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
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.
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.
February 26, 2010 - (RealEstateRama) -- Delaware State Housing Authority (DSHA) Director Anas Ben Addi today announced that a new program, the “Homeownership Grant Assistance Program” (GAP), is available to assist homeowners facing foreclosure. The $1 million grant program, a partnership between DSHA and the Department of Health and Social Services, is funded through the American Reinvestment and Recovery Act (ARRA). Eligible homeowners can receive up to $5,000 in the form of a grant to save their home from foreclosure. The program will be offered while funding remains available up to September 30, 2010
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.
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.
Washington, Dc - February 12, 2010 - (RealEstateRama) -- This week, Federal Reserve Chairman Bernanke released plans to reduce its emergency lending programs used during the economic crisis. Bernanke detailed actions the Fed may take to reduce its $2.2 trillion balance sheet, including a commitment to purchase up to $1.25 trillion in mortgage-backed securities. The actions from the Fed have been questionable due to lack of transparency and use of emergency powers, outside of Congressional oversight
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.
NEWARK, DE - February 2, 2010 - (RealEstateRama) -- The Girl Scouts of the Chesapeake Bay Council, Inc. (GSCBC), was joined by civic and community leaders today in dedicating the Council’s Science and Technology Lodge in honor of former Council Board President and lifelong environmental advocate Lynn W. Williams.
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.
NEW CASTLE, DE - December 16, 2009 - (RealEstateRama) --Gov. Jack Markell, New Castle County Executive Chris Coons and other government and non-profit leaders to announce the county’s Neighborhood Stabilization Program will use a state grant to purchase and rehabilitate foreclosed and abandoned homes
Senate Judiciary Committee Hearing on Mortgage Fraud, Securities Fraud, and the Financial Meltdown: Prosecuting...
December 9, 2009 - (RealEstateRama) -- Good afternoon, everyone. I am honored to call to order this hearing of the Senate Committee on the Judiciary. And I thank Chairman Leahy for permitting me to chair this hearing
December 7, 2009 - (RealEstateRama) -- Eight Delaware emergency and transitional shelters for the homeless received a financial boost from the Delaware State Housing Authority (DSHA) to continue to bring needed services to the homeless in lower Delaware. A total of $100,233 in federal funds was awarded to homeless providers through a competitive application process in which DSHA has participated for twenty-one consecutive years.
November 17, 2009 - (RealEstateRama) -- As Delaware beach-area property owners take stock of damage from last week’s coastal storm, the Department of Natural Resources and Environmental Control staff stands ready to assist owners and contractors who are planning repairs or rebuilding efforts. DNREC will work directly with property owners and make every effort to expedite any permits and approvals needed.
September 1, 2009 - (RealEstateRama) -- overnor Jack Markell, Senator Tom Carper and Delaware State Housing Authority (DSHA) Director Anas Ben Addi today announced that Hollybrook Farms, LP has received just over $4.3 million in funding through American Recovery and Reinvestment Act of 2009, better known as ARRA, to renovate units at the housing community located in Laurel. Specifically, the funding was made available through ARRA’s Tax Credit Exchange Provisions (TCEP). This funding will save the property from foreclosure and preserve 124 units of affordable housing, in addition to the federal annual subsidy of $649,000. The project will also help boost the economy and provide nearly 200 jobs during construction