Housing & Development

Housing & Development

DSHA PROVIDES INCENTIVES TO CREATE MORE NEW AND ACCESSIBLE AFFORDABLE HOUSING UNITS

August 19, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) is pleased to announce that 335 affordable housing units will be created and/or preserved thanks to awards being made through the Low Income Housing Tax Credit (LIHTC) program. The 2010 LIHTC Qualified Allocation Plan (QAP) included incentives for developers to construct fully accessible units, as well as a new category to encourage developers to build new units that will add 83 affordable apartments to the statewide inventory.

METRO COMMERCIAL ARRANGES 21,827 SF LEASE FOR ASHLEY FURNITURE

Wilmington, DE (New Castle County) - June 14, 2010 - (RealEstateRama) -- Metro Commercial Real Estate, Inc., the Philadelphia region's premier full-service retail real estate company, has negotiated a sublease for the region’s largest home furniture and manufacturing company, Ashley Furniture, to occupy the former 21,827 square foot Lane Home Furnishings at the Brandywine Town Center located in Wilmington, DE.

Attorney General Biden’s Mortgage Fraud Task Force announces June 8-9 housing workshops

Wilmington, DE - June 3, 2010 - (RealEstateRama) -- On June 8th and 9th, Delaware homeowners are invited to attend free statewide housing workshops sponsored by the Delaware Attorney General’s Mortgage Fraud Task Force, in conjunction with the Delaware State Housing Authority and the Office of the State Bank Commissioner. The workshops are aimed at facilitating loan modifications, reducing foreclosures, and providing educational information to help resident stay in their homes.

Name Your Own Price for a Resort Home in Millsboro, DE

Clinton, NJ - May 28, 2010 - (RealEstateRama) -- Luxury living on a signature Jack Nicklaus golf course could cost as little as $95,000 when condo units are auctioned on June 13. Max Spann Real Estate & Auction Co., an industry-leading, full-service national auctioneer, will auction off 20 luxury condominiums at Windswept at the Peninsula on the Indian River Bay. The gated, resort community is located in Millsboro, DE.

Carper, Collins Bill to Safeguard Investment in Federal Green Buildings Wins Key Committee Approval

WASHINGTON, DC - May 21, 2010 - (RealEstateRama) -- Today the Committee on Environment and Public Works (EPW) unanimously approved Senator Tom Carper (D-DE) and Senator Susan Collins's (R-ME) legislation designed to ensure that federal employees who operate and maintain our federal facilities have the training and resources they need to safeguard our nation's significant investment in energy efficient buildings. The bill will now go to the full Senate for consideration.

Sens. Carper, Collins and Reps. Carnahan and Biggert Introduce Legislation to Safeguard Investment in...

WASHINGTON, DC - April 22, 2010 - (RealEstateRama) -- As Americans celebrate the 40th Anniversary of Earth Day and in recognition of the federal government's continuing commitment to saving energy and taxpayers' money, Senator Tom Carper (D-DE) along with Sen. Susan Collins (R-ME), Rep. Russ Carnahan (D-MO), and Rep. Judy Biggert (R-IL) introduced legislation today to ensure that federal employees who operate and maintain our federal facilities have the training and resources they need to safeguard our nation's significant investment in energy efficient buildings.

MIKE CASTLE APPLAUDS FUNDS FOR DELAWARE’S FIRST DEDICATED CHILDREN’S MUSEUM

Washington, DC - April 8, 2010 - (RealEstateRama) -- Today, Rep. Mike Castle highlighted the U.S. Department of Housing and Urban Development's announcement to award $190,000 for the construction of exhibits for Delaware's Children's Museum, at the Christina Riverfront in Wilmington. These funds were included in the annual appropriations bill for fiscal year 2009 (PL 111-8)

HUD SECRETARY DONOVAN ANNOUNCES $10 MILLION IN RECOVERY ACT GRANTS TO STABILIZE NEIGHBORHOODS, REBUILD...

March 29, 2010 - (RealEstateRama) -- U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced that HUD is awarding $10 million in Recovery Act funding to the Delaware State Housing Authority (DSHA) under the second round of HUD’s Neighborhood Stabilization Program (NSP). The NSP grants are part of $2 billion awarded nationwide to local communities and nonprofit housing developers to combat the effects of vacant and abandoned homes while creating jobs. Funded through the American Recovery and Reinvestment Act of 2009, this round of NSP grants is being awarded competitively to applicants who developed the most innovative ideas to address the impact the housing crisis has had on local communities, while demonstrating that they have the capacity to be responsible stewards of taxpayer dollars

STATE TAKING APPLICATIONS FOR $250M IN BONDS FOR AFFORDABLE LOANS – RATES AS LOW...

March 24, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) today announced $250 million in bonds are available for affordable home loans, which includes a set aside of 10 % (up to $25 million) for new construction home purchases.

State Taking Applications for $250M in Bonds for Affordable Loans

March 23, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) today announced $250 million in bonds are available for affordable home loans, which includes a set aside of 10 % (up to $25 million) for new construction home purchases.

Delaware State Housing Authority Offering Federal Tax Incentive to Developers of Affordable Rental Housing

February 23, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) is now offering approximately $2.5 million in federal housing tax credits to affordable rental housing developers. Developers have until 3:00 p.m. April 9, 2010 to apply to DSHA for federal housing tax credits on sites they plan to develop for low-income families.

Biden sues Ryan Homes for consumer fraud

Wilmington, DE - February 18, 2010 - (RealEstateRama) -- Attorney General Beau Biden announced today that his office has filed a 39-count consumer fraud lawsuit against NVR, Inc., which does business under the name “Ryan Homes.” Ryan Homes built several sections of homes in the Odessa National development, in Townsend, Delaware, where the alleged fraud took place. The civil suit, filed today in New Castle County Superior Court, seeks civil penalties of $10,000 for each violation of Delaware’s Consumer Fraud Act, restitution for 39 home buyer victims, punitive damages, and investigative costs.

Biden secures 21-count indictment in mortgage rescue fraud scheme

Wilmington, DE - February 4, 2010 - (RealEstateRama) -- Today, Attorney General Beau Biden announced that Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. Warrants have been issued for their arrest and racketeering liens have been placed on their assets. This represents what is believed to be one of the largest mortgage rescue fraud indictments in Delaware history. The indictment alleges that Jamaar Manlove ran a criminal enterprise involving theft, money laundering, and forgery in which he preyed on vulnerable homeowners who faced imminent foreclosure. In these scams, struggling homeowners sell their homes to third parties to avoid foreclosure based on the false promise that they can repurchase their homes through a complex sale/lease-back arrangement when their financial situations improve. In reality, this never happens.

Agencies Join Forces to Help Children Exiting Foster Care Get Housing

January 27, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) Director Anas Ben Addi , along with Secretary of the Department of Services for Children, Youth, and Their Families (DSCYF) Vivian Rapposelli, today announced that DSHA has been awarded fifty (50) Family Unification Housing Vouchers through the U.S. Department of Housing & Urban Development’s competitive application process. In addition to helping bring families together, these vouchers can now also be used to provide housing assistance to youth between 18 and 21 years of age who have left foster care and need affordable and decent housing in a safe environment.

Congresswoman Capito Marks 20th Anniversary of Affordable Housing Program: $10.5 Million, Nearly 1,400 Affordable...

Charleston, WV - August 24, 2009 - (RealEstateRama) -- Congresswoman Shelley Moore Capito (WV-02) marked the 20th Anniversary of the Affordable Housing Program (AHP) today with strong words of support for the program and recognized 16 West Virginia banks for helping to bring more than $10 million in housing assistance to the state

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REAL ESTATE MORTGAGE NETWORK, INC. EXPANDS MID-ATLANTIC PRESENCE WITH FIRST DELAWARE...

WILMINGTON, DE - June 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., is pleased to announce the opening of its latest branch in Wilmington, DE. As REMN’s first branch in the state of Delaware, this new location will help the company better service the needs of region’s home buyers and real estate professionals, including those that live or work in and around the southeastern Pennsylvania, southern New Jersey and eastern shore of Maryland areas, including the regions surrounding Philadelphia and Camden

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DSHA Increases Rental Assistance in Areas of Opportunity

To ensure that all Delawareans have more choice of where to live, the Delaware State Housing Authority is increasing available rental assistance in Areas of Opportunity across the state, allowing families with housing vouchers to move closer to employment centers, quality schools and high-growth housing markets.