Housing & Development

Housing & Development

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.

IHDA Urges First-Time Homebuyers to Take Advantage of Home Start Advance Loan

Must Close Before December 1, 2009 to Qualify for Advance Loan on Federal Credit. CHICAGO, IL - October 12, 2009 - (RealEstateRama) -- With the federal tax credit deadline fast approaching, the Illinois Housing Development Authority (IHDA) reminds potential first-time homebuyers to take advantage of the Home Start Tax Advance Loan. The deadline for the loan, which offers up to $6,000 in down payment assistance, is December 1, 2009.

Biggert Pushes to Extend Homebuyer Tax Credit, Stabilize Housing Market

Washington, DC - October 8, 2009 - (RealEstateRama) -- U.S. Representative Judy Biggert (R-IL-13th) today introduced two related measures aimed at promoting economic recovery by strengthening the housing sector, boosting homes sales, and stabilizing property values. Both bills are fully offset to remain budget neutral and would extend or amplify the popular first-time home buyer (FTHB) tax credit, which is set to expire at the end of November

State Funding to Help Persons with Disabilities Stay in Their Own Homes

Home Modification Grants Enable IL Residents to Maintain Indepence. CHICAGO, IL - September 29, 2009 - (RealEstateRama) -- Low-income seniors and residents with disabilities in Illinois can continue to live independently and with family under a new round of $2.2 million in state funding through the Illinois Housing Development Authority (IHDA). Families and individuals with special needs can apply for Home Modification Program grant money to install ramps, chair lifts, wider doors and other accessible improvements to their homes

Foster Announces More Than $2 Million for Kane County Housing Programs

Grants to Create Jobs and Expand Supply of Decent, Affordable Housing. Washington, DC - September 24, 2009 - (RealEstateRama) -- Today, Rep. Bill Foster (IL-14) announced that the U.S. Department of Housing and Urban Development has awarded Kane County with two different grants, a Community Development Block Grant (CDBG) worth $1,210,514 and a HOME program grant worth $805,428

IHDA Board Appoints Governor’s Former Deputy Chief of Staff as Executive Director Gloria L....

CHICAGO, IL - September 21, 2009 - (RealEstateRama) -- Members of the Illinois Housing Development Authority (IHDA) board today appointed Gloria L. Materre, former deputy chief of staff under Governor Pat Quinn, as executive director. IHDA is the state agency dedicated to financing affordable housing across the state. Materre succeeds DeShana L. Forney, who resigned to pursue other career opportunities.

GRANITE CITY HOUSING AUTHORITY RECEIVES OVER $6 MILLION IN RECOVERY ACT FUNDS

Washington, DC - September 21, 2009 - (RealEstateRama) -- U.S. Congressman Jerry Costello (D-IL) announced that the Granite City Housing Authority has received a $6,052,223 grant as part of American Recovery and Reinvestment Act funding from the Department of Housing and Urban Development. The funds will be used to make energy efficiency improvements at Granite City Commons

HUD accepts Illinois’ $17 million disaster recovery plan

WASHINGTON, DC - September 10, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today accepted a $17.3 million plan from the State of Illinois to support its recovery following last year's devastating floods. The emergency funding is provided through HUD's Community Development Block Grant (CDBG) Program and will help Illinois to buyout homes and support local infrastructure projects located in flood-prone areas.

Governor Quinn Joins Groundbreaking at Transportation Hub in Joliet Facility Will Create Thousands of...

JOLIET, IL - September 3, 2009 - (RealEstateRama) -- Governor Pat Quinn joined business and community leaders today to break ground on a new transportation facility in Joliet. Based on their existing Elwood facility, CenterPoint Properties projects 7,000 permanent jobs will be brought to Illinois by this new facility.

Governor Quinn Signs Bill to Create Jobs, Develop Transportation Hub in Joliet Intermodal...

CHICAGO, IL - August 25, 2009 - (RealEstateRama) -- Governor Pat Quinn signed the Intermodal Facilities Promotion Act, which is designed to encourage business development along the freight rail systems of Illinois. Based on experience with their existing Elwood facility, CenterPoint Properties projects 7,000 permanent new jobs being brought to Illinois through an intermodal facility in Joliet

Turner Selected by U.S. General Services Administration for the $110 Million Renovation of the...

Renovation Will Improve Energy Efficiency of Historic Courthouse. New York, N.Y. - August 25, 2009 - (RealEstateRama) -- Turner Construction Company, the nation’s leading general builder, has been selected by the United States General Services Administration to provide pre-construction and construction management services for the $110 million renovation of the Everett McKinley Dirksen U.S. Courthouse in Chicago, Illinois, which was constructed in 1964 and designed by Mies Van Der Rohe. The courthouse will remain in operation during the renovation, with work being performed at night and during the weekends. Completion of the renovation is scheduled for 2012.

Quinn Administration Announces Guidelines for State Energy Grants Over $100 Million in Federal Recovery...

SPRINGFIELD, IL - August 21, 2009 - (RealEstateRama) -- August 20, 2009. On behalf of Governor Pat Quinn, The Illinois Department of Commerce and Economic Opportunity (DCEO) today released guidelines for individuals and businesses interested in applying for state energy grants. Last week, Governor Quinn announced that the U.S. Department of Energy had approved Illinois’ State Energy Plan (SEP), which will make over $100 million in federal recovery funding available for grants in Illinois.

Biggert Bill to aid those with Disabilities: House Passes Bill to Renew and Improve...

Washington, DC - July 22, 2009 - (RealEstateRama) -- U.S. Representative Judy Biggert (R-IL-13) today secured House passage of bipartisan legislation to modernize and expand housing assistance and supports for those with severe disabilities, including mental illnesses. Introduced in March by Biggert, the lead GOP sponsor, and Rep. Christopher Murphy (D-CT-5), H.R. 1675, the Frank Melville Supportive Housing Investment Act of 2009, passed with overwhelming support and now awaits Senate action.

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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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IRS Orland Park IL

The Boulder Group Arranges Sale of an GSA Building in the...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Internal Revenue Service (IRS) office building located at 14479 S. John Humphrey Drive in Orland Park, IL for $3,250,000.

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Quigley Fights to Expand Affordable Housing and Protect Vital Infrastructure Investments

Today, U.S. Representative Mike Quigley (IL-05) fought to expand federal housing assistance and protect funding and eligibility for vital infrastructure programs that improve the economy and support local communities, including projects in Chicago and Cook County. His efforts come as the House Appropriations Committee considers the FY15 Transportation, Housing and Urban Development (THUD) Appropriations bill Fisher Investments Jay Carlson