Yearly Archives: 2009

CHICAGO, IL - August 17, 2009 - (RealEstateRama) -- August 15, 2009. In an effort to help struggling homeowners, Governor Pat Quinn today announced an outreach program to give Chicago area homeowners face-to-face guidance when applying for lower mortgage payments through President Obama’s Making Home Affordable Program.

SPRINGFIELD, IL - August 11, 2009 - (RealEstateRama) -- Pent-up demand plus affordable prices, low interest rates and the tax credit incentive provided a substantial boost to the Illinois housing market in the second quarter, according to the Illinois Association of REALTORS® (IAR). Statewide total home sales (which include single-family and condominiums) increased by 61.8 percent in the second quarter of 2009 to 27,531 homes sold compared to 17,017 homes sold in the first quarter of 2009. Sales were down 16.4 percent from second quarter 2008 sales of 32,949.

July 24, 2009 - (RealEstateRama) -- The House unanimously approved an amendment offered by Congressman Aaron Schock (R-IL) today to H.R. 3288, the Fiscal Year 2010 (FY 10) Transportation, Housing and Urban Development Appropriations Act.

CHICAGO, IL - July 23, 2009 - (RealEstateRama) -- First-time homebuyers in Illinois now have an opportunity to take advantage of current low-interest rates and decreasing home prices under an innovative new program offered by the Illinois Housing Development Authority (IHDA). The Illinois Home Start Loan Program allows hundreds of residents to achieve the dream of homeownership through a new 30-year fixed rate loan, and an advance loan on the federal tax credit created by the American Recovery and Reinvestment Act of 2009

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.

Washington, DC - July 8, 2009 - (RealEstateRama) — Today, Rep. Bill Foster (IL-14) announced that communities in the 14th District have been awarded $7,327,749 in grants from the U.S. Department of Housing and Urban Development. This funding was made possible by the American Recovery and Reinvestment Act, which Foster voted for.

Chicago, IL - July 8, 2009 - (RealEstateRama) — To gauge the progress of Chicago’s Plan to End Homelessness since its introduction six years ago by a broad coalition of public and private partners, Chicago is launching the first-ever evaluation of a city’s Plan to End Homelessness. Led by nationally-renowned homeless policy experts at the University of Chicago and Loyola University Chicago in conjunction with the Chicago Alliance to End Homelessness, the evaluation is a comprehensive, two-year, community-driven effort to answer the question: is Chicago’s Plan effectively preventing and ending homelessness for individuals and families in Chicago?

WASHINGTON, DC - July 7, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to six storm-ravaged counties in Illinois and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, flooding, and tornadoes.

WASHINGTON, D.C. - July 7, 2009 - (RealEstateRama) — Assistant Senate Majority Leader Dick Durbin (D-IL) today announced that Illinois communities and housing agencies will receive $28,377,761 in grant funding through four programs administered by Department of Housing and Urban Development (HUD).

WASHINGTON, D.C - July 2, 2009 - (RealEstateRama) — United States Senator Roland W. Burris today announced that the U.S. Department of Housing and Urban Development (HUD) is awarding the State of Illinois with $94,676,979 from the 2009 American Recovery and Reinvestment Act.

INDIANAPOLIS - June 29, 2009 - (RealEstateRama) — The Custom Electronic Design & Installation Association (CEDIA) will deliver education for electronic systems professionals, both rookie and veteran, at an upcoming event hosted by Capitol Sales Company in the Chicago area July 12–14. CEDIA University (CU) On the Road will travel to the Capitol Sales Learning Institute™ – Regional Outreach event in Itasca, Il., to offer core courses from three CEDIA University colleges. The event will also feature product training from top manufacturers and a certification opportunity from the Electronic Systems Professional Alliance (ESPA).

February 10, 2008 - (RealEstateRama) — Tom Stephani, MIRM, a custom home builder/developer and consultant from Crystal Lake, Ill., was named chairman of the...

SPRINGFIELD, IL - June 23, 2009 - (RealEstateRama) — The month of May marked the fourth consecutive month-to-month increase in home sales for the Illinois housing market and the third monthly increase in the statewide median home sale price, according to the Illinois Association of REALTORS® latest report. Total home sales (which include single-family and condominiums) were up 19.3 percent in May 2009 to 8,945 homes compared to 7,501 homes sold in April 2009. Compared to a year ago, home sales were down 21.0 percent from May 2008 sales of 11,326.

Washington, DC - June 4, 2009 - (RealEstateRama) — U.S. Representative Judy Biggert (R-IL-13th) joined U.S. Rep. Russ Carnahan (D-MO-3rd) in introducing a resolution recognizing the value of high-performance buildings. The measure, H.Res.492, “Supporting the goals and ideals of High-Performance Building Week,” was introduced late Tuesday. High-Performance Building Week will be June 15 through June 19, 2009.

Schaumburg, IL - June 3, 2009 - (RealEstateRama) — Congresswoman Melissa Bean met with local contractors, builders, green energy developers and environmental advocates at Roosevelt University to discuss the positive impact that energy incentives in the American Recovery and Reinvestment Act are having on the local economy, and to announce the re-introduction of her Green Initiative to provide further incentives.