Yearly Archives: 2009

Washington D.C. - September 24, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced that all Recovery Act funding for Community Development Block Grants (CDBG) have been released and are now in the hands of the state and local communities. The Recovery Act included $1 billion for CDBG of which $2.9 million was allocated for Macomb and Oakland Counties and communities.“More CDBG funding, through the Recovery Act, comes at an important time for our communities who are grappling with difficult budgets and the ongoing economic downturn,” said Rep. Levin. “Communities can decide what programs best meet the needs of their communities and residents, and get the money out to stimulate the local economy.”

WASHINGTON, DC - September 24, 2009 - (RealEstateRama) -- U.S. Senators Debbie Stabenow (D-MI) and Carl Levin (D-MI) announced today that Michigan has been awarded $5,535,975 in American Recovery and Reinvestment Act (ARRA) funding through the Department of Housing and Urban Development (HUD). The funding is from the Public Housing Capital Funds and will be used to upgrade public housing by increasing energy efficiency and create jobs

Grants Will Help Revitalize Neighborhoods, Create Jobs and Combat Homelessness WASHINGTON, D.C. - September 23, 2009 - (RealEstateRama) -- Congressman Dale E. Kildee (D-MI) today announced that $1,690,524 in stimulus funding has been awarded to Saginaw through the American Recovery and Reinvestment Act (ARRA). This legislation passed the House of Representatives on February 13, 2009 with Congressman Kildee’s strong support and became law on February 17, 2009. Of this funding, $1,022,177 is being made available through the Homeless Prevention and Rapid Re-housing (HPRP) Program, and $668,347 of this funding is through the Community Development Block Grant (CDBG) Program.

WASHINGTON, DC - September 17, 2009 - (RealEstateRama) --U.S. Senators Debbie Stabenow (D-MI) and Carl Levin (D-MI) today announced the inclusion of $18,350,000 for 14 Michigan projects in the FY 2010 Appropriations bill for the Departments of Transportation, Housing and Urban Development, and related agencies. The funding was approved today by the full Senate

LANSING, MI - September 17, 2009 - (RealEstateRama) --Attorney General Mike Cox today announced that Michigan residents victimized by foreclosure fraud schemes can receive refunds as a result of charges filed against SaveMyHome USA, Payment Doctors and the Michigan Economic Reinstatement Program. The companies were held accountable after an undercover investigation by the Attorney General's office discovered that the companies' representatives made misleading statements and charged borrowers upfront fees in violation of the Michigan Credit Services Protection Act

LANSING, MI - September 17, 2009 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has revoked the mortgage license of Grand Blanc-based Freedom Financial Mortgage Lending, LLC for violating the state’s Mortgage Brokers, Lenders and Servicers Licensing Act. Freedom Financial failed to comply with OFIR’s license renewal process and failed to cooperate with the agency while OFIR staff attempted to conduct an examination.

September 16, 2009 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) issued an order approving $14 million in low-income energy efficiency grants to five organizations for the fiscal year beginning October 1

LANSING, MI - September 14, 2009 - (RealEstateRama) -- With property values across the state and country falling while taxes for some homeowners are increasing, Sen. Roger Kahn introduced four measures in the Michigan Senate to make the appeals process more fair and smooth for property owners

LANSING, MI - September 11, 2009 - (RealEstateRama) -- Governor Jennifer M. Granholm today hailed plans to transform the former Ford Wixom Assembly plant into a $725 million renewable energy park anchored by Xtreme Power and Clairvoyant Solar. The project, which still requires approval of federal and state incentives, will provide up to 4,000 jobs on site

September 9, 2009 - (RealEstateRama) -- James Wiese, 38, of Birmingham, Ilir Dokaj, 33, and Tom Gjokaj, 52, both of Sterling Heights, were indicted by a federal grand jury in Detroit for scheming to obtain $7,557,100 from federally insured banks through fraudulent mortgages on twelve Birmingham homes, United States Attorney Terrence Berg announced today. Berg was joined in the announcement by Andrew C. Arena, FBI Special Agent in Charge.

September 4, 2009 - (RealEstateRama) -- Myron L. Hooker, Jr., 43, of Detroit, Peter Garland, 40, formerly of Southfield, Nicole Jackson, 38, formerly of Detroit and Antwan Mcrea, 35 of Detroit, were sentenced yesterday for obtaining fraudulent mortgage loans on numerous properties and splitting illegal proceeds in varying proportions among themselves announced United States Attorney Terrence Berg

Gardenview Estates to bring 833 new housing opportunities, marks neighborhood transformation. DETROIT, MI - September 2, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Assistant Secretary Sandra Henriquez today joins Detroit Mayor David Bing at an 11 a.m. ceremony to welcome the first family into the new Gardenview Estates, an 833-unit mixed-income development that stands at the site of the former Herman Gardens public housing development

September 2, 2009 - (RealEstateRama) -- Michigan Public Service Commission (MPSC) Chairman Orjiakor Isiogu today noted that the September 30 deadline to apply for Michigan's Home Heating Credit in 2009 is quickly approaching. The credit assists low-income people with winter energy bills

Funds Made Available by the American Recovery and Reinvestment Act. WASHINGTON, DC - August 27, 2009 - (RealEstateRama) -- U.S. Sens. Debbie Stabenow and Carl Levin, both D-Mich., announced $500,000 in funding for distressed Michigan communities to address areas with large numbers of foreclosures. The funding is part of $5.5 million being provided by the U.S. Department of Housing and Urban Development through its Neighborhood Stabilization Program to help local communities purchase, rehabilitate and resell foreclosed properties in especially hard-hit neighborhoods

WASHINGTON, DC - August 26, 2009 - (RealEstateRama) -- U.S. Congressman Bart Stupak (D-Menominee) announced the city of East Jordan will receive $2,375,000 for two projects to make necessary investments in water and wastewater infrastructure. The loans are being distributed through the U.S. Department of Agriculture (USDA) Rural Development program.