NOVEMBER 1, 2010

Local Organizations Receive $350,000 Grant from Doris Duke Charitable Foundation to Demonstrate Connection Between Energy Efficiency and Housing Affordability

The Doris Duke Charitable Foundation has provided a two-year grant to support permanent affordability by reducing energy costs through deep energy efficiency retrofits in single- and multifamily homes. Grant recipients are the Vermont Energy Investment Corporation, Vermont Housing and Conservation Board, and Champlain Housing Trust.

SOURCE: Press release from Vermont Energy Investment Corporation, Vermont Housing and Conservation Board, and Champlain Housing Trust, 10/25/10

URL: http://tinyurl.com/28c7rpk

NOVEMBER 1, 2010

Study: Shadow Inventory to Keep REO Supply Elevated for Several Years

The existing shadow inventory of REO properties — that is, properties poised for foreclosure — are expected to drive home prices down once they hit the market, which could happen soon.

SOURCE: DSNews, 10/22/10

URL: http://www.dsnews.com/articles/study-shadow-inventory-to-keep-reo-supply-elevated-for-several-years-2010-10-22

NOVEMBER 1, 2010

Groups Around Great Falls Take Part in Make a Difference Day

Neighborhood beautification projects in Great Falls, Montana, improve neighborhoods as well as property values — and provide an opportunity to build community.

SOURCE: KRTV.com, 10/23/10

URL: http://www.krtv.com/news/groups-around-great-falls-take-part-in-make-a-difference-day/

NOVEMBER 1, 2010

LISC, Community Groups Present Neighborhood Revitalization Plans to Houston Mayor

Neighborhood revitalization plans in Houston are set to follow LISC’s Great Opportunity Neighborhoods initiative (GO Neighborhoods), including planning to convene local stakeholders, develop quality of life goals, and implement these programs and high-impact projects.

SOURCE: Digital Journal, 10/14/10

URL: http://www.digitaljournal.com/pr/136479

OCTOBER 27, 2010

Reid Calls on Lenders to Halt Foreclosures in All 50 States

Senator Harry Reid has asked major lenders to follow Bank of America’s lead and stop foreclosure proceedings until paperwork problems are resolved.

SOURCE: The Washington Post

URL: http://voices.washingtonpost.com/political-economy/2010/10/bank_of_america_halting_all_fo.html

OCTOBER 27, 2010

First-Time Homebuyer Credits Help Some Realize Dream of Homeownership

Article reviews the successes and lasting effects related to the $8,000 first-time homebuyer tax credit, which ended in April.

SOURCE: The Saratogian

URL: http://saratogian.com/articles/2010/10/07/news/doc4cae3d962f1da506669890.txt

OCTOBER 27, 2010

HUD To Roll Out Emergency Loan Program for Unemployed by Year-End

In an effort to address unemployment and its effect on delinquent home loans, HUD is implementing the Emergency Homeowners Loan Program to help unemployed homeowners whose mortgages are past due.

SOURCE: DSNews, 10/8/10

URL: http://www.dsnews.com/articles/hud-to-roll-out-emergency-loan-program-for-unemployed-by-year-end-2010-10-08

OCTOBER 27, 2010