Illinois RealEstateRama

CHICAGO, IL - February 19, 2010 - (RealEstateRama) -- The final report of the Nursing Home Safety Task Force was presented to Governor Pat Quinn today. The report details recommendations to ensure the safety of nursing home residents and build a better system of treatment for people in need of care for physical or mental illnesses, disorders or disabilities. Governor Quinn formed the Task Force in October of 2009 in response to reports of violence and unsafe, inadequate care for vulnerable nursing home residents. To read the full report, please click on the link below

SPRINGFIELD, IL - February 11, 2010 - (RealEstateRama) -- Fueled by the tax credit incentive, home sales rebounded in the latter half of the year with Illinois buyers gaining some long-awaited confidence bolstered by low mortgage interest rates and moderating home prices. According to the Illinois Association of REALTORS® (IAR) fourth quarter 2009 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,822 in the fourth quarter, up 35.6 percent from 21,986 home sales in the same period a year ago. For the year 2009, total sales were down 1.4 percent with 107,613 homes sold compared to 109,195 sales in 2008

Two programs serve low-income residents, create jobs. CHICAGO, IL - February 11, 2010 - (RealEstateRama) -- A new round of $15.4 million in federal affordable housing funds will help low-income residents, including seniors and persons with disabilities, and landlords rehabilitate more than 420 homes across the state, the Illinois Housing Development Authority (IHDA) announced today.

CHICAGO, IL - February 10, 2010 - (RealEstateRama) -- The Illinois Department of Healthcare and Family Services (HFS) today announced the approval of 18 new Supportive Living Facilities (SLFs) in Illinois. The state’s Supportive Living Program offers an alternative to nursing home care for low income seniors, and people with physical disabilities

More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.

DEKALB, IL - January 28, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced that Northern Illinois University (NIU) will get $8 million to renovate Cole Hall, which on Feb. 14, 2008 was the tragic scene of an unprovoked attack where five students were shot and 19 were wounded. An additional $2.3 million will be used to plan for the renovation of Stevens Building.

CHICAGO, IL - January 27, 2010 - (RealEstateRama) -- The Illinois Department of Financial and Professional Regulation (IDFPR) today announced it had indefinitely suspended the licenses of Edward Kent, a Real Estate Broker and Associate Appraiser who had been convicted of a crime that caused his name to be placed in the Illinois Sex Offender Database. After receiving a complaint about Mr. Kent, the Department undertook to compare its more than one million licensees against that database.

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

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

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.

OSFM offers safety tips, highlights dangers with furnaces, fireplaces and space heaters. SPRINGFIELD, IL - January 20, 2010 - (RealEstateRama) -- Heating equipment is a leading cause of home fires and nearly half of all home fires occur during the winter months, according to the Office of the Illinois State Fire Marshal (OSFM)

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

Washington, DC - January 12, 2010 - (RealEstateRama) -- Congressman Aaron Schock (R-IL) joined 132 of his colleagues in writing to President Barack Obama this week, requesting he release emergency funds from the Low Income Home Energy Assistance Program (LIHEAP).

WASHINGTON, D.C. - January 7, 2010 - (RealEstateRama) -- United States Senator Roland W. Burris today announced that the Emergency Food and Shelter National Board Program (EFSP) will award Illinois a total of $9,000,170 to increase efforts to provide services, food and shelter for the hungry, homeless, and individuals struggling during the economic crisis. The EFSP is a federal program administered by the U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA).

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