Archives

v

NEWARK, NJ - May 26, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Deputy Secretary Ron Sims today awarded $18.4 million to revitalize the Alexander Hamilton development in Paterson, NJ. The high and low-rises formerly on the site will be replaced with 201 townhouse rental and for-sale units, as well as 70 off-site rental units for seniors. Sims made the announcement at the Paterson Housing Authority site, and was joined by Senator Frank Lautenberg, Congressman Bill Pascrell, Paterson Mayor Jeffrey Jones, and Paterson Housing Authority Executive Director Irma Gorham

May 26, 2011 - (RealEstateRama) -- In response to the recent Tax Foundation study, again demonstrating the regressive burden shouldered by New Jersey property taxpayers, League of Municipalities’ President, Mayor Chuck Chiarello of Buena Vista Township, issued the following statement:

May 19, 2011 - (RealEstateRama) -- In response to the announcement that hundreds of millions of previously unanticipated dollars are now available to address priority needs, League of Municipalities’ President, Mayor Chuck Chiarello of Buena Vista Township, issued the following statement

NEWARK, NJ - May 16, 2011 - (RealEstateRama) -- With the home improvement season well underway, the State Division of Consumer Affairs last week continued its crackdown on unregistered and non-compliant home improvement contractors, assessing $66,500 in civil penalties against 25 contractors nabbed as part of the Division’s new monitoring and enforcement initiative.

TRENTON, N.J. - May 9, 2011 - (RealEstateRama) -- The Christie Administration announced today the launch of the New Jersey HomeKeeper Program, a foreclosure prevention initiative that will assist New Jersey homeowners who have a track record of making their mortgage payments on time but are now at risk of losing their homes to foreclosure as a direct result of unemployment or underemployment.

WASHINGTON, DC - May 5, 2011 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) announced funding today that will help New Jersey’s homeless access basic necessities and support services. A total of $16.25 million have been awarded to New Jersey communities by the Department of Housing and Urban Development (HUD) through the Continuum of Care Program

TRENTON, NJ - April 121, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that six men were indicted today on charges that they stole more than $2.6 million from lenders by filing fraudulent mortgage loan applications.

TRENTON, N.J. - April 7, 2011 - (RealEstateRama) -- To coincide with the traditional start of home buying season, the New Jersey Department of Community Affairs (DCA) and New Jersey Housing and Mortgage Finance Agency (HMFA) today launched The Road Home New Jersey, an education initiative that prospective first-time homebuyers can use to navigate the road to affordable home ownership

NEWARK, NJ - April 6, 2011 - (RealEstateRama) -- With the arrival of the spring home improvement season, the State Division of Consumer Affairs intensified efforts against unregistered home improvement contractors with an undercover operation at a vacant Gloucester County home.

Atlantic City, NJ - April 6, 2011 - (RealEstateRama) -- The New Jersey Builders Association (NJBA) honored the industry’s most creative, skillful and successful projects at the 24th< Annual Sales and Marketing (SAM) Awards Banquet, kicking-off the 62nd Atlantic Builders Convention on April 5, 2011. Each year, the SAM Awards recognizes excellence in residential design and marketing programs within New Jersey; this year was no exception. Builders, as well as companies that supply products and services to the building industry are eligible for a SAM Award.

TRENTON, NJ - April 5, 2011 - (RealEstateRama) -- New Jersey Department of Banking and Insurance (DOBI) Commissioner Tom Considine today reminded consumers that most homeowners or renter’s insurance policies do not cover flood damage. Homeowners or renters can purchase flood insurance provided by the National Flood Insurance Program (NFIP), a federal program which is the primary provider of flood insurance, through their insurance broker or carrier.

Trenton, NJ - April 4, 2011 - (RealEstateRama) -- The New Jersey Supreme Court has granted all the petitions for certification of the October 8, 2010 Appellate Division decision which invalidated COAH’s third round regulations. The League of Municipalities was one of the parties seeking an appeal, as well another group of municipalities which suggested a solution to the Court. The League asked the Court to hear all of the petitions so as to get a comprehensive decision that can provide guidance to municipalities. We are obviously pleased with the Court’s decision

CAMDEN, N.J. - April 4, 2011 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Lori Grifa today announced that the New Jersey Housing and Mortgage Finance Agency (HMFA) is partnering with the City of Camden and a host of government, nonprofit and private organizations to launch a new home rehabilitation program for eligible Camden homeowners. The Camden Program Offering Widespread Energy Recovery (POWER) Residential initiative will provide up to $16,000 in financial assistance per household for essential home repairs and energy efficiency improvements. The announcement took place at Cramer Hill Community Center in Camden.

WASHINGTON, DC - March 29, 2011 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced funding to investigate and enforce fair housing laws in New Jersey. The Senators announced that New Jersey has been awarded $325,000 by the Department of Housing and Urban Development (HUD) to address discriminatory housing practices in New Jersey

FORT MONMOUTH N.J. - March 24, 2011 - (RealEstateRama) -- Residents in flood-damaged homes should begin cleanup as soon as it is safe to re-enter their houses because mold can create serious health problems, according to disaster recovery and health officials.

FORT MONMOUTH N.J. - March 18, 2011 - (RealEstateRama) -- Despite being the nation's number one natural disaster, statistics continue to show that most people ignore the risks associated flooding and do not purchase flood insurance. Since the year 2000 there have been 11 declared disasters in New Jersey, 7 of which included severe flooding, yet only a relatively small number of New Jersey households have flood insurance through the National Flood Insurance Program (NFIP). These low figures cause concern amongst officials with the Federal Emergency Management Agency (FEMA).

TRENTON, NJ - March 15, 2011 - (RealEstateRama) -- The New Jersey Department of Banking and Insurance has proposed regulations that will temporarily allow financially healthy companies offering mortgage guaranty insurance, which covers lenders for losses if a borrower defaults on a mortgage loan, to seek a waiver of some financial requirements. Granting that waiver will ensure the continued widespread availability of mortgage guaranty insurance, also known as private mortgage insurance (PMI), which is generally required for prospective home buyers who make less than a 20 percent down payment when purchasing their home, and will help stimulate the housing market.

NEWARK, NJ - March 9, 2011 - (RealEstateRama) -- The Office of the Attorney General and State Division of Consumer Affairs this week filed administrative actions against 11 unlicensed businesses offering “mortgage loan modification” services for homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized

NEWARK, NJ - March 7, 2011 - (RealEstateRama) -- To prepare for spring, the peak season for home improvement work, the State Division of Consumer Affairs last week launched a proactive effort to seek out unregistered home improvement contractors, and warn them to get into compliance with the law – or face fines up to $10,000 each.