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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

Superior Court of Pennsylvania Upholds Trial Court’s Grant of Summary Judgment

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 Announces Tax Credits for Renov ation and Reuse of Lancaster’s Historic...

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

Rep. Cartwright Announces $763,390 in HOME Grants to two Schuylkill County Communities

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 Fattah Announces $65 Million in New Markets Tax Credits to The Reinvestment Fund

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

Gaming Funds Provide Community and Economic Development Investments in Monroe County

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.

Commonwealth Financing Authority Announces New Alternative, Clean Energy Investments

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.

Mayor William Peduto Issues Executive Order On Complete Streets Policy for Pittsburgh Rights of...

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.

DCED Announces New Low-Interest Loans Approved by Pennsylvania Industrial Development Authority

Harrisburg, PA – April 1, 2015 – (RealEstateRama) — Department of Community and Economic Development Acting Secretary Dennis Davin today announced that new state investments approved...

DCED Announces the Commonwealth Financing Authority Will Reopen the Business in Our Sites Program

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.

New Markets Tax Credits: Unlocking Investment Potential

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

Treasurer McCord Proud to Accept National Award for Keystone HELP

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.

EPA Grant Will Help Northampton Redevelop More Properties

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.

New Jersey Man Sentenced to More Than 13 Years for Foreclosure Rescue Scam

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

New Investments Helping to Develop Communities in Erie County, Governor Rendell Says

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.

Berkshire Bank Receives Award for Community Investment Excellence

Wayne, PA - June 15, 2009 - (RealEstateRama) – Berkshire Bank was cited for exceptional service to the community today at a gathering of regional banking leaders.

Governor Rendell Says New Investments will Convert Brownfields in Southwest PA

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.

Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in...

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.

Brentwood Bank Earns Award for Community Investment Excellence

Coraopolis, PA - June 9, 2009 - (RealEstateRama) — Brentwood Bank was honored before its industry peers today for its exceptional record of community investment and service.

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PHA To Use On-line Housing Applications For First Time

Philadelphia, PA - March 2, 2010 - (RealEstateRama) -- The Philadelphia Housing Authority announced today it would begin accepting applications for the Housing Choice Voucher Program on-line, through its Web site, pha.phila.gov.

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Mayor William Peduto and PWSA Announce Safe Water Lead Filter Plan

Mayor William Peduto's administration and the Pittsburgh Water & Sewer Authority today announced its additional plans for distributing lead filters to interested City residents, through the Safe Water Program.