Yearly Archives: 2010

CLEVELAND, OH - May 21, 2010 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General Richard Cordray and Ohio’s Organized Crime Investigations Commission announced that Mark Kellogg was sentenced to 14 years on May 19, 2010 for operating a large mortgage fraud scheme in Slavic Village. Kellogg was ordered to pay restitution of $5,831,500 to lenders and $186,715 to 109 neighbors who sold properties located on the same city block as the foreclosures resulting from mortgage fraud

COLUMBUS, OH - May 19, 2010 - (RealEstateRama) -- In a case symbolic of the nation’s foreclosure crisis, a mortgage broker was sentenced today in Cuyahoga County for orchestrating a mortgage fraud scheme that involved $5.8 million in bogus loans and 78 homes in Cleveland’s Slavic Village.

COLUMBUS, OH - April 28, 2010 - (RealEstateRama) -- April is annually recognized nationally as Fair Housing Month and here in Ohio as declared by Governor Ted Strickland.

Washington, DC - April 22, 2010 - (RealEstateRama) -- U.S. Representative Mary Jo Kilroy’s (OH-15) bill HR 4099, the Energy Efficiency Modernization Act passed the House Financial Services Committee as part of HR 2336, the GREEN Act (Green Resources for Energy Efficient Neighborhoods) by a voice vote.

COLUMBUS, OH - April 21, 2010 - (RealEstateRama) -- Today the Ohio Housing Finance Agency (OHFA) Board approved over $9.3 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA), together with more than $4.1 million from OHFA’s Housing Development Assistance Program (HDAP) and $9.1 million from the Neighborhood Stabilization Program (NSP).

Washington, DC - April 21, 2010 - (RealEstateRama) -- According to a national report released today that provides data on the cost of rental housing for every county, metropolitan area and state in the nation, the Housing Wage for Ohio is $13.39.

COLUMBUS, OH - April 19, 2010 - (RealEstateRama) -- Today the Ohio Housing Finance Agency (OHFA) announced that it will receive $1,318,451 to support foreclosure prevention counseling efforts across the state.

WASHINGTON, DC - April 13, 2010 - (RealEstateRama) -- U.S. Congressman John Boccieri (D-Alliance) today announced the Department of Transportation's Federal Transit Authority awarded nearly $2.5 million in Recovery funding to Medina County for the design, construction and renovation of local transit facilities, providing needed bus storage and shop space so as to service vehicles in addition to improved office areas.

COLUMBUS, OH - April 14, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) is the leader in developing effective programs that strengthen Ohio communities and address affordable housing needs throughout the state. OHFA is recognizing the best in innovative and quality initiatives across the affordable housing industry with the Spirit of Homeowner Excellence Awards (SHEAs).

WASHINGTON, D.C. - April 1, 2010 - (RealEstateRama) -- U.S. Sen. Sherrod Brown visited the Chillicothe VA Medical Center in an effort to bolster support new and ongoing programs at the facility. Sen. Brown met with VA leadership, union representatives, and veterans to examine veterans' issues, including veteran homelessness, the need for benefit reforms, and increased investments at the Chillicothe VA medical center.

WASHINGTON, D.C. - March 29, 2010 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that Ohio will receive $172 million to help communities address the foreclosure crisis. The funds will come from the Help for the Hardest-Hit Housing Markets (4HM) program.

Washington, D.C. - March 29, 2010 - (RealEstateRama) -- Today, Rep. Betty Sutton (D-OH) announced that Ohio will receive $172 million for housing assistance through the second round of federal Housing Finance Agency Hardest Hit Funds from the U.S. Treasury.

COLUMBUS, OH - March 26, 2010 - (RealEstateRama) -- In response to the Obama administration’s announcement to provide additional aid to homeowners facing foreclosure through government-backed refinancing and temporary payment reductions for eligible borrowers, Ohio Attorney General Richard Cordray issues the following statement:“

Cleveland, OH - March 25, 2010 - (RealEstateRama) -- With 3,800 members strong, the Cleveland Area Board of REALTORSR (CABOR) is poised and ready to help homebuyers take advantage of federal tax credits worth up to $8,000 for first-time buyers and $6,500 for repeat buyers. CABOR members are making sure house hunters have what they need to close a deal

COLUMBUS, OH - March 17, 2010 - (RealEstateRama) -- Today, the Ohio Housing Finance Agency (OHFA) Board approved over $19.3 million in funding for seven affordable housing developments. Approximately $11.5 million of funds approved were provided through the American Recovery and Reinvestment Act (ARRA).

WASHINGTON D.C. - March 17, 2010 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced eight new neighborhood development grants totaling $2,584,

Cleveland, OH - March 11, 2010 - (RealEstateRama) -- CABOR will join REALTORR organizations across the country to celebrate the first-ever REALTORR Nationwide Open House weekend on April 10 and 11, 2010. According to Chairman of the Board of Directors for CABOR, George J. Pofok, CCIM, SIOR, the purpose of the countrywide campaign is to increase awareness of the benefits of buying a home, give sellers an opportunity to increase exposure of their home for sale and spread the word about the expanded first-time homebuyer tax credit, which ends April 30, 201

COLUMBUS, OH - March 5, 2010 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) visited Columbus Housing Partnership's housing advisory center today to outline the need for additional federal foreclosure funds for Ohio.

Washington, D.C. - March 3, 2010 - (RealEstateRama) -- Rep. Betty Sutton (D-OH13) joined Ohio Reps. Marcia L. Fudge (D-OH11) and Mary Jo Kilroy (D-OH15), as well as Reps. Maxine Waters (D-CA) and Kendrick Meek (D-FL) to introduce H.R. 4635--a measure to combat foreclosures.

WASHINGTON, D.C. - March 3, 2010 - (RealEstateRama) -- Representative Marcia L. Fudge (D-OH11) collaborated with fellow Ohioans, Representatives Betty Sutton (D-OH13) and Mary Jo Kilroy (D-OH15), and Representatives Maxine Waters (D-CA35) and Kendrick Meek (D-FL17) to introduce H.R. 4635--a measure to combat foreclosures.