Housing & Development

Housing & Development

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.

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

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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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The Sky’s the Limit as Realtors® Gather in Chicago

The National Association of Realtors® kicks off its annual conference in Chicago today with a focus on education and opportunity. More than 20,000 Realtors® and guests from around the world are expected to attend the 2017 REALTORS® Conference & Expo, which runs through November 6 at McCormick Place convention center.

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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