Michigan 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.

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.

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:

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.

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

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.

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

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

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),

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

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

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:

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

GRAND RAPIDS, - April 2, 2014 - (RealEstateRama) -- Lt. Gov. Brian Calley today signed the remaining eight bills of a bipartisan package of legislation that provides more stable local government revenue for essential services, including police and fire protection, as the obsolete, job-killing personal property tax is phased out

WASHINGTON, D.C. - April 2, 2014 - (RealEstateRama) -- The Michigan State Housing Development Authority (MSHDA) has announced an exciting new loan program for repeat homebuyers. MSHDA’s MI Next Home has been created to make down payment assistance available to repeat buyers. The program was designed specifically for those applicants who may not qualify for MSHDA’s existing MI First Home program due to their previous homeownership status