to the local economy.City officials anticipate the funds will help rehabilitate six homes owned and lived in by income-eligible households.

AUSTIN, TX - January 20, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a major funding award to a regional nonprofit organization to assist eligible low income residents of four communities in Coryell, Gregg, and Henderson counties obtain safe, decent rental housing, helping set them on the path toward self-sufficiency.TDHCA awarded $220,464 in rental assistance funds to Affordable Caring Housing, Inc., a nonprofit housing organization headquartered in College Station. The organization will use the funds to help a total of 20 low-income households living in the cities of Athens, Copperas Cove, Gatesville, and Kilgore secure housing and meet their monthly rent payments

AUSTIN, TX - January 17, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) this week released $45 million in mortgage credit certificate authority through its Texas Mortgage Credit Program, an innovative homebuyer program that makes homeownership more affordable by providing a dollar for dollar reduction of a borrower’s tax liability, not to exceed $2,000 annually.The credit authority will allow the Department to provide tax credits on approximately $150 million worth of mortgage loans, which it estimates will help approximately 1,000 eligible households purchase a home of their own once they complete a certified homebuyer education class.

WASHINGTON, DC - December 22, 2010 - (RealEstateRama) -- A Harris County, Texas, commissioner and a Houston-based real estate developer have been charged with bribery conspiracy in an indictment returned yesterday by a federal grand jury in the Southern District of Texas, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division.