Archives

AUSTIN, TX - November 5, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that it has reduced interest rates on mortgage loans offered through its Texas First Time Homebuyer Program to historically low levels, further opening the door to safe and responsible homeownership for qualifying low to moderate income Texans.Interest rates on these 30-year, fixed rate mortgage loans have been set at either 4.20 percent or 4.95 percent, depending on which of two types of loans the borrower selects. Rates had previously been set at 4.99 percent or 5.74 percent, respectively. The assisted rate of 4.95 percent is available with funds for down payment and closing cost assistance, helping families overcome what are often the biggest obstacles to buying a home.

AUSTIN, TX - October 28, 2010 - (RealEstateRama) -- Consumers who suffered property damage in the recent severe weather in the North Texas area should contact their insurance company or agent to file a claim as soon as possible. Initiating this process is the first step toward getting money to begin making repairs.

October 27, 2010 - (RealEstateRama) -- Obama is defending the so-called “rights” of international banks, to throw Americans out of their homes, arguing that halting foreclosures will weaken the economy. Not even Herbert Hoover had a policy of throwing people out on the street. This sort of malicious, murderous insanity, by Obama, will continue killing Americans, unless this failure of a human being is removed from office by the 25th Amendment

Houston,TX - October 25, 2010 - (RealEstateRama) -- Congressman Al Green (TX-09) has received an A+ grade from the Iraq and Afghanistan Veterans of America (IAVA), one of our nation's most important veterans' organizations. Congressman Al Green was awarded the organization's highest honor because of his voting record on veterans' issues in the 111th Congress.

October 20, 2010 - (RealEstateRama) -- USAA Real Estate Company announced the sale of Boardwalk at Town Center in The Woodlands, Texas to MEPT, a $4.0 billion real estate equity fund which was advised by its real estate advisor, Kennedy Associates. Will Balthrope and Ryan Epstein with the Balthrope Group of Institutional Property Advisors, a Marcus & Millichap Company, represented USAA in the transaction. Details of the purchase and sale agreement have not been disclosed.

Washington, D.C. - October 6, 2010 - (RealEstateRama) -- Congressman Rubén Hinojosa announced a $100,000 grant was awarded to Refugio County by the U.S. Department of Agriculture under the Rural Development Housing Preservation Grants Program to repair and improve rural homes for low and very-low-income residents.

EL PASO, TX - October 6, 2010 - (RealEstateRama) -- Texas Attorney General Greg Abbott today reached an agreement with Wells Fargo & Co. that will provide $5 million in relief to more than 200 Texas homeowners who had “payment option” adjustable rate mortgage loans with the bank.

Washington, D.C. - October 6, 2010 - (RealEstateRama) -- Concerned that federal bank regulators are making the challenges confronting America's commercial real estate sector worse, U.S. Congressman Kevin Brady (R-Texas) has introduced legislation to stabilize commercial mortgage lending and strengthen private investment in the commercial real estate market.

Washington, D.C. - September 21, 2010 - (RealEstateRama) -- Today, Congressman Al Green (TX-09) announced that the City of Houston and Harris County have been awarded significant funding as part of the Neighborhood Stabilization Program (NSP), which is coordinated by the Department of Housing and Urban Development (HUD).

Dallas, TX - September 21, 2010 - (RealEstateRama) -- The U. S. Department of Housing and Urban Development (HUD) will be awarding Dallas County with a $2,342,611 Community Development Block Grant (CDBG), a $93,098 Emergency Shelter Grant (ESG) and a $773,694 HOME grant.

LAREDO, TX - August 27, 2010 - (RealEstateRama) -- Texans who have flooded homes as a result of Hurricane Alex may also find themselves facing the growth of mold. Disaster recovery specialists from the Federal Emergency Management Agency (FEMA) and the Texas Division of Emergency Management (TDEM) caution that the health effects from mold can be severe for those with pre-existing health conditions such as allergies and asthma

AUSTIN, TX - August 5, 2010 - (RealEstateRama) -- Texas Department of Housing and Community Affairs (TDHCA) today announced statewide funding awards to help finance the development of high quality rental properties offering reduced rents yet with an attractive design to blend seamlessly within the community.

Washington, DC - July 29, 2010 - (RealEstateRama) -- U.S. Rep. Rubén Hinojosa (TX-15) announced the House Financial Services Committee approved H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010

Washington (DC) - July 29, 2010 - (RealEstateRama) -- Yesterday, Congressman Al Green’s (TX-09) “Veterans, Women, Families with Children, and Persons with Disabilities Housing Fairness Act of 2010” (H.R. 476) moved forward in Congress after being approved in a mark up session held by the House Committee on Financial Services. The bill has now been favorably approved and reported out of Committee.

CORSICANA, TX - July 21, 2010 - (RealEstateRama) -- The fourth member of a multi-county mortgage fraud scheme today pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages.

Austin, TX - July 19, 2010 - (RealEstateRama) -- Gov. Rick Perry today announced the state is investing $750,000 through the Texas Enterprise Fund (TEF) in Vendor Resource Management (VRM) for the expansion of its Carrollton headquarters.

AUSTIN, TX - July 19, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) has announced a $5.2 million Continuum of Care grant to Texas which will fund seven organizations providing or furthering housing and supportive services for homeless families and individuals, or those at risk of homelessness, helping to transition them out of poverty.

Washington, DC - July 20, 2010 - (RealEstateRama) -- Congressman Al Green (TX-09) voted to support the Flood Insurance Reform Priorities Act of 2010 (H.R. 5114), which passed the House by a vote of 329-90. Congressman Al Green is a co-sponsor of the bill, which amends the National Flood Insurance Act of 1968 and reauthorizes the National Flood Insurance Program through 2015.

AUSTIN, TX - July 8, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $37,500 award to help a regional community development organization access federal grant funds and enhance homeownership for low income residents in a six-county service area.

AUSTIN, TX - July 9, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) and State Senator Eddie Lucio, Jr. today announced a $49,500 award to help a local nonprofit housing organization access federal grant funds and enhance homeownership for low income residents in Cameron and Willacy counties.