Yearly Archives: 2010

PEORIA, IL - June 21, 2010 - (RealEstateRama) -- Governor Pat Quinn today signed a bill into law that will create a pilot program to provide a state tax credit for the renovation of the historic Hotel Pere Marquette in downtown Peoria. The project is expected to generate 1,000 jobs and lead to economic benefits for central Illinois.

EUGENE, OR - June 18, 2010 - (RealEstateRama) -- Realtor Karen Schwieger has updated her professional website, thanks to IDX, Inc. and their IDX software. With the ability to draw raw listing data off of the Midwest Real Estate Data (MRED) listings, the IDX Broker software then displays these properties conveniently her website. Now, it is easier than ever before for home seekers in Chicago, Illinois to get matched with a property that suits them, with the technology utilized on the Crane Chicago website.

CHICAGO, IL - June 17, 2010 - (RealEstateRama) -- Demonstrating the State of Illinois’ commitment to sustainable homeownership, Governor Pat Quinn today proclaimed June to be Homeownership Month in Illinois.

CHICAGO, IL - June 14, 2010 - (RealEstateRama) -- Governor Pat Quinn opened the Rosa Parks Apartments, newly-built rental property that will provide affordable homes for 94 families. The multi-million dollar project was funded in part by $9.8 million from the federal American Recovery and Reinvestment Act (ARRA) and $2.2 million in state funds from the Illinois Housing Development Authority (IHDA) and the Illinois Department of Commerce and Economic Opportunity (DCEO)

Elgin, IL - June 8, 2010 - (RealEstateRama) -- For 17 years, the RE/MAX Northern Illinois real estate network has been a generous donor to the Children’s Miracle Network (CMN), supporting its mission of providing financial assistance to more than 170 children’s hospitals across the country. Now, CMN has honored two local RE/MAX executives for their role in fostering that relationship and achieving a remarkable record of fund-raising, even over the last several years when strong economic headwinds prevailed.

CHICAGO, IL - June 8, 2010 - (RealEstateRama) -- The Illinois Department of Insurance will provide free, one-on-one counseling services in Dwight and Streator to help individuals affected by the recent tornados with the insurance claims process. Department staff can assist with questions such as how to properly document storm damage, whether to make temporary repairs, what a consumer’s homeowner policy covers, and what to expect during the claims process.

CHICAGO, IL - June 7, 2010 - (RealEstateRama) -- Consumers prescribed home-based oxygen therapy are urged to exercise extreme caution especially when operating the equipment near possible ignition sources, such as stoves, ovens, smoking materials and candles, the Office of the Illinois State Fire Marshal (OSFM) warns.

CHICAGO, IL - May 31, 2010 - (RealEstateRama) - Governor Pat Quinn today signed two bills into law that support Illinois’ servicemembers. The new laws increase foreclosure protections for active-duty servicemembers and expand the War on Terrorism Compensation Act, allowing more servicemembers to receive a $100 service compensation

West Chicago, IL - May 24, 2010 - (RealEstateRama) -- City of West Chicago Building Official and Assistant Community Development Director John Fincham has been recently appointed by Governor Pat Quinn to the Elevator Safety Review Board as a public member representing municipalities between 25,000 and 50,000 residents.

CHICAGO, IL - May 24, 2010 - (RealEstateRama) -- Governor Pat Quinn today signed legislation that initiates a study of the energy performance of state-owned buildings. This process sets the stage for the state to adopt more comprehensive energy efficiency benchmarks for existing state buildings.

SPRINGFIELD, IL - May 24, 2010 - (RealEstateRama) -- The Illinois housing market saw positive indicators nearly across the board in April with upward momentum in home prices and sales jumping 34.4 percent on the heels of the homebuyer tax credit deadline. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in April 2010 were up 34.4 percent, totaling 10,323 homes sold compared to April 2009 sales of 7,683 homes. The median price in April 2010 was $157,450, up 5.0 percent from $150,000 in April 2009. The median is a typical market price where half the homes sold for more, half sold for less.

CHICAGO, IL - May 21, 2010 - (RealEstateRama) -- A new round of more than $1.4 million in federal grant money will enable thousands of homeowners across Illinois to receive free foreclosure counseling, the Illinois Housing Development Authority (IHDA) announced today.

WASHINGTON, D.C. - May 20, 2010 - (RealEstateRama) -- Assistant Senate Majority Leader Dick Durbin (D-IL) today met with the Secretary of the Department of Veterans Affairs (VA), General Eric Shinseki, to discuss how to meet the needs of the estimated 1,500 veterans that go homeless every night in Illinois. Secretary Shinseki is scheduled to testify tomorrow at a joint hearing of two Senate Appropriations Subcommittees on his plan to reduce the number of homeless veterans in the United States by half over the next two years and completely by 2014

SPRINGFIELD, IL - May 18, 2010 - (RealEstateRama) -- May 17, 2010. Governor Pat Quinn today announced the availability of $13.1 million in federal stimulus funds through the Energy Efficiency and Conservation Block Grant (EECBG) program to help local governments with populations under 35,000 implement energy efficiency and conservation efforts

Washington, D.C. - May 18, 2010 - (RealEstateRama) -- Today, Bill Askew, Senior Policy Advisor, for the Financial Services Roundtable testified before the House Financial Services Committee’s Subcommittee on Oversight and Investigations. The hearing was titled “Commercial Real Estate: A Chicago Perspective on Current Market Challenges and Possible Responses.”