RealEstateRama Authors Posts by Newjersey RealEstateRama
U.S. Senators Bob Menendez, a senior member of the Senate Banking Committee, and Cory Booker today joined a group of their colleagues in introducing legislation that would require loan quality criteria be made publically available by any lender issuing a significant number of mortgages and home equity lines of credit each year.
Mayor Reed Gusciora on Wednesday signed into law an ordinance amending the Trenton City Code to increase registration fees for vacant properties. The ordinance, which passed the City Council unanimously, goes into effect immediately.
Following Governor Phil Murphy’s State of the State address, Housing and Community Development Network of New Jersey’s (the Network) President and Chief Executive Officer Staci Berger issued the following statement:
Menendez, Schatz, Colleagues Urge Banks, Creditors to Implement Relief Measures for Federal Workers Struggling...
U.S. Senators Bob Menendez (D-N.J.) and Brian Schatz (D-Hawaii), members of the Senate Banking Committee, today led the call for banks, lenders and financial institutions to work with their customers who have been impacted by the partial government shutdown and are at risk of falling behind on their monthly bills. As the Trump Shutdown continues into its fifth week, many of the 800,000 federal employees
Rep. Donald M. Payne, Jr. announced that he has joined three subcommittees of the House Committee on Transportation and Infrastructure. He will serve on the Subcommittees on Railroads, Pipelines, and Hazardous Materials; Highways and Transit; and Aviation
The Morris County Board of Freeholders had the honor of awarding county resolutions this morning to four exceptional county residents, in the fields of teaching, housing and nonprofit giving, who have served as role models in their respective communities.
Ranking Member Sires and Chairman Emeritus Ileana Ros-Lehtinen Introduce Comprehensive Legislation to Address the...
Congressman Sires, Ranking Member of the Subcommittee on the Western Hemisphere, and Chairman Emeritus Ileana Ros-Lehtinen (FL-27) made the following statement after introducing H.R. 7245, The Venezuela Humanitarian Relief, Reconstruction, and Rule of Law Act of 2018, legislation targeting the disintegration of democracy in Venezuela
NJEDA Now Accepting Applications for 21st Century Redevelopment Program to Help Communities Revitalize Vacant...
The New Jersey Economic Development Authority (NJEDA) today announced that it is now accepting applications for the 21st Century Redevelopment Program, which will provide grant funding to assist communities with developing solutions for repurposing local vacant or underutilized commercial and retail properties
U.S. Representative Bill Pascrell, Jr. (D-NJ-09) announced the awarding of a $1,162,364 Federal Emergency Management Agency grant to New Jersey which will be used to restore Passaic Valley Sewerage Commission (PVSC) property damaged by Hurricane Sandy.
Toms River, New Jersey—Congressman Tom MacArthur released the following statement on the Puerto Rican governor's decision to increase minimum wage for Puerto Rican construction workers and require the use of project labor agreements in governemnt-funded constuction projects
New Jersey’s housing market is steady in the second quarter of 2018, with prices on the rise and properties spending fewer on the market, according to NJ Realtors® data. The median sales price of a single-family home in June was $340,000, up 4.6 percent from last year.
Representative Bill Pascrell, Jr. (D-NJ-09) announced that the Department of Housing and Urban Development (HUD) awarded $1,544,606 in Housing Choice Vouchers to the Paterson Housing Authority. These HUD grants will be used for the relocation of current members of the Riverside Terrace Development in Paterson which is slated for HUD-approved demolition.
July 20, 2018 DCA Proposes Reallocating Sandy Recovery Funds to Continue Providing Housing Counseling...
The New Jersey Department of Community Affairs (DCA), Sandy Recovery Division is proposing to reallocate Community Development Block Grant Disaster Recovery (CDBG-DR) funds to the Sandy Recovery Housing Counseling Program and Rental Assistance Program in order to meet the continuing needs of highly vulnerable households hit hard by Superstorm Sandy.
In order to afford a modest, two-bedroom apartment at fair market rent (FMR) in New Jersey, renters need to earn $28.17 per hour. This is NJ’s 2018 Housing Wage, revealed in a national report released today. The report, Out of Reach: The High Cost of Housing, was jointly released by the National Low Income Housing Coalition (NLIHC)
U.S Representative Bill Pascrell, Jr. (D-NJ-09) and 10 Democratic members of the Ways and Means Committee sent a letter to Internal Revenue Service (IRS) Acting Commissioner David Kautter requesting an explanation for the agency’s decision to create restrictions on the prepayment of 2017 property taxes that are not included in the Tax Cuts and Jobs Act of 2017 (TCJA).
Menendez Discusses Trump Tax Bill’s Devastating Effects on Homeowners, Housing Market with NJ Realtors
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee, today held a conference call with NJ Realtors to explain the many problems with the Republican tax bill and the harmful impact it could have on New Jersey homeowners and the housing market.
Family-owned Snack Innovations, a manufacturer, distributor, and wholesaler of healthy snack foods, has relocated to a new home in Middlesex County, supported by financing received from the New Jersey Economic Development Authority (EDA) and Provident Bank.
NJHMFA Board Approves Affordable Rental and Supportive Housing Projects Financed by Sandy Recovery Funds
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) Board of Directors at its November 9 meeting approved financing commitments, including Superstorm Sandy recovery funding, for a supportive housing project in Union Township that will serve special needs residents and an affordable rental project in Atlantic City
18,000 municipal officials, exhibitors, program participants, and guests are expected to attend the largest annual gathering of municipal officials in the country. The 102nd Annual League of Municipalities Conference will be held at the Atlantic City Convention Center from Tuesday, November 14, through Thursday, November 16.
Christie Administration Marks Groundbreaking of Mixed-Income Apartments in Jersey City Financed with Sandy Recovery...
New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Anthony L. Marchetta today joined local officials, as well as representatives of the Michaels Development Company and the Jersey City Housing Authority to celebrate the groundbreaking of a mixed-income apartment complex, which is being financed with the help of Superstorm Sandy recovery funds.