Press Releases
OFIR Applauds House for Passing Foreclosure Prevention Act
November 19, 2008 Posted by Michigan Real Estate
Legislation would help Michigan homeowners with subprime mortgages avoid foreclosure
LANSING, MI - November 19, 2008 - (RealEstateRama) — Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross today applauded the State House for passing the Michigan Home Foreclosure Prevention Act last night and strongly encouraged the State Senate to act immediately on the […]
Michigan Requires 10% Renewable Electricity by 2015
October 8, 2008 Posted by Michigan Real Estate
October 08, 2008 - (RealEstateRama) — Michigan Governor Jennifer Granholm approved an energy package on October 6 that includes a requirement for 10% of the state’s electricity to come from renewable energy sources by 2015.
Oakland and Macomb Communities Allocated Millions for Neighborhood Stabilization
October 6, 2008 Posted by Michigan Real Estate
Assistance Will Allow Communities to Acquire and Redevelop Foreclosed Properties
Washington D.C. - October 06, 2008 - (RealEstateRama) — The Department of Housing and Urban Development (HUD) announced that Michigan has been allocated a total of $263,563,263 under the Neighborhood Stabilization Program to purchase and redevelop foreclosed properties. With foreclosure rates across the state among the […]
Law grants millions to local colleges for projects
October 3, 2008 Posted by Michigan Real Estate
LANSING - October 03, 2008 - (RealEstateRama) — Legislation granting three local colleges and universities nearly $25 million for infrastructure projects has been signed into law by the governor, said Sen. Michelle McManus.
Sen. Pappageorge introduces resolution to help homeowners
October 3, 2008 Posted by Michigan Real Estate
LANSING - October 03, 2008 - (RealEstateRama) — A constitutional amendment to help homeowners facing property tax increases that are out of step with their home’s actual value has been introduced in the Michigan Senate by Sen. John Pappageorge, R-Troy.
DNR Director Authorizes Acquisition of Property Near Bay City State Recreation Area
August 18, 2008 Posted by Michigan Real Estate
August 18, 2008 - (RealEstateRama) — A 6.5 acre parcel of land on the Lake Huron shore adjacent to the south part of the Bay City State Recreation Area will allow the Department of Natural Resources to better manage public access to the recreation area and address an ongoing phragmites problem.
HUD ANNOUNCES DISASTER ASSISTANCE FOR MICHIGAN STORM VICTIMS
July 15, 2008 Posted by Michigan Real Estate
Foreclosure protection offered to displaced families in 11 countiesWASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced HUD will speed federal disaster assistance to 11 storm-ravaged counties in Michigan and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding.
Clarke Calls for Action on Foreclosure Moratorium to Stabilize Property Values, Local Revenue
June 6, 2008 Posted by Michigan Real Estate
Foreclosure crisis driving down property values, decimating local government budgets
LANSING-Today Senator Hansen Clarke (D-Detroit) made the following statement in response to a recent report in the Detroit News about how declining property values in Michigan are hurting local governments:
“It’s a simple fact-homes in foreclosure don’t generate any revenue through property taxes. Also, foreclosed homes lower […]
Environmental Assurance Program Verifies First Greenhouse: Kalamazoo County operation recognized by program
May 30, 2008 Posted by Michigan Real Estate
KALAMAZOO, Mich. - The Michigan Department of Agriculture (MDA) and Michigan State University (MSU) today applauded Elzinga & Hoeksema Greenhouses for taking the lead in environmental responsibility by becoming Michigan’s first greenhouse operation to become verified by the Michigan Agriculture Environmental Assurance Program (MAEAP).
Moratorium Now: Sen. Clarke Announces New Foreclosure Legislation
May 7, 2008 Posted by Michigan Real Estate
Two-year ‘foreclosure freeze’ will help struggling consumers get back on their feet, keep their homes
LANSING—Senator Hansen Clarke (D-Detroit) was joined today by Rep. Shanelle Jackson (D-Detroit) and homeowners Timothy Jackson, Ruthie Williams, Rev. Steve Bell and Raymond Hintz at a press conference in Detroit to announce new legislation that will establish a two-year freeze on […]