The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Arby’s Restaurant located at 3710 Easton Nazareth Highway in Easton, Pennsylvania for $1,700,000. More...
Governor Wolf Announces $3 Million in State Funding for Continued Development of Schuylkill River...
Governor Tom Wolf today joined Senator Anthony Williams, Representative Jordan Harris, Department of Conservation and Natural Resources (DCNR) Secretary Cindy Dunn, and others to announce a $3 million state grant to aid in the development of a 2.25 mile section of the Schuylkill River Trail in Philadelphia
MERSCORP Holdings, Inc. today announced that the Superior Court of Pennsylvania affirmed the trial court’s order granting summary judgment in MERS’ favor
Governor Tom Wolf today announced that Commonwealth Cornerstone Group (CCG) has completed a $7 million new markets tax credit (NMTC) financing transaction that will help fund the adaptive re-use of the historic Keppel Building in downtown Lancaster
U.S. Representative Matt Cartwright announced today that the PA Department of Community and Economic Development (DCED) has awarded two Schuylkill County communities $763,390 in HOME Investment Partnerships Program (HOME) grant funding. HOME funds are awarded as formula grants to states and municipalities by the U.S. Department of Housing and Urban Development; the program’s flexibility allows communities and nonprofit organizations to execute a wide range of activities, such as building, buying and refurbishing low-income housing. It is the largest Federal block grant to state and local governments designated exclusively to creating affordable housing for low-income households
Congressman Chaka Fattah (PA-02) announced that The Reinvestment Fund (TRF) in Philadelphia will receive $65,000,000 in New Markets Tax Credit (NMTC) awards to encourage investment in low-income neighborhoods throughout the community. The Reinvestment Fund was one of 76 organizations across the country selected to receive the tax credit allocation authority from the Department of the Treasury
Governor Wolf announced today that the Commonwealth Financing Authority approved the allocation of more than $10.76 million in gaming funds to support community improvement, economic development and public interest projects in Monroe, Carbon, Lackawanna, Northampton, Pike and Wayne Counties.
Governor Wolf announced today that the Commonwealth Financing Authority approved funding to support seven new Alternative and Clean Energy (ACE) projects with the investment of more than $8.12 million in grants and $1.74 million in loans.
The Mayor issued an Executive Order calling on the City Planning Director to work with all city departments, authorities and agencies to develop a complete streets policy and framework to guide the design, construction, maintenance, and use of the city’s public rights of way.
Harrisburg, PA – April 1, 2015 – (RealEstateRama) — Department of Community and Economic Development Acting Secretary Dennis Davin today announced that new state investments approved...
Department of Community and Economic Development Acting Secretary Dennis Davin today announced that the Commonwealth Financing Authority (CFA) will open the Business in Our Sites (BOS) program for applications beginning April 1.
Attorney General Kane announces $2 billion foreclosure settlement; calls on Congress to help homeowners
HARRISBURG - December 20, 2013 - (RealEstateRama) -- Attorney General Kathleen G. Kane today announced her involvement in a federal and multistate investigation and $2 billion national settlement with Ocwen Financial Corporation and Ocwen Loan Servicing. The settlement is the result of a mortgage foreclosure practices investigation of the firms and two companies that they acquired. Pennsylvania consumers may receive over $52 million in relief through principal reductions as a result of the settlement.
WASHINGTON, D.C. - September 4, 2013 - (RealEstateRama) -- This Insights report describes the New Markets Tax Credit (NMTC) Program and the major considerations banks may need to address when using the tax credits to support community and economic development activities. The report examines the primary opportunities and risks associated with the use of NMTCs and discusses the methods used by national banks and federal savings associations (collectively, banks) to structure transactions and use the credits effectively. The report addresses banks’ participation in the NMTC Program as investors, as recipients of the tax credits (allocatees), and as leverage lenders
Harrisburg - May 15, 2013 - (RealEstateRama) -- State Treasurer Rob McCord expressed appreciation to State and Local Energy Report for recognizing the achievements of Pennsylvania’s Keystone Home Energy Loan Program (Keystone HELP) as the magazine announced the winners of its fifth annual Residential Energy Efficiency Awards today.
PHILADELPHIA, PA - September 14, 2012 - (RealEstateRama) -- The U.S. Environmental Protection Agency today announced $650,000 in funding to Northampton County, Pa. This is the fourth EPA brownfields grant awarded to the County to clean up contaminated properties for potential redevelopment.
PHILADELPHIA, PA - June 21, 2011 - (RealEstateRama) -- Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management company—D&B Property Investors—that purported to help financially distressed homeowners with their foreclosure problems
HARRISBURG, PA - July 16, 2009 - (RealEstateRama) -- Several real estate projects in Erie County will receive new state investments to support job-creating economic development projects, Governor Edward G. Rendell said today.
Wayne, PA - June 15, 2009 - (RealEstateRama) – Berkshire Bank was cited for exceptional service to the community today at a gathering of regional banking leaders.
HARRISBURG, PA - June 11, 2009 - (RealEstateRama) – Several brownfield sites in southwestern Pennsylvania will enjoy a rebirth with a $6 million state investment, Governor Edward G. Rendell said.
STEELTON, PA - June 10, 2009 - (RealEstateRama) – Governor Edward G. Rendell today said 1,000 families will receive thousands of dollars to help make down payments on new homes, more than 5,000 families in dozens of communities across Pennsylvania will find affordable housing, and some 3,000 workers will have jobs with the award today of more than $380 million in federal economic recovery funds.
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