Laws & Taxes

Laws & Taxes

Treasurer McCord Says Nearly $238 Million in Property Tax, Rent Rebates to be Issued...

Harrisburg - July 2, 2012 - (RealEstateRama) -- Older Pennsylvanians, widows and widowers, and people with disabilities who are expecting a state property tax or rent rebate should receive that payment next week, according to State Treasurer Rob McCord, who said the Treasury Department will issue more than half a million of those payments on July 2. The payments total nearly $238 million, he added.

PHFA announces $11.2 million in funding and approximately $30 million in tax credits for...

HARRISBURG, PA - July 15, 2011 - (RealEstateRama) -- The board of the Pennsylvania Housing Finance Agency yesterday conditionally approved $11.2 million in funding and approximately $30 million in tax credits for the construction of affordable multifamily housing developments located throughout Pennsylvania.

McCord Treasury Readying $240 Million in Property Tax, Rent Rebates for PA’s Citizens

HARRISBURG, PA - June 30, 2011 - (RealEstateRama) -- Wondering where your property tax or rent rebate payment is? State Treasurer Rob McCord provided an answer today when he said Treasury will issue approximately half a million payments totaling $240 million to Pennsylvanians on July 1.

Commonwealth Cornerstone Group receives $28 million of new markets tax credits

HARRISBURG, PA - March 15, 2011 - (RealEstateRama) -- Commonwealth Cornerstone Group, a nonprofit corporation created by the Pennsylvania Housing Finance Agency, has secured $28 million in new markets tax credit (NMTC) allocations from the U.S. Treasury Department's Community Development Financial Institutions Fund.

PA Treasurer McCord Announces Expansion of Money-Saving, Job-Creating Energy Efficiency Loan Program

HARRISBURG, PA - October 28, 2010 - (RealEstateRama) -- Pennsylvania homeowners considering geothermal heat pump systems can now take advantage of a new and innovative financing package through the Commonwealth’s energy efficiency loan program, the Keystone Home Energy Loan Program (HELP), which combines a low-interest HELP loan with a companion loan given in anticipation of federal tax credits available for the installation of these fuel-conserving systems.

Barrar Bill to Protect Seniors from Property Tax Hikes Moves Forward

Harrisburg, PA - September 30, 2010 - (RealEstateRama) -- The House Finance Committee approved legislation authored by Rep. Stephen E. Barrar (R-Chester/Delaware) that would freeze property taxes for senior citizens.

Mortgage Broker and Loan Officer Charged in Fraud Scheme

PHILADELPHIA, PA - September 28, 2010 - (RealEstateRama) -- An indictment was filed today against Bernadette Nicholas, Kevin D. McAllister, and Wayne Rosen for engaging in schemes to defraud Wilmington Trust Federal Savings Bank and Malvern Federal Savings Bank involving properties valued at more than $35.5 million,

Loan Officer Charged in Mortgage Fraud Scheme

Pittsburgh, PA - July 27, 2010 - (RealEstateRama) -- Acting United States Attorney Robert S. Cessar announced today, July 27, 2010, that Mark Hipsley of Pittsburgh, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh,

Financial Fraud Enforcement Task Force Announces Regional Results of “Operation Stolen Dreams” Targeting Mortgage...

PHILADELPHIA, PA - June 17, 2010 - (RealEstateRama) -- Following an announcement today by Attorney General Eric Holder in Washington, D.C., representatives of the Financial Fraud Enforcement Task Force in Philadelphia, including the U.S. Attorney’s Office, Housing and Urban Development,

Former Venango County Housing Authority Director arrested for diverting nearly $180,000 of government funds...

HARRISBURG, PA - April 15, 2010 - (RealEstateRama) -- The former director of the Venango County Housing Authority was arrested today by public corruption agents from the Attorney General's Office on charges that he illegally diverted nearly $180,000 of Housing and Urban Development (HUD) funds for his personal use.

RECORD 590,783 PENNSYLVANIANS RECEIVED PROPERTY TAX/RENT REBATES

2009 Rebate Applications Now Available. March 30, 2010 - (RealEstateRama) -- Last month, Governor Edward G. Rendell announced a record number of older adults and residents with disabilities received property tax/rent rebates last year and encouraged eligible people to apply for the 2009 rebate program.

Justice Department Resolves Discrimination Lawsuit with Scranton, Pennsylvania, Apartment Complex

WASHINGTON, DC - March 18, 2010 - (RealEstateRama) -- The United States has reached a settlement resolving a housing discrimination lawsuit in Pennsylvania concerning discrimination against families with children, the Justice Department announced.

Murt Legislation Would Provide Property Tax Relief for Disabled Veterans

Harrisburg, PA - March 2, 2010 - (RealEstateRama) -- In an effort to provide property tax relief to Pennsylvania’s disabled veterans, Rep. Thomas P. Murt (R-Montgomery/Philadelphia) is joining with Rep. Doug Reichley (R-Lehigh/Berks) to introduce a pair of bills designed to help disabled veterans.

Judge Sentences Pittsburgh Man to Five Years of Probation with Home Detention for Participating...

Pittsburgh, PA - February 16, 2010 - (RealEstateRama) -- Acting United States Attorney Robert S. Cessar announced today, February 16, 2010, that Jason Jester, a resident of Pittsburgh, Pennsylvania, has been sentenced in federal court in Pittsburgh to five years of probation, including four months of home detention, on his conviction of wire fraud conspiracy in connection with a mortgage fraud scheme.

Attorney General Corbett announces distribution of $2.7 million in foreclosure relief to PA residents...

HARRISBURG, PA - February 17, 2010 - (RealEstateRama) -- Foreclosure relief checks totaling more than $2.7 million have been mailed to several hundred Pennsylvania consumers as part of a multi-state settlement with Countrywide Financial Corporation.

Attorney General Corbett cautions consumers to be wary of online real estate or vehicle...

HARRISBURG, PA - February 8, 2010 - (RealEstateRama) -- Attorney General Tom Corbett today cautioned Pennsylvania consumers to be alert for possible scams linked to online ads for rental homes and apartments, along with Internet "for sale" ads and auctions for cars, motorcycles and other items.

Firm Names Partner For Real Estate Practice

Melville, NY - January 26, 2010 - (RealEstateRama) -- Susan D. Cunningham, CPA, has been named Partner in the Tax Advisory Services and Real Estate Services groups at Marcum LLP. She is responsible for providing a wide-scope of tax services including planning, consulting, structuring, research and compliance to large and small business owners.

Mortgage Attorney Pleads Guilty in Fraud Scheme After Four Days of Trial

Pittsburgh, PA - January 8, 2010 - (RealEstateRama) -- Acting United States Attorney Robert S. Cessar announced today, January 8, 2010, that Robert Danenberg, a resident of Pittsburgh, Pennsylvania, pleaded guilty in federal court to a charge of Wire Fraud Conspiracy in connection with a mortgage fraud scheme.

Thursday, 12/31, is Deadline to Apply for “2008 Tax Year” Property Tax & Rent...

Harrisburg, PA - December 29, 2009 - (RealEstateRama) -- Senator Michael A. O’Pake (D-Berks) today reminded eligible older adults and people with disabilities that they only have until Thursday, December 31, to apply for “2008 tax year” rebates under the state’s Property Tax and Rent Rebate (PTRR) Program.

Governor Rendell Reminds Residents of Property Tax/Rent Rebate Deadline

Harrisburg, PA - December 4, 2009 - (RealEstateRama) -- Governor Edward G. Rendell today reminded eligible older adults and people with disabilities that Dec. 31 is the deadline to apply for rebates up to $975 from Pennsylvania’s Property Tax/Rent Rebate program.

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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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Effective March 6th, Toomey’s Pittsburgh Office Moving to Grant Building

Effective March 6th, U.S. Senator Pat Toomey's (R-Pa.) Pittsburgh office will be located in the Grant Building, in downtown Pittsburgh. The new location is one mile from the current office, and is more accessible to the downtown area. Senator Casey's office is also located in the Grant Building