April Illinois Home Sales Signal Buyers Getting Off the Sidelines Statewide Sales Up 9...

Springfield, IL - May 27, 2009 - (RealEstateRama) — The Illinois housing market posted its third consecutive month of home sales increases over the previous month helped by record low interest rates and buyer incentives including the homebuyer tax credit and improved affordability. According to the Illinois Association of REALTORS® latest report, total home sales (which include single-family and condominiums) were up 9.0 percent in April 2009 to 7,593 homes compared to 6,968 homes sold in March 2009. Overall, home sales were down 20.9 percent from April 2008 sales of 9,599.

President Signs Into Law Three Biggert-Inspired Provisions: Housing Counseling, Anti-Mortgage Fraud Funds, and Housing...

Washington, DC - May 21, 2009 - (RealEstateRama) — Three measures that topped U.S. Representative Judy Biggert’s (R-IL-13th) list of priorities for 2009 were included in two bills signed into law by President Obama today. Biggert attended the signing ceremony at the White House where the President signed into law S.386, the Fraud Enforcement and Recovery Act of 2009, and S. 896, the Helping Families Save Their Homes Act.

Illinois Home Sales Improve as First Quarter Closes Statewide First Quarter Median Price at...

SPRINGFIELD, IL - May 12, 2009 - (RealEstateRama) — March sales showed sizeable gains over February, yet tighter lending standards had a resounding effect on first quarter home sales, according to the Illinois Association of REALTORS® (IAR). Home sales (which include single-family homes and condominiums) totaled 16,748, down 23.5 percent from 21,902 home sales in the first quarter of 2008. The first quarter median home sale price was $146,000, down 21.1 percent from $185,000 a year earlier. The median is a typical market price where half the homes sold for more, half sold for less.

Governor Quinn Announces more than $21 million for Parks and Open Space

SPRINGFIELD, IL - May 7, 2009 - (RealEstateRama) — At the Illinois Association of Park Districts Legislative Conference in Springfield, Governor Pat Quinn announced $21.2 million in grants for 59 park development and land acquisition projects throughout Illinois.

Statewide March Home Sales Jump 35.5 Percent from February Illinois Median Price Up to...

SPRINGFIELD, IL - April 27, 2009 - (RealEstateRama) — For the second-straight month, Illinois home sales increased over the month before and for the first time since June 2008 the statewide median home price also rose from the previous month.

Statewide Program to Award $15M to Help Low-Income Residents Afford Rent Payments

CHICAGO, IL - April 08, 2009 - (RealEstateRama) — Illinois’ innovative Rental Housing Support Program is entering a second year of helping low-income residents by providing nearly $15 million in additional grants to agencies and landlords across the state to lower rents to affordable levels.

Mayor Daley, U.S. Senator Dick Durbin Announce $12.3 Million for O’Hare Runway Work

Chicago, IL - March 31, 2009 - (RealEstateRama) — Chicago will receive $12,262,589 from the competitive grant portion of the federal economic stimulus program to improve a runway and taxiway at O’Hare International Airport, Mayor Richard M. Daley and U.S. Senator Dick Durbin said today.

Durbin Announces Nearly $10 Million in Recovery Act Funding for Illinois Airports

WASHINGTON, D.C. - March 20, 2009 - (RealEstateRama) — Assistant Senate Majority Leader Dick Durbin (D-IL) today announced that the Department of Transportation has awarded $9,731,580 in grants to airports in Rockford, Decatur and the Quad Cities.

HUD awards $20 million to continue revitalization at Chicago’s Stateway Gardens public housing development

Funding to bring new rental and homeownership opportunities for former residents

Crowne Plaza Hotel Opens Outside of Chicago

March 06, 2009 - (RealEstateRama) — IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)], the world's largest hotel group by number of rooms, today announced that the Crowne Plaza Chicago-Northbrook has opened, after undergoing a $16 million renovation and conversion from a Radisson.

Governor Quinn announces nine southern Illinois counties will receive federal aid for ice storm...

METROPOLIS, IL - March 06, 2009 - (RealEstateRama) —. On Thursday at 3:00 p.m., at the Metropolis Community Center, 900 West 10th St., Governor Pat Quinn formally announced that President Barack Obama approved the state’s request for federal assistance for nine southern Illinois counties that were damaged by a severe winter storm in January

Durbin Bill to Stem Record Foreclosures Included in Obama’s Housing Plan

CHICAGO, IL - March 03, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) today called for passage of his Helping Families Save Their Homes in Bankruptcy Act, a bill he re-introduced in early January and named one of his top legislative priorities of the year.

Governor Quinn Addresses 2009 National Main Streets Conference

CHICAGO, IL March 03, 2009 - (RealEstateRama) — On Monday at the Palmer House Hilton, Governor Pat Quinn spoke to over 1,500 attendees at the Open Plenary Session of the National Main Streets Conference about the importance of historic commercial districts

Governor Quinn Joins with University of Illinois Community to Celebrate Signing of the Sustainable...

CHICAGO, IL - February 19, 2009 - (RealEstateRama) — On Wednesday at 3:30 p.m. at the University of Illinois Urbana-Champaign Business Institutional Facility, Governor Pat Quinn joined the University of Illinois President, Chancellor and Trustee Chairman to celebrate the signing of the Sustainable University Compact by all three University of Illinois campuses to green their campuses.

EPA’S Illinois Green Power Partners cut greenhouse gas emissions

Chicago, IL - February 10, 2008 - (RealEstateRama) — U.S. Environmental Protection Agency Region 5 announced today that its 2008 top-ranking Green Power Partners...


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.


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.