Yearly Archives: 2011

WASHINGTON, D.C. - December 19, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that Ohio is set to receive more than $165 million in home heating assistance funds during Fiscal Year 2012—more than $8 million more than it would have received under a House plan that made allocation changes that would have resulted in Ohio and other colder-weather states, like Michigan and Wisconsin, receiving a smaller fraction of the funds than they typically receive.

COLUMBUS, OH - December 12, 2011 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today announced an agreement with American Home Mortgage Servicing Inc. (AHMSI) to settle a 2009 lawsuit filed in Franklin County Common Pleas Court that alleged AHMSI violated Ohio consumer law by providing inadequate services to consumers seeking loan modifications.

WASHINGTON, DC - December 6, 2011 - (RealEstateRama) -- Congressman Mike Turner (OH-3) has introduced the Senior Veterans Housing Assistance Act of 2011 (H.R. 3546). The bill would make sure that government regulations do not pose an impediment to providing access to affordable housing for seniors who have served our nation. This issue came to light because of conflicting rules and regulations between the Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs (VA) during the planned construction of housing at the Dayton VA Medical Center (VAMC).

WASHINGTON, DC - November 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan for Knox Community Hospital in Mount Vernon, Ohio. The $37.1 million loan is made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program.

COLUMBUS, OH - November 28, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) and Ohio Capital Corporation for Housing (OCCH) will host more than 1,400 affordable housing professionals at the 13th annual Ohio Housing Conference November 29 – December 1. The conference theme, "Strength in Numbers – More Jobs, More Growth, More Community Impact," will focus on the collaborative efforts of professionals in the affordable housing industry who make a positive impact on Ohio's residents, communities and economy.

Washington, D.C. - November 24, 2011 - (RealEstateRama) -- I set down a plate packed with turkey and all the trimmings before a homeless man, one of about 350 people fed Wednesday afternoon by Greater Cincinnati Behavioral Health Services. He smiled and said thank you.

WASHINGTON, D.C. - November 22, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown today announced that veterans in the Dayton and Chillicothe regions will have access to more than 600 new housing units. The units will be built on U.S. Department of Veterans Affairs (VA) land and provide housing for homeless Veterans, senior Veterans, disabled Veterans, and their families.

COLUMBUS, OH - November 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved more than $3 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments serving residents with low- to moderate-incomes throughout Ohio. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Following a report in the Toledo Blade showing that the City of Toledo is on track to raze a record number of abandoned houses this year, U.S. Sen. Sherrod Brown (D-OH) renewed his call for Congress to pass Project Rebuild, a key component of the American Jobs Act that is aimed at revitalizing neighborhoods hit hard by the foreclosure crisis. Brown also raised the abandoned home crisis in a meeting today with Federal Housing Administration (FHA) commissioner nominee Carol Galante. Galante was nominated by President Obama to serve as FHA commissioner in October.

COLUMBUS, OH - November 14, 2011 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Midwest Regional Administrator Antonio R. Riley, United States Department of Rural Development State Director J. Anthony Logan, and Ohio Housing Finance Agency Executive Director Doug Garver announced an interagency agreement to reduce duplicate physical inspections of local subsidized affordable housing – allowing developers and owners to focus on delivering more housing and resources to those in need.

Newport Beach, CA - November 4, 2011 - (RealEstateRama) -- Freedom Realty Exchange, a leading online real estate auction platform, features a professional office building in a highly desirable location at an unbelievably low starting bid A J.P. Morgan Chase office building, centrally located to downtown Lake County government offices, has just been launched on the Freedom Realty Exchange (FRE.com) with a minimum bid of just $199,000.

COLUMBUS, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC provided permanent financing for three assisted living senior communities in north-central Ohio utilizing FHA Section 232/223(f) mortgage insurance and Ginnie Mae Mortgage Backed Securities (“GNMA MBS”). The FHA insured loans paid off interim financing that related entity Red Capital Partners, LLC had provided to facilitate acquisition of the properties by New York City-based Premier Senior Living, LLC (“Premier”), a privately-owned owner/operator of seniors housing.

COLUMBUS, OH - November 3, 2011 - (RealEstateRama) -- More than 1,400 affordable housing professionals across Ohio and the nation are expected to gather at the Greater Columbus Convention Center November 29-December 1 for the 2011 Ohio Housing Conference, one of the largest statewide housing conferences in the country. The 13th annual conference will once again be hosted by the Ohio Housing Finance Agency (OHFA) and the Ohio Capital Corporation for Housing (OCCH).

Washington, DC - November 2, 2011 - (RealEstateRama) -- Congressman Dennis Kucinich (D-OH), a longtime advocate for homeowners in Ohio, today released the following statement upon the news that the Office of the Comptroller of the Currency will move forward with a plan to review up to 4 million potentially improper home foreclosures.

WASHINGTON, DC - November 2, 2011 - (RealEstateRama) -- The Justice Department has filed a lawsuit against the owners of Yorkshire Apartments, Thackeray Ledges and Wales Ridge Apartments in Massillon, Ohio, for discriminating on the basis of race and familial status when renting their apartments in violation of the Fair Housing Act.

WASHINGTON, D.C. - October 31, 2011 - (RealEstateRama) -- Ohio public agencies and non-profit organizations in Meigs, Portage, Pickaway, and Pike counties will receive federal resources to improve rural housing in Ohio. U.S. Sen. Sherrod Brown (D-OH), Chair of the Subcommittee on Jobs, Rural Economic Growth, and Energy Innovation, announced new grants through the U.S. Department of Agriculture’s Housing Preservation Grant Program to make critical repairs and improve housing conditions in rural areas.

COLUMBUS, OH - August 31, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today authorized the issuance of up to $15.5 million in Multifamily Bonds. Multifamily Housing Bonds are tax-exempt revenue bonds designed to lower the costs of borrowing for housing developers. The program provides financial assistance for the development and rehabilitation of affordable housin

CINCINNATI, OH - August 31, 2011 - (RealEstateRama) -- American Equity Group A federal grand jury has indicted four people who ran a Cincinnati real estate business known as American Equity Group (AEG) with fraudulently obtaining more than $13 million in loans through a loan fraud scheme that targeted homeowners or builders in or near foreclosure.

COLUMBUS, OH - August 12, 2011 - (RealEstateRama) -- Lieutenant Governor and Department of Insurance Director Mary Taylor announced Ohio’s 2010 average auto and homeowners insurance rates were among the most competitive in the United States. The Department annually compiles the state’s average auto and homeowners insurance rates.“Ohioans can count on the state’s dynamic insurance marketplace producing some of the lowest auto and homeowners rates in the country,” Taylor said. “We will continue to focus on attracting insurance companies to our great state to the benefit of the state’s consumers.”

DAYTON, OH - August 12, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued forging signatures and submitting false affidavits, U.S. Sen. Sherrod Brown (D-OH) called for renewed federal efforts to crackdown on this risky, illegal practice that undermines Ohio’s housing market during a news conference today.