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LANSING, MI - April 26, 2011 - (RealEstateRama) -- Michigan Attorney General Bill Schuette announced today that he is working with Oakland County Register of Deeds Bill Bullard, and other local and federal authorities, to look into questionable mortgage documentation filed with Michigan's Register of Deeds offices during the current foreclosure crisis.
Housing Resource, Inc. of Kalamazoo Executive Director Ellen Kisinger-Rothi Receives Top MSHDA Honor for...
Lansing, MI - October 19, 2010 - (RealEstateRama) -- The Michigan State Housing Development Authority (MSHDA) announced today Ellen Kisinger-Rothi, Executive Director of Housing Resource, Inc. in Kalamazoo, is the recipient of the 2010 Carla Javits Award for her dedicated service and forward thinking in the Campaign to End Homelessness in Michigan
WASHINGTON, DC - October 5, 2010 - (RealEstateRama) -- U.S. Sens. Debbie Stabenow and Carl Levin, both D-Mich., announced a $589,273 grant for homeless veterans in Northern Michigan today. The U.S. Department of Veterans Affairs made the grant to Goodwill Industries of Northern Michigan in Gaylord to provide 24 beds in transitional housing to homeless veterans
Washington, DC - June 11, 2010 - (RealEstateRama) -- Congressman Mark Schauer (D-MI) announced his support of the Home Office Deduction Simplification Act, a bill to streamline taxes for small business owners who utilize a home office. This legislation would help Michigan’s 648,426 self-employed business owners save an additional $1,500 on their taxes next year and significantly minimize the paperwork and time spent on tax preparation. It would also require that the amount of the standard deduction be indexed for inflation.
Washington, D.C. - April 20, 2010 - (RealEstateRama) -- News reports on SEC investigations today illustrate what the Wall Street Journal calls “an open secret on Wall Street”: investment banks created products it knew would fail just to give hedge funds an opportunity to bet against them. The fact that these products were being created solely as a way for hedge funds to bet against the housing market was never disclosed to those who invested in them. Banks profited by taking fees for moving these investments, and then got bailed out by taxpayers when the investments went bad. Pension funds, mutual funds, local governments and other investors on Main Street lost heavily
Opening Statement of Senator Carl Levin, U.S. Senate Permanent Subcommittee on Investigations Hearing on...
April 12, 2010 - (RealEstateRama) -- In the fall of 2008, America suffered a devastating economic assault. It left deep wounds: millions lost their jobs; millions lost their homes. Good businesses shut down. Financial markets froze, the stock market plummeted, and once valuable securities turned worthless. Storied financial firms teetered on the edge or went under. The contagion spread worldwide. And in October 2008, American taxpayers were hit with a $700 billion bailout of Wall Street.
Lansing, MI - November 18, 2009 - (RealEstateRama) -- Homelessness ends with a place to live. That is the message the Michigan Coalition Against Homelessness (MCAH) in partnership with the Michigan State Housing Development Authority (MSHDA) wants to drive home this week during Homeless Awareness Week in Michigan. Governor Jennifer M. Granholm has issued a proclamation designating November 15-21 as the official week for this year's homeless awareness activities.
WASHINGTON, DC - October 9, 2009 - (RealEstateRama) -- Congressman Mark Schauer voted to pass two key measures for our American veterans. The Service Members Home Ownership Tax Act (H.R. 3590), which passed with bipartisan support today, will extend the deadline for taking advantage of the first-time homebuyer tax credit under the American Recovery and Reinvestment Act for qualified service members by one year.
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.
Granholm Hails Plans to Transform Former Wixom Assembly Plant into Renewale Energy Park, Creating...
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
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.
Recovery Act Funding will improve water quality in Clinton River Washington D.C. - August 21, 2009 - (RealEstateRama) -- The US Army Corps of Engineers has updated its list of projects funded under the American Recovery and Reinvestment Act, including several previously unfunded projects. Included in the new projects is a total of $3.75 million to reduce sedimentation and improve water quality in the Red Run Drain. The Red Run Drain is a tributary of the Clinton River.The Corps funding, provided under the Oakland County, Michigan, Environmental Infrastructure Program, will include $210,000 for design work related to shoal removal and stream bank stabilization, with an additional $3.54 for construction. There is a 25 percent, $1.25 million local match requirement for the project to move forward. The Corps funding will be used for Infrastructure assistance to the George W. Kuhn Drain project, located in the SE corner of Oakland County. The George W. Kuhn Drain system includes the Red Run Drain, the majority of which is actually located in Macomb County, so the restoration work will largely benefit areas downstream in Macomb County.
WASHINGTON D.C. - June 12, 2009 - (RealEstateRama) — Vice President Biden concluded a two-day, three-state "Road to Recovery" tour with Transportation Secretary Ray LaHood today in Kalamazoo, Michigan, where they attended the groundbreaking ceremony for the I-94 widening and Westnedge Avenue interchange reconstruction project. The Vice President and Secretary LaHood were joined by Governor Jennifer Granholm and United States Senators Carl Levin and Debbie Stabenow.
WASHINGTON, DC - May 29, 2009 - (RealEstateRama) — Foreclosures continue to drag down our economy, and Michigan has one of the worst foreclosure situations in the nation. To address this issue, Congress passed and President Obama recently signed into law the Helping Families Save Their Homes Act of 2009.
May 20, 2009 - (RealEstateRama) — Long before the current national recession took hold, Michigan was dealing with a severe economic downturn. Still facing job losses and mounting debt in 2009, many state residents have been unable to continue making payments on their homes. As a result, Michigan has consistently had one of the highest foreclosure rates in the nation