Yearly Archives: 2010

WASHINGTON, DC - December 23, 2010 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today announced a U.S. Housing and Urban Development grant of $42,866 to the Paterson Housing Authority for the agency’s housing counseling program.

EUGENE, OR - December 23, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce Donald Olson has adopted a custom IDX solution for his website. He can now supply his clients with the home search they deserve, thanks to his newly IDX enabled website. Trend MLS listings are now seamlessly integrated onto his search page, giving potential buyers utilizing his website thousands of options and detailed listings conveniently on his website.

WASHINGTON, DC - December 22, 2010 - (RealEstateRama) -- Today, the U.S. House of Representatives unanimously approved bipartisan legislation that will expand affordable housing options for Americans with disabilities. The Frank Melville Supportive Housing Investment Act, sponsored by Senators Robert Menendez (D-NJ) and Mike Johanns (R-NE) in the Senate and Representatives Christopher Murphy (D-CT) and Judy Biggert (R-IL) in the House, will likely quadruple the number of new affordable rental units built each year for people with disabilities by the U.S. Department of Housing and Urban Development's main program to provide affordable housing for people with disabilities.

December 17, 2010 - (RealEstateRama) -- On December 7th, at the REALTORS® Triple Play Convention in Atlantic City, the New Jersey Association of REALTORS® recognized Gary P. Foulks, Regional Vice President and Broker of Record of Gloria Nilson, REALTORS®, Real Living® for receiving REALTOR® Emeritus Status from the National Association of REALTORS®. Emeritus status is awarded to a REALTOR® or REALTOR® Associate who has held membership in the National Association for a period of at least 40 years.

December 14, 2010 - (RealEstateRama) -- Concerned that a significant number of already-expired public employee contracts would not be subject to the proposed two percent cap on arbitration awards to public employee unions, Assemblyman Declan O'Scanlon introduced today a measure clarifying that the cap would apply to contracts that expired before the cap begins on Jan. 1

December 13, 2010 - (RealEstateRama) -- Assembly Republican Deputy Conference Leader Scott Rumana, R-Passaic, Bergen and Essex, issued the statement below regarding approval today by the Assembly Housing & Local Government Committee of Democrat COAH legislation, A-3447, that still contains bonus density, which allows developers to build more housing than a municipality and taxpayers can support

TRENTON, NJ - December 10, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a father and son were arrested today on charges that they used the construction companies they own and operate to defraud clients and a bank in connection with a $2.1 million condominium project in Jersey City.

December 10, 2010 - (RealEstateRama) -- Assembly Republican Declan O’Scanlon, R-Monmouth and Mercer, released the following statement regarding an announcement by Governor Christie of a bipartisan agreement on arbitration reform which is a key component of the governor’s property tax reform Tool Kit package:

December 10, 2010 - (RealEstateRama) -- Gloria Nilson, REALTORS®, Real Living is pleased to announce that Dick Schlott, Chairman and CEO of Gloria Nilson, REALTORS®, Real Living and RLS, REALTORS®, Real Living, served as one of the panelists for RISMedia’s 15th Annual Power Broker Forum during the recent REALTORS® Conference & Expo in New Orleans.

December 9, 2010 - (RealEstateRama) -- Assembly Republican Leader Alex DeCroce, R-Morris and Passaic, released the statement below regarding today's announcement by Governor Christie of a bipartisan agreement on arbitration reform which is a vital element of the governor's property tax reform Tool Kit package:

POMPTON PLAINS, N.J. - December 8, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) joined local officials today to celebrate the grand opening of Evans Place, an affordable supportive housing community for individuals with special needs. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided $2.4 million in construction and permanent financing from the Special Needs Housing Trust Fund.

WASHINGTON, DC - December 3, 2010 - (RealEstateRama) -- Calling it a significant response to Pompton Lakes residents concerned about groundwater affected by a DuPont works facility, U.S. Senator Frank R. Lautenberg (D-NJ) and U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today lauded an agreement reached by the EPA, NJDEP and the DuPont Company that enables residents outside of the soil vapor plume area to test for and mitigate a total of 61 possible contaminants at their properties. Previously, those residents could only receive help in testing and mitigating their properties if the 10 chemicals attributed to DuPont’s contamination were found.

December 3, 2010 - (RealEstateRama) -- Industry icon Richard L. (Dick) Schlott, Chairman & CEO of Gloria Nilson, REALTORS®, Real Living and RLS, REALTORS®, Real Living, was honored recently with the 2010 RISMedia National Homeownership Award, sponsored by Bank of America Home Loans. Schlott was presented with this prestigious award at RISMedia’s 15th Annual Power Broker Dinner, held last week during the annual NAR Conference & Expo in New Orleans. The Power Broker Dinner honors the industry’s top brokers, as determined by the results of RISMedia’s annual Power Broker Report & Survey.

NEPTUNE CITY, N.J. - December 1, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) joined local officials today to celebrate the grand opening of Hamilton Supportive Housing, an affordable housing residence for individuals with special needs. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided $556,000 in construction and permanent financing for the project from the Special Needs Housing Trust Fund. An additional $41,000 in construction and permanent financing came from the New Jersey Community Housing Partnership Program.

SOMERDALE, N.J. - December 1, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) joined local officials today to break ground on Gateway Village, an affordable apartment community for families located in Somerdale, Camden County. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided permanent mortgage financing in the amount of $352,000 for the project. Gateway Village was also awarded federal Low Income Housing Tax Credits, which will generate approximately $4.4 million in private equity. In addition, approximately $1 million in funding came from DCA’s Balanced Housing Program.

NEW YORK, NY - December 1, 2010 - (RealEstateRama) -- Sheldon Good & Company, a Racebrook Portfolio Company and America’s leading real estate auctioneer, will hold a year-end liquidation auction of eight apartment buildings in northern New Jersey to be sold individually with suggested opening bids from $350,000. The seller-directed auction offers investors the opportunity to purchase a varied selection of high occupancy properties to be sold at competitive prices.

November 23, 2010 - (RealEstateRama) -- The proposal would readopt the Division on Civil Rights’ rules pertaining to Advertisement Relating to Real Property, with certain amendments. The rules proposed for readoption set forth the prohibitions against advertisements by housing providers that express discriminatory preferences for prospective tenants or purchasers based on certain protected characteristics, such as race, national origin or creed. Upon readoption, the Division proposes amendments to clarify that the rules govern advertisements in both print and electronic form, and to include civil union status and gender identity or expression as protected characteristics to conform the rules to recent amendments to the Law Against Discrimination. The proposed readoption with amendments appears in the November 15, 2010 edition of the New Jersey Register.

November 22, 2010 - (RealEstateRama) -- With only 39 days left until the state’s new hard property tax cap takes effect and with no meaningful property tax reform legislation again on today’s General Assembly Board list, Assembly Republicans said Assembly Democrats are inaccurately portraying to the public their legislative efforts in advancing Governor Christie’s property tax reform Tool Kit

NEW BRUNSWICK, N.J. - November 22, 2010 - (RealEstateRama) -- New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today joined local officials to dedicate 55 Harvey at Providence Square, a 53-unit affordable senior housing community located in New Brunswick’s Transit Village area. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), helped finance the project by providing $7.4 million in federal tax credit funds toward development costs

TRENTON, NJ - November 19, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a woman was sentenced to state prison today in connection with a million-dollar mortgage and credit card scheme she and others conducted in Bergen County.