Archives

Washington, DC - May 13, 2010 - (RealEstateRama) -- Rep. Bill Foster (IL-14) introduced H.R. 5278, legislation to designate a Dixon post office as the Ronald W. Reagan Post Office

Housing leaders welcome feedback from lending community. CHICAGO, IL - April 30, 2010 - (RealEstateRama) -- A new statewide Lender Advisory Council will provide key feedback to Illinois’ affordable housing leaders as they work together to deliver homeownership opportunities for Illinois residents, Illinois Housing Development Authority (IHDA) Executive Director Gloria L. Materre said today.

CHICAGO, IL - April 26, 2010 - (RealEstateRama) -- Governor Pat Quinn today attended the third annual Illinois Warrior Summit resource fair and encouraged Illinois’ veterans to access available state and federal services. The event is a first-of-its-kind welcome home celebration for servicemembers returning from deployment and provides them with information about housing, healthcare, education, jobs and other benefits

WASHINGTON, D.C. - April 21, 2010 - (RealEstateRama) -- United States Senator Roland W. Burris today announced that $25 million in American Recovery and Reinvestment Act funds from the Department of Energy will be awarded to the Chicago Metropolitan Agency for Planning for energy efficiency building retrofits.

CHICAGO, IL - April 16, 2010 - (RealEstateRama) -- Governor Pat Quinn today launched the final phase of Illinois’ ENERGY STAR Appliance Rebate Program and encouraged residents to take advantage of a 15 percent rebate on energy efficient home appliances during Earth Week.

March 19, 2010 - (RealEstateRama) -- Working to bring affordable housing options and needed jobs to Kankakee, Rep. Debbie Halvorson (IL-11) joined State Senator Toi Hutchinson, State Representative Lisa Dugan, Mayor Samuel Payton, and other local officials and community members at the ground breaking of Sandstone Hills, a single-family rent-to-own community of 29 homes made possible by federal Recovery Act funding."A critical part of the American Dream is the opportunity to have a home our families can call their own," said Halvorson. "The funding provided by the Recovery Act I voted for will offer an opportunity for families to purchase homes they can afford, at a time when they need help the most."

WASHINGTON, D.C. - March 18, 2010 - (RealEstateRama) -- United States Senator Roland W. Burris today announced that American Recovery and Reinvestment Act funds from the Department of Agriculture are being allocated to Illinois rural communities for water system projects to enhance water quality and improve sanitation services. These projects will provide construction jobs and improve water systems infrastructure in rural areas

Washington, D.C. - March 16, 2010 - (RealEstateRama) -- On March 12, 2010 Congressman Danny K. Davis (D-IL), along with Representatives Peter Roskam (R-IL) and Patrick Tiberi (R-OH) introduced, H.R. 4839, a bill that will enhance economic development in underserved areas. The bill will modify Section 118(a) of the federal tax code to reflect the increased use of partnerships or Limited Liability Corporations (LLCs), an exemption already provided to corporations

Chicago, IL - March 15, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today introduced six ordinances supporting programs that ensure families have access to safe and secure housing and help growing businesses expand their operations. “Chicago’s strength relies on the health and stability of its neighborhoods,” Daley said. “These ordinances will help upgrade housing, enhance commercial growth and bring about positive change to the lives of local residents,

West Chicago, IL - March 15, 2010 - (RealEstateRama) -- The 2010 Census will document the changes in our nation since the last decennial census in 2000, and tell us how we've evolved as a country. Because census data affect how more than $400 billion per year in federal funding is distributed to tribal, state and local governments, the census also will frame the future of our country for the next 10 years. It is vital that everyone in the United States be counted in 2010.

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.

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