Yearly Archives: 2009

Ohfa Awards Community Organizations Nearly $1 Million In Operating Grants

COLUMBUS, OH - August 19, 2009 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today awarded close to $1 million in funding to 20 Community Housing Development Organizations (CHDOs) through the Competitive Operating Grant Program.

Rep. Fudge Delivers State Of The District Address, Highlights Health Care, Recovery Act, Foreclosure...

Cleveland, OH - August 13, 2009 - (RealEstateRama) -- Over 450 Ohioans packed into Ford Auditorium, at Case Western Reserve University, to hear Representative Marcia L. Fudge (OH-11) deliver her Inaugural State of the Congressional District Address. Many more stood in the hallway, hoping to enter.

Communities Receive More Than $1.1 Million In Water And Sewer Funds

COLUMBUS, OH - August 13, 2009 - (RealEstateRama) -- Lisa Patt-McDaniel, interim director of the Ohio Department of Development, today announced that the Village of Carrollton, Fulton County, and Mahoning County will receive grants totaling more than $1.1 million from the federally funded Water and Sanitary Sewer Program, administered by the Department’s Community Development Division.

Sixth and Final Conspirator Enters Guilty Plea in Mortgage Fraud Scheme

CINCINNATI, OH - July 29, 2009 - (RealEstateRama) -- Jessica A. Zbacnik, 42, of Monroe, pleaded guilty in United States District Court here for her role in an extensive mortgage fraud scheme that affected 210 residential properties, including 205 in Montgomery County.

Housing And Community Development Excellence Awards Recognize Outstanding Projects, Partnerships

COLUMBUS, OH - July 29, 2009 - (RealEstateRama) -- Lisa Patt-McDaniel, Interim Director of the Ohio Department of Development, today announced that three Ohio communities, one company, and one nonprofit organization received the Director's Awards for Excellence in Housing and Community Development for effectively implementing programs that benefit Ohio’s low- and moderate-income citizens and fostering public/private partnerships.

Mike Turner: “Arizona Congressman Attempts to Block Funding for Wilmington’s Historic Murphy Theatre”

Washington, DC - July 22, 2009 - (RealEstateRama) -- Congressman Michael R. Turner today announced that Arizona Congressman Jeff Flake (R-06) has introduced an amendment to remove his $250,000 funding request for the Murphy Theatre restoration project from the Department of Transportation, Housing and Urban Development and Related Agencies Appropriations Act for Fiscal Year 2010.

Three Charged in Mortgage Fraud Scheme

DAYTON, OH - July 15, 2009 - (RealEstateRama) -- A federal grand jury here has indicted a Waynesville couple, Gregory S. Chew, 41, and Peggy Pierson, age 46, along with Richard Confer Jr., age 42, of West Carrollton, charging the trio for their roles in a mortgage fraud scheme involving multiple counts, including money laundering, structuring financial transactions, conspiracy to launder money, mail fraud, and wire fraud.

Vice President Biden Highlights Recovery Act Progress in Ohio

Cincinnati, OH - July 9, 2009 - (RealEstateRama) — In a visit to the American Can Building in the Northside neighborhood of Cincinnati, Vice President Biden this morning highlighted the many ways in which the American Recovery and Reinvestment Act (ARRA) is supporting Southwest Ohio.

Vice President Biden to Travel to Ohio to Highlight Progress of the Recovery Act

Washington, DC - July 7, 2009 - (RealEstateRama) – On Thursday, July 9, Vice President Biden will travel to Cincinnati, OH, where he will highlight the progress of the Recovery Act in Ohio at the American Can Building. The Vice President will discuss how the Recovery Act is building a 21st-century economy in Cincinnati and across the nation. The American Can Building is a formerly abandoned factory that is being converted to a multi-use economic development project.

Insurance Tips for Summer Rental Needs

COLUMBUS, OH - July 6, 2009 - (RealEstateRama) — If you’re planning a trip to a vacation home, a time share, a rental property, a home exchange or if you plan on renting your home this summer, you may have specific insurance needs.

Patt-McDaniel Announces $150,000 Grant To The Village Of Mechanicsburg For Building Improvements

COLUMBUS, OH - June 30, 2009 - (RealEstateRama) — Lisa Patt-McDaniel, Interim Director of the Ohio Department of Development, today announced that the Village of Mechanicsburg has been awarded a $150,000 grant to assist with the renovation and redevelopment of the Mechanicsburg Hardware Store, a historic downtown building located at 29 South Main Street.

OHFA awards over $26 million in tax credits for affordable housing in Ohio

COLUMBUS, OH - July 2, 2009 - (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) today announced the 2009 Housing Tax Credit Program recipients who will each receive a portion of more han $26 million in housing tax credits for the acquisition, development and rehabilitation of affordable housing units in Ohio.

Federal Grant Will Facilitate Homeless Veterans’ Transition into the Workforce

WASHINGTON, D.C. - July 2, 2009 - (RealEstateRama) – U.S. Sen. Sherrod Brown (D-OH), announced $300,000 awarded to the Volunteers of America of Greater Ohio for its efforts to support homeless veterans in Montgomery County. The competitive grant will be distributed through The Homeless Veterans’ Reintegration Program (HVRP), authorized by the U.S. Department of Labor (DOL).

Excellence in sustainable homeownership honored by OHFA: additional authority approved for MCC program

COLUMBUS, OH - June 24, 2009 - (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) is celebrating National Homeownership Month by honoring quality programs and initiatives across the affordable housing industry that demonstrated excellence and innovation.

Ohio Man Charged in Mortgage Fraud Scheme

Cleveland, OH - June 23, 2009 - (RealEstateRama) - William J. Edwards, United States Attorney for the Northern District of Ohio, announced today that an information has been filed against Paul R. Tomko charging him with one count of mail fraud in connection with mortgage loans that were obtained fraudulently. According to court records, Tomko, age 36, resides in Middleburg Heights, Ohio.

Patt-McDaniel Announces American Recovery And Reinvestment Act Community Development Block Grant Program Application Period

COLUMBUS, OH - June 15, 2009 - (RealEstateRama) – Lisa Patt-McDaniel, Interim Director of the Ohio Department of Development, today announced that the Department will distribute approximately $11.6 million of American Recovery and Reinvestment Act Community Development Block Grant Program funds through the Water and Sanitary Sewer Program.

HUD awards $500,000 to two Ohio communities to produce ‘greener’ affordable housing

WASHINGTON, DC - June 12, 2009 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today awarded two $250,000 grants to Canton, Ohio and Franklin County, Ohio to produce environmentally friendly, energy efficient housing.

Center for Responsible Lending Introduces New Loan Subsidiary

Rumpelstiltskin Lending, LLC to Offer Short-Term Credit Product. Washington D.C.-Columbus, OH - June 10, 2009 - (RealEstateRama) — The Center for Responsible Lending (CRL) today proudly introduced a direct competitor to payday loans -- the short-term, small denomination loans Americans have been successfully using for nearly twenty years. The product, to be called "The Rumpelstiltskin Loan" allows consumers to borrow up to $1,000 for a period of two weeks, with interest rates at a fixed 36% APR. The product's pilot program will roll out in Ohio this month.

Ohio EPA Approves Urban Setting Designation for Coshocton Redevelopment Project

Columbus, OH - June 5, 2009 - (RealEstateRama) — Ohio EPA has approved an Urban Setting Designation for a piece of property in the city of Coshocton. The Urban Setting Designation (USD) covers approximately 21 acres known as the Downtowner Plaza on South Second Street. The property is a multi-tenant retail shopping plaza.

Lundy Bill To Kill Ohioan’s Credit Options

Columbus, OH – June 3, 2009 – (RealEstateRama) - Flanked by those who would limit consumer credit choice, Rep. Matt Lundy (D-Elyria) today unveiled...

Recent

Central Ohio Housing Report – December 2018

While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 maintained the competitive housing market amid less than stellar stock market performance and rising interest rates while housing affordability dipped to a ten-year low.