Archives

November 5, 2010 - (RealEstateRama) -- With four Assembly committees cancelling their meetings on Monday and no property tax reform Tool Kit legislation under consideration by the remaining panels, Assembly Republican Domenick DiCicco, R-Gloucester and Camden, today said Democrats continue to ignore their responsibility to provide relief to homeowners who pay the highest property taxes in the country.

November 5, 2010 - (RealEstateRama) -- Assembly Democrats are doing nothing to help property taxpayers and local officials deal with senseless court-ordered affordable housing mandates and other property tax drivers when a hard property tax cap is set to begin in less than two months, Assembly Republican Whip David Rible said today.

November 1, 2010 - (RealEstateRama) -- If New Jersey expects towns to hold the line on property taxes, it should end an outdated salary-arbitration process for police and firefighters. Gov. Christie has offered a reasonable plan to do that and help municipalities live with an austere 2 percent annual property-tax hike cap. It would set the same 2 percent limit for all public-employee economic compensation packages, including benefits such as health insurance.

Trenton, NJ - November 1, 2010 - (RealEstateRama) -- The Christie Administration today announced it is moving forward with a comprehensive plan to enact fiscal discipline and promote the prudent use of scarce property tax dollars by capping salaries for superintendents. The regulations, announced in July, will result in a salary reduction for more than 360 school superintendents who serve school districts with low numbers of students.

November 1, 2010 - (RealEstateRama) -- With Assemblyman Paul Moriarty saying that legislation to prevent lobbyists from benefiting from taxpayer-paid pensions and health benefits “is a no brainer,” Assemblyman Domenick DiCicco today said the Assembly Democrat should explain why it’s taken Moriarty, who has served in the Assembly for four years, to finally introduce the bill.

October 29, 2010 - (RealEstateRama) -- The deadline for homeowners to file 2009 Homestead Benefit applications has been extended to Jan. 3, 2011, to allow more people to file, Treasurer Andrew Sidamon-Eristoff announced. The old deadline was Nov. 1

MEDFORD TWP., N.J. - October 26, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local officials to celebrate the completion of 36-unit affordable senior apartments. Medford Senior Housing is a housing development located at 8 Jones Road in Medford Township. The HMFA, an affiliate of the Department of Community Affairs, provided the mortgage and tax credit funding for the project.

TRENTON, NJ - October 20, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow announced today that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure.

NORTH BERGEN, NJ - October 20, 2010 - (RealEstateRama) -- Standing with New Jersey building trades workers, U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today touted the job creating potential of the Access to the Region’s Core (ARC) Tunnel project. The Senators were joined by Reps. Steve Rothman (D-NJ-09) and Frank Pallone (D-NJ-06), State Senator Barbara Buono, Assembly Speaker Sheila Oliver and New Jersey State Building and Construction Trades Council President Bill Mullen to highlight the potential for thousands of construction jobs for New Jersey men and women that would be created by the ARC Tunnel project.

TRENTON, N.J. - October 13, 2010 - (RealEstateRama) -- The Christie Administration announced today that New Jersey will receive an additional $188 million in federal funding for anti-foreclosure assistance to help struggling homeowners. The additional funding means that $300 million is now available for homeowners facing foreclosure.

October 13, 2010 - (RealEstateRama) -- Today the Appellate Division decided 22 separate challenges to the 2008 revised COAH third round rules. The decision once again invalidated key rule provisions, including the so-called "growth share methodology" for determining municipal housing obligations and standards for inclusionary development

October 13, 2010 - (RealEstateRama) -- Assemblywoman Mary Pat Angelini, R-Monmouth, issued the following statement regarding the October 14, 2010 Assembly Committee schedule which again does not include any property tax reform Tool Kit legislation

NEWARK, NJ - October 7, 2010 - (RealEstateRama) -- The Office of the Attorney General, through the Division of Consumer Affairs, is assessing whether the state’s Consumer Fraud Act has been violated by companies that have admitted to not properly reviewing, factually verifying and signing foreclosure filings submitted to the courts.

TRENTON, NJ - October 6, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow announced today that Wells Fargo Home Mortgage has agreed to provide New Jersey consumers with nearly $67 million in loan modifications and pay the state $3.98 million to resolve allegations that companies it acquired – Wachovia Corporation, Golden West and World Savings -- deceptively marketed adjustable rate mortgage loans.

WASHINGTON, DC - October 1, 2010 - (RealEstateRama) -- Continuing in their efforts to keep flood mitigation in the Passaic River Valley a top priority, U.S. Sen. Frank R. Lautenberg (D-NJ) and U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today announced a total of $8.7 million in hazard mitigation grants through the Federal Emergency Management Agency (FEMA).

ATLANTIC CITY, N.J. - September 29, 2010 - (RealEstateRama) -- The New Jersey Department of Community Affairs (DCA) and New Jersey Housing and Mortgage Finance Agency (HMFA) today honored eight organizations with the Excellence in Housing Awards in recognition of their outstanding work in housing development.

WASHINGTON, DC - September 29, 2010 - (RealEstateRama) -- Continuing in their efforts to keep flood mitigation in the Passaic River Valley a top priority, U.S. Sen. Frank R. Lautenberg (D-NJ) and U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today

Hamilton, NJ - September 29, 2010 - (RealEstateRama) -- The Foundation for Housing is soliciting “member friendly” proposals for two (2) grants of up to $10,000 a piece for projects that will help fulfill our mission in support of housing in New Jersey:

Trenton, NJ - September 23, 2010 - (RealEstateRama) -- The Christie Administration announced today that New Jersey will receive $112 million in federal funding for anti-foreclosure assistance to help struggling homeowners.

WASHINGTON, DC - September 9, 2010 - (RealEstateRama) -- New Jersey's U.S. Senators, Robert Menendez and Frank Lautenberg, today applauded the U.S. Department of Housing and Urban Development's announcement that it has awarded New Jersey communities $11,641,549 million in additional funding to help minimize the negative effects of the foreclosure crisis.