Michigan State Government and Public Real Estate News

LANSING, Mich. – July 28, 2014 – (RealEstateRama) — The Community Development Division (CDD) of the Michigan State Housing Development Authority (MSHDA) has announced six recipients will receive Neighborhood Stabilization Program 2 (NSP2) funding income. The $2.55 million awarded in the first funding round will help financeblight demolition and senior housing projects in Berrien, Calhoun, Genesee, Ingham and Kalamazoo counties. more »

LANSING, Mich. – July 18, 2014 – (RealEstateRama) — Gov. Rick Snyder today announced the appointments of James Hartman, of East Lansing, and Maureen Mausolf, of Bad Axe, to the Michigan Board of Real Estate Appraisers.

Housed within the Michigan Department of Licensing and Regulatory Affairs, the nine-member board licenses and regulates the service of more than 6,000 real estate appraisers. more »

Washington – July 18, 2014 – (RealEstateRama) — Today, U.S. Representative Candice Miller (MI-10), Vice Chair of the House Homeland Security Committee and Chairman of the Subcommittee on Border and Maritime Security, issued the following statement after cosponsoring the Our Communities, Our Choice Act, which would prevent the Department of Health and Human Services from housing illegal unaccompanied children in non-federal facilities without first consulting with state and local leaders: more »

WASHINGTON, D.C. – July 14, 2014 – (RealEstateRama) — Granger Construction Company, the Michigan Department of Licensing and Regulatory Affairs (LARA), the Michigan Occupational Safety and Health Administration (MIOSHA), the Greater Detroit Building Trades Council, and the Partnering Contractors signed a formal partnership today to protect workers during the renovation of the 1956 mechanical engineering laboratory – classroom building, located on U-M’s North Campus in Ann Arbor. The facility will receive approximately 141,000 square feet of major infrastructure, programmatic instructional and administrative space improvements. more »

Also signs medication price, local government bills

LANSING, Mich. – June 18, 2014 – (RealEstateRama) — Gov. Rick Snyder today signed bipartisan legislation lessening property tax obligations for owners of rental properties.

“This bill simplifies the tax code, lightens tax burdens for rental home owners and provides improved customer service to both owners and residents,” Snyder said. more »

WASHINGTON, D.C. – June 17, 2014 – (RealEstateRama) — A new law which becomes effective January 1, 2015, impacts real estate brokers and salespersons, and real estate education sponsors by removing continuing education preapproval and reporting requirements. Gov. Rick Snyder signed Senate Bill 641 into law on April 7, 2014, which became Public Act 106 of 2014. All continuing education courses must be preapproved through the end of 2014 and reported to the Department of Licensing and Regulatory Affairs (LARA) by the sponsor. more »

WASHINGTON, D.C. – May 28, 2014 – (RealEstateRama) — Whether building new or remodeling your existing home, make it highly energy efficient, sustainable and green, recommends the Bureau of Construction Codes in the Department of Licensing and Regulatory Affairs as it recognizes the fourth week of Building Safety Month. more »

LANSING, Mich. – May 26, 2014 – (RealEstateRama) — Gov. Snyder and Michigan State Housing Development Authority (MSHDA) Executive Director Scott Woosley today announced a new tool to stimulate the housing markets in eight Michigan cities.

Residents in the five Hardest Hit Fund-designated blight cities of Detroit, Flint, Grand Rapids, Pontiac and Saginaw, as well as Battle Creek, Benton Harbor and Jackson will be able to take advantage of a $30 million set-aside of funds to provide lower interest rates to potential first-time homebuyers. more »

LANSING, Mich. – May 23, 2014 – (RealEstateRama) — Gov. Snyder and Michigan State Housing Development Authority (MSHDA) Executive Director Scott Woosley today announced a new tool to stimulate the housing markets in eight Michigan cities. more »

WASHINGTON, D.C. – May 16, 2014 – (RealEstateRama) — The Michigan Occupational Safety and Health Administration (MIOSHA), in partnership with the Home Builders Association of Michigan (HBA of Michigan), is launching a “Residential Construction Initiative” to assist employers in protecting their workers from the most common hazards associated with residential construction. The year-long initiative will start today, May 15, 2014, and run through May 15, 2015. more »

In Letter to Federal Housing Director Mel Watt, Rep. Conyers Applauds Newly-Announced Neighborhood Stabilization Initiative, Proposes 6-Month Foreclosure Moratorium on Federally Guaranteed Mortgages

DETROIT – May 15, 2014 – (RealEstateRama) — Today, Congressman John Conyers, Jr. (D-Mich.) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt requesting immediate action to assist distressed homeowners in Detroit as the City works its way through Chapter 9 bankruptcy proceedings. Specifically, the letter calls for the FHFA – which regulates the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), Government Sponsored Enterprises (GSEs) which provide housing financing options to millions of Americans – to, “impose a 6-month moratorium on foreclosures of GSE-guaranteed mortgages for struggling borrowers who were current on their payments before the start of Chapter 9 proceedings in 2013.” In addition, Rep. Conyers called on the GSE’s to provide local borrowers with alternatives to foreclosures, such as efforts to make mortgages more affordable, to avert future evictions and foreclosures. A copy of the letter is attached and the full text can be found below: more »

WASHINGTON, D.C. – May 8, 2014 – (RealEstateRama) — Today, the House Committee on Financial Services unanimously passed H.R. 3211, The Mortgage Choice Act of 2013, introduced by Congressman Bill Huizenga (MI-02). H.R. 3211 is a bipartisan piece of legislation that would amend and clarify the qualified mortgage definition in the Dodd-Frank Act thereby improving access to credit and qualified mortgages for low and moderate income borrowers while protecting consumers from bad loans. Following passage, Congressman Huizenga released the following statement on The Mortgage Choice Act of 2013: more »

LANSING – April 17, 2014 – (RealEstateRama) — Attorney General Bill Schuette today announced that his Criminal Division has charged R.O. Savage Funeral Chapel, and its owner Richard Weishuhn, 68, of Standish with multiple felony embezzlement charges for allegedly embezzling money from his customers’ prepaid funerals. more »

WASHINGTON, D.C. – April 10, 2014 – (RealEstateRama) — U.S. Representative Candice Miller (MI-10) issued the following statement on the Michigan Strategic Fund’s $100,000 grant to Landmark Port Huron, LLC for the renovation of the Cavis building located at Huron and Michigan Avenues: more »

WASHINGTON, D.C. – April 4, 2014 – (RealEstateRama) — U.S. Senator Debbie Stabenow, a senior member of the Senate Finance Committee, today praised Committee passage of her Mortgage Forgiveness Tax Relief Act, bipartisan legislation that protects underwater homeowners from being hit with huge, unfair tax bills by the IRS. Her provision, included in legislation to extend expiring tax provisions (the EXPIRE Act), ensures that homeowners who owe more on their mortgages than their homes are now worth would not be hit with additional income tax if a portion of their mortgage is forgiven as part of an agreement with their lender. Without Sen. Stabenow’s legislation, homeowners – for the first time since housing crisis began – would be required to pay taxes on this phantom income when they refinance or sell their homes in what are commonly called short sales. more »

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