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In The News

NOVEMBER 17, 2010

Incentives Draw Companies into Home-Efficiency Renovations

The number of home renovations continues to lag with the economy. But in Knoxville, contractors say, a bevy of government projects aimed at low-income households plus growing mainstream market interest in energy conservation are helping them weather the storm.

SOURCE: Knoxville News Sentinel, 11/6/10

URL: http://www.knoxnews.com/news/2010/nov/06/incentives-draw-companies-home-efficiency-renovati/

NOVEMBER 17, 2010

2010 National Inclusionary Housing Conference

Over 200 housing practitioners and policymakers from across the country convened in Washington, DC, November 3-5 to share best practices, the latest research and new policy initiatives for building and sustaining inclusive communities.

SOURCE: National Housing Council, 11/5/10

URL: http://www.nhc.org/events/National-Inclusionary-Housing-Conference.html

NOVEMBER 17, 2010

Communities at Work Fund Announces $60 Million of Loans to Fuel Small Business Lending in Low-Income U.S. Communities

Communities at Work Fund announced it has approved financing for $60 million to help fuel small-business lending in low-wealth and low-income U.S. communities. The fund expects to disburse an additional $10 million by year end.

SOURCE: MarketWatch.com, 11/3/10

URL: http://www.marketwatch.com/story/communities-at-work-fundtm-announces-60-million-of-loans-to-fuel-small-business-lending-in-low-income-us-communities-2010-11-03

NOVEMBER 17, 2010

Southwest Housing Solutions Wins $2M Grant

A total of 137 single- and multifamily housing units will be built and rehabilitated in Southwest Detroit with a $2M community development grant awarded by the U.S. Treasury.  Southwest Solutions will leverage the $2M grant into $20M worth of total leveraged dollars for the Southwest community.

SOURCE: Model D (Detroit), 11/9/10

URL: http://www.modeldmedia.com/inthenews/southwest110910.aspx

NOVEMBER 17, 2010

Foreclosures: Why Is California’s Housing Market Recovering and Florida’s Still Struggling?

California’s housing market, though still weak, has begun recovering in the last year or so while Florida’s remains on the critical list. There are several reasons for the difference, but many experts say one key is the approach to foreclosure.

SOURCE: The Los Angeles Times, 11/5/10

URL: http://www.latimes.com/business/realestate/la-fi-foreclosure-states-20101105,0,4031207.story

NOVEMBER 10, 2010

The States Take on Foreclosures

The state attorneys general are starting serious investigations of the mortgage foreclosure “robo-signing” issue, which is likely to have more depth, and results, than the federal investigations.

SOURCE: New York Times, 10/29/10

URL: http://www.nytimes.com/2010/10/30/business/30nocera.html

NOVEMBER 10, 2010

Would You Recognize A Foreclosure Scam?

Article discusses loan modification scams that continue to abound and provides warning signs and places to turn to for help.

SOURCE: Houselogic, 11/1/10

URL: http://www.houselogic.com/news/articles/would-you-recognize-foreclosure-scam/

NOVEMBER 10, 2010

Cuyahoga County Land Bank Transforming Neighborhoods Hit by Foreclosure

Article describes the Cuyahoga County Land Bank and its unique funding structure which includes penalties and fees that are collected every year by the county for delinquent property tax bills as well as an extremely successful property reclamation program (the program acquires around 100 properties a month from banks, HUD, Fannie Mae and Freddie Mac).

SOURCE: WEWS – newsnet5.com, 10/28/10

URL: http://www.newsnet5.com/dpp/money/consumer/consumer_specialist/cuyahoga-county-land-bank-transforming-neighborhoods-hit-by-foreclosure

NOVEMBER 10, 2010

Community Invited to Listening Sessions for 24:1 Initiative

Beyond Housing is collaborating with the Normandy School District on the 24:1 Initiative, a comprehensive community development model that involves 24 communities with one vision: “Strong Communities, Engaged Families and Successful Children.”

SOURCE: St. Louis Globe-Democrat, 10/29/10

URL: http://www.globe-democrat.com/news/2010/oct/29/community-invited-listening-sessions-241-initiativ/

NOVEMBER 10, 2010

America Has 130.7 Million Housing Units; 18.8 Million Are Vacant

Article highlights US Census Data from the third quarter of 2010 survey of Residential Vacancies and Homeownership which includes information on total housing units, owner occupancy, vacancies and more.

SOURCE: Mortgage News Daily, 11/2/10

URL: http://www.mortgagenewsdaily.com/11022010_q3_homeownership_and_vacancy.asp

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