Housing & Development

Housing & Development

Illinois Home Sales in December Log Fourth Consecutive Gain Year-End Home Sales Down 1.5...

SPRINGFIELD, IL - January 26, 2010 - (RealEstateRama) -- Illinois housing markets show signs of stabilizing as low interest rates and the tax credit stimulus helped to reduce inventories through the end of 2009 while more markets reported median price increases in December. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in December 2009 were up 20.1 percent, totaling 8,197 homes sold compared to December 2008 sales of 6,823 homes, marking the fourth consecutive month of year-over-year sales increases statewide. The median price in December 2009 was $152,000 down 1.9 percent from $155,000 in December 2008. The median is a typical market price where half the homes sold for more, half sold for less

Durbin: $98 Million in Recovery Act Funding Will Be Used to Put Chicagoans Back...

CHICAGO, IL - January 26, 2010 - (RealEstateRama) -- U.S. Senator Dick Durbin (D-IL) today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the City of Chicago a Neighborhood Stabilization Program (NSP) grant in the amount of $98,008,384 through the American Recovery and Reinvestment Act. These grants are competitively awarded to local governments and non-profit housing developers to spur economic development and create jobs in hard-hit communities

Hare Praises New Housing Facility for Homeless Female Veterans

January 26, 2010 - (RealEstateRama) -- Congressman Phil Hare (D-IL) today released the following statement praising the Obama Administration for opening a new transitional housing facility in Cocoa, Florida for homeless female veterans. Hare has introduced the Help Our Homeless Veterans Act, legislation that would mandate the Secretary of Veterans Affairs to dedicate funding for a National Media Outreach Campaign on homelessness with a specific focus on women.

Shimkus Announces LIHEAP Funding; Calls on Obama to Release More Funds

Washington, DC - January 14, 2010 - (RealEstateRama) -- Congressman John Shimkus (R, Illinois-19) has co-signed a letter with 112 of his colleagues, both Republicans and Democrats, to President Obama asking that Low Income Home Energy Assistance Program (LIHEAP) contingency funds be released

HUD ANNOUNCES AGREEMENT WITH LAKE COUNTY HOUSING AUTHORITY TO END DISCRIMINATION COMPLAINT AND KEEP...

WASHINGTON, DC - January 12, 2010 - (RealEstateRama) -- Two elderly sisters will continue living together under an agreement announced today by the U.S. Department of Housing and Urban Development (HUD) and the Lake County Housing Authority (LCHA) in Grayslake, Illinois.

New Web site creates Illinois ‘hub for housing’

CHICAGO, IL - January 5, 2010 - (RealEstateRama) -- A new free bilingual Web site (ILHousingsearch.org) featuring statewide property listings is available now to help Illinois residents find their next rental home. ILHousingsearch.org was created by the administration of Governor Pat Quinn to allow users to search through a range of features to find a home that fit their needs

IAR Releases 2010 Illinois Housing Market Forecast

Springfield, IL - December 15, 2009 - (RealEstateRama) -- More optimism in terms of year-over-year home sales increases is projected in 2010 while the declines in median prices continue but at a lower rate of decline, according to the 2010 Illinois Housing Market Forecast released by the Illinois Association of REALTORS® and prepared by economists from the University of Illinois Regional Economics Applications Laboratory (REAL).

Quigley Rolls Up Sleeves to Help Weatherize Seniors’ Homes

CHICAGO, IL - December 7, 2009 - (RealEstateRama) -- Congressman Mike Quigley (D-IL) and his staff recently volunteered with the Young Leaders of Korean American Community Services (KACS) at an event to weatherize over a hundred living units for local senior residents

$1.4M Grant to Provide Free Foreclosure Mitigation Counseling to Struggling Homeowners

CHICAGO, IL - November 20, 2009 - (RealEstateRama) -- Today, the Illinois Housing Development Authority (IHDA) Board of Directors approved allocating a $1.4 million federal grant to fund free foreclosure counseling help for homeowners throughout Illinois

Illinois Department of Veterans’ Affairs brings awareness to homeless Vets at Prince Home ...

MANTENO, IL - November 16, 2009 - (RealEstateRama) -- The Illinois Department of Veterans’ Affairs (IDVA) held an open house today at the Prince Home at Manteno to bring awareness to the resources the State of Illinois provides for homeless and disabled veterans. IDVA Director Dan Grant was joined by State Rep. Lisa Dugan (D-Kankakee) and State Sen. Toi Hutchinson (D-Chicago Heights) at the facility, which was the first in Illinois to provide permanent supportive housing for homeless veterans.

Business And Housing Stimulus Extended

Washington, D.C. - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives voted today to extend two economic stimulus provisions championed by Congresswoman Melissa Bean to aid struggling small businesses and support the recovering housing market.

Governor Quinn Recognizes Contributions of Volunteers with Governor’s Home Town Awards

SPRINGFIELD, IL - October 30, 2009 - (RealEstateRama) -- Governor Pat Quinn today recognized hundreds of volunteers for their hard work and dedication towards improving their communities. The Governor’s Home Town Awards were given for 46 projects during a ceremony at the Executive Mansion in Springfield

Biggert to Cut ACORN’s ‘HUD-Approved’ Status: Introduces Bill to Keep Scandal-Plagued Group Out of...

Washington, DC - October 16, 2009 - (RealEstateRama) -- U.S. Representative Judy Biggert (R-IL-13th) today introduced legislation, the Suspend ACORN Certification (SAC) Act, aimed at preventing the misuse of public resources designated for federally-approved housing counseling activities

HUD APPROVES $34.2 MILLION FINANCING DEAL TO REPLACE AGING HOSPITAL IN MENDOTA, ILLINOIS

WASHINGTON, DC - October 15, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Mendota Community Hospital in Mendota, Illinois. The $34,220,000 loan is made possible through the Federal Housing Administration’s Section 242 Hospital Mortgage Insurance Program.

Governor Quinn Announces Availability of Recovery Funds for Low-Income Home Weatherization Efforts

CHICAGO, IL - October 15, 2009 - (RealEstateRama) -- Governor Pat Quinn today announced that approximately $242 million in additional Illinois Home Weatherization Assistance Program (IHWAP) funding is available through the American Recovery and Reinvestment Act (ARRA) to assist with low-income home weatherization efforts over the next two years.

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Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.

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CHA’s outstanding work in Section 3 program prompts HUD to waive...

The U.S. Department of Housing and Urban Development (HUD) has waived the final year of a five-year agreement with the Chicago Housing Authority because of the agency’s outstanding performance and commitment to enhancing the Section 3 program that provides job and contracting opportunities to public housing residents.