Archives

TRENTON, N.J. - June 16, 2009 - (RealEstateRama) — A new funding resource in support of Gov. Jon S. Corzine's commitment to promote economic development and a more secure environmentally responsible energy future for New Jersey was unveiled today. Known as the Clean Energy Solutions Capital Investment (CESCI) Loan/Grant, the new program was developed to encourage and promote energy efficiency measures within the commercial and industrial sectors and encourage the use of renewable energy while supporting the goals of the Governor Corzine's Energy Master Plan.

Newark, NJ - June 12, 2009 - (RealEstateRama) – PSE&G has been recognized by the solar industry for its game-changing innovations to expand the solar market that are models for replication around the country. The national award was presented at this week’s PV America conference in Philadelphia.

NEWARK, N.J. - June 11, 2009 - (RealEstateRama) – A Montclair man pleaded guilty today to mail and wire fraud and money laundering charges in connection with a $139 million fraud scheme that bankrupted Pine Brook-based U.S. Mortgage Corp. and its subsidiary, CU National Mortgage, LLC, Acting U.S. Attorney Ralph J. Marra, Jr. announced.

Washington, DC - June 12, 2009 - (RealEstateRama) – Rep. Rush Holt (NJ-12) today hailed the announcement by the U.S. Treasury Department that it is making available Recovery Zone Bonds to help communities obtain capital to fund economic development projects, rebuild infrastructure, maintain public services, and assist families in need.

GLASSBORO, NJ - June 8, 2009 - (RealEstateRama) – Glassboro Mayor Leo J. McCabe today joined Department of Community Affairs (DCA) Commissioner Joseph Doria and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia at Borough Hall at 1 South Main Street to announce that Glassboro is the newest member of the Live Where You Work Program. The borough is the 14th municipality to partner with HMFA on the program.

NEW BRUNSWICK, NJ - June 10, 2009 - (RealEstateRama) – Noting the significance of public-private partnerships to New Jersey's continued economic revitalization, Governor Jon S. Corzine today joined state and local officials to break ground for New Brunswick's $150 million Gateway Transit Village project.

NORTH BERGEN, NJ - June 8, 2009 - (RealEstateRama) — Building upon the region's rich legacy of major public transportation assets, Governor Jon S. Corzine, Senators Frank R. Lautenberg and Robert Menendez, FTA Administrator Peter Rogoff and a group of other federal, state and local officials today broke ground on the Mass Transit Tunnel project, the largest transit public works project in America.

Edison, NJ - June 4, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) today voiced its enthusiastic support for legislation establishing continuing education requirements for real estate licensees. As a means of increasing consumer protections and encouraging the use of the most up-to-date educational tools by real estate licensees, the bill requires real estate brokers, broker-salespersons and salespersons to complete continuing education requirements as a condition for license renewal.

Washington, D.C. - June 6, 2009 - (RealEstateRama) — Rep. Rush Holt today introduced legislation to extend his federal property tax relief initiative for five years. The property tax deduction – which benefits homeowners who do not itemize on their Federal tax returns – is based on legislation Holt introduced in 2007 and was enacted into law in August 2008. In October 2008, Holt successfully secured a one-year extension so that homeowners can benefit through the 2009 tax year.

TRENTON, NJ - May 29, 2009 - (RealEstateRama) — Governor Jon S. Corzine today announced that the deadline for New Jersey’s senior and disabled homeowners to file 2008 Homestead Rebate applications has been extended to August 17, 2009. The deadline for filing a 2008 Senior Freeze (Property Tax Reimbursement) application has also been extended to August 17. The original deadline for filing 2008 applications for both programs was June 1, 2009.

UNION CITY, NJ - May 28, 2009 - (RealEstateRama) — Governor Jon S. Corzine today lauded the announcement by Department of Community Affairs (DCA) Commissioner Joseph Doria of the award of $19.5 million in federal Low Income Housing Tax Credit Funds (LIHTC) and the designation of $20.6 million in American Recovery and Reinvestment (ARRA) funding through the Tax Credit Assistance Program (TCAP) that will spur the creation of 879 new housing units throughout the state.

Trenton, NJ - May 20, 2009 - (RealEstateRama) — Assembly Republican Leader Alex DeCroce called on Democratic Budget Chairman Lou Greenwald to renew his February vow to “fight to the death” to preserve property tax rebates.

WASHINGTON, DC - May 11, 2009 - (RealEstateRama) — US Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced the state of New Jersey will receive $61 million in economic recovery act funds through a program to finance the purchase and construction of affordable housing units across the state, which will help create jobs while bringing down housing costs for working families.

Edison, NJ - May 7, 2009 - (RealEstateRama) — An increasing number of homeowners in coastal areas throughout New Jersey are experiencing greater difficulty in obtaining homeowner's insurance at an affordable rate. In response to this growing problem, the New Jersey Association of REALTORS® (NJAR®) today voiced its support for the "New Jersey Consumer Catastrophe Preparedness and Protection Act."

Edison, NJ - May 6, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) applaud Monday's confirmation of Christina P. Clemans to the State Housing Commission by New Jersey Senate.

Washington, DC - April 30, 2009 - (RealEstateRama) — The Department announced an agreement with the owners, a manager and a former manager of Cottage Manor Apartments in Lakewood, N.J., to settle allegations of discrimination on the basis of religion, national origin and race. Under the settlement, which must be approved by the U.S. District Court in New Jersey, the defendants must pay a total of $170,000 to identified victims of discrimination and an additional $30,000 to the government as a civil penalty.

TRENTON, NJ - April 27, 2009 - (RealEstateRama) — Attorney General Anne Milgram announced today the filing of a lawsuit charging three individuals and two...

WASHINGTON, DC - April 27, 2009 - (RealEstateRama) — Sen. Frank R. Lautenberg (D-NJ) today announced New Jersey will receive more than $27 million in federal funding to put people back to work, reduce poverty, revitalize low-income communities and improve self-sustainability for low-income families.

Edison, NJ - April 7, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) today said the significant downturn in realty transfer fee collections shows that high taxes on real estate have a detrimental impact on the state economy.

Morristown, NJ - April 06, 2009 - (RealEstateRama) — The Morris County Improvement Authority has used the county's AAA bond rating to help Lincoln Park save money and obtain a low interest rate on the borough's refinancing of bond anticipation notes.