Archives

WASHINGTON, D.C. - September 19, 2013 - (RealEstateRama) -- There were nearly 6.7 million more poor people in 2012 than in 2008, a year deep in the Great Recession. Three years into the Great Unshared Recovery, poverty is worse than in 2008, median income is down, and people are slipping out of the middle class. More than one-third of our nation is near poor—106 million people live below twice the poverty line, one lay-off or crisis away from poverty

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

Philadelphia, PA - August 29, 2013 - (RealEstateRama) -- The Philadelphia Housing Authority (PHA) hereby extends the public review and comment period by an...

WASHINGTON, D.C. - August 19, 2013 - (RealEstateRama) -- Congress is deliberating on key issues that affect Pennsylvanians who experience homelessness and is seeking to identify how local communities succeed at ending homelessness. The McKinney Vento Homeless Assistance Program, the Low Income Housing Tax Credit and other key parts of the federal budget have a profound influence on how local communities successfully manage strategies to end homelessness. What is not well known by national decision makers is the actual scale of homelessness within their constituencies. This policy brief provides data that national decision makers can use when deliberating on critical issues

Philadelphia, PA - August 13, 2013 - (RealEstateRama) -- The Philadelphia Housing Authority (PHA) has launched a revamped Pre-Apprenticeship Program for its residents. This comprehensive job training course teaches participants skills in maintenance and repairs. Upon completion of the program, graduates will become full-time PHA employees.

WASHINGTON, D.C. - August 12, 2013 - (RealEstateRama) -- Congressman Mike Fitzpatrick (PA-8) joined President Obama in the Oval Office Friday for the signing of Fitzpatrick’s Reverse Mortgage Stabilization Act [HR 2167] into law.

WASHINGTON, D.C. - August 12, 2013 - (RealEstateRama) -- U.S. Department of Housing and Urban Development has allocated more than $1 million to the McKeesport Housing Authority for large-scale improvements to its public housing units

Harrisburg - August 8, 2013 - (RealEstateRama) -- The Corbett administration today awarded a $250,000 Keystone Communities Accessible Housing grant that will help Allegheny County residents living with permanent physical disabilities to make modifications to their homes

WASHINGTON, D.C. - July 31, 2013 - (RealEstateRama) -- Congressman Mike Fitzpatrick (PA-8) released the following statement following the Senate’s passage of his Reverse Mortgage Stabilization Act of 2013

Harrisburg - July 18, 2013 - (RealEstateRama) -- The Pennsylvania Keystone Home Energy Loan Program (HELP) has figured prominently in another national energy award, as the Council of Development Finance Agencies (CDFA) today named Bostonia Partners as the winner of the 2013 CDFA Excellence in Energy Finance Award.

Harrisburg - July 16, 2013 - (RealEstateRama) -- Pennsylvanians who open their mailboxes and find a letter from the State Treasury in coming weeks may have unclaimed property waiting for them, Treasurer Rob McCord announced today as his department issued more than 60,000 notification letters to the owners of the newest unclaimed property in its database

HARRISBURG - July 12, 2013 - (RealEstateRama) -- The board of the Pennsylvania Housing Finance Agency today approved $19.5 million in tax credits for the construction of affordable multifamily housing developments located in suburban and rural areas of Pennsylvania. PHFA has also provided more than $81 million in tax exempt volume cap funding this year, to date, for the new construction and preservation of six developments in the Commonwealth.

Harrisburg - June 27, 2013 - (RealEstateRama) -- About $232 million in property tax and rent rebates will soon be headed to nearly half a million Pennsylvania seniors, widows, widowers and people with disabilities, according to State Treasurer Rob McCord

Philadelphia - June 19, 2013 - (RealEstateRama) -- More than $467 million in lost and forgotten money and valuables are up for claim in southeastern Pennsylvania, State Treasurer Rob McCord stressed today during a visit to a Philadelphia health care advocacy group that claimed its cash earlier this year. The Treasurer encouraged residents, businesses and organizations to visit www.patreasury.gov, where they can search and claim property for free

WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- The Reverse Mortgage Stabilization Act of 2013 [HR 2167] – introduced by Congressman Mike Fitzpatrick (PA-8) and Congressman Denny Heck (WA-10) – passed the House Wednesday by a voice vote.

WASHINGTON, DC - June 10, 2013 - (RealEstateRama) -- Today U.S. Rep. Matt Cartwright announced a U.S. Housing and Urban Development (HUD) Grant in the amount of $131,007.00 has been awarded to the Wilkes-Barre Housing Authority.

Harrisburg - June 10, 2013 - (RealEstateRama) -- State Treasurer Rob McCord today announced that Treasury’s unclaimed property program recently reached the $1 billion mark in collection of lost and forgotten money and valuables since he took office in January 2009. New innovations and efficiencies implemented by his administration have produced higher collections – his office took in 41 percent more property in 2012 than in 2008, the year before he became treasurer

Washington, D.C. - June 6, 2013 - (RealEstateRama) -- The Keystone Home Energy Loan Program (Keystone HELP®) is the winner of the Alliance to Save Energy’s 2013 Andromeda Star of Energy Efficiency award. The Pennsylvania Treasury Department and AFC First Financial Corporation (AFC), along with their partner the Pennsylvania Department of Environmental Protection, will be honored for Keystone Help® during the Alliance to Save Energy’s Annual Dinner on October 2 at the Andrew W. Mellon Auditorium in Washington, D.C.

HARRISBURG - May 31, 2013 - (RealEstateRama) -- Attorney General Kathleen Kane is reminding contractors to re-register with the Attorney General's Office, in order to comply with the Home Improvement Consumer Protection Act, which took effect July 1, 2009. The majority of contractors' registrations will need to be renewed by July 1, 2013 so they may legally continue to perform home improvement services

HARRISBURG - May 23, 2013 - (RealEstateRama) -- Attorney General Kathleen G. Kane announced today the settlement of a case against Hilltop Mobile Home Park in State College, PA. Under the terms of the deal, the owners of the park will pay $26,700 to the Commonwealth. $21,700 will be distributed to residents of the park, and $5,000 will go to the state to pay court costs and attorney's fees. An additional $10,000 will initially be set aside in case other residents file valid claims in the next 30 days, and this additional fund will be supplemented if valid claims exceed the initial set aside.