Archives

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.

Edison, NJ - April 03, 2009 - (RealEstateRama) — With an $8,000 federal tax credit available to first-time home buyers and mortgage rates at 40-year lows, the New Jersey Association of REALTORS® (NJAR®) announced today the launch of a newly designed website, www.REALstoryNJ.com, featuring a countdown to the expiration of the federal first-time home buyer tax credit.

TRENTON, NJ - March 31, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Jersey City man pleaded guilty today to his role in a conspiracy involving his business partner and members of the partner’s family in which they stole $573,383 from the state by filing fraudulent applications for 745 Homestead Rebate checks.

West Windsor, N.J. - March 26, 2009 - (RealEstateRama) — Mayor Shing-Fu Hsueh signed into law the Redevelopment Ordinance that will modify the zoning for the 350-acres Redevelopment Area around the Princeton Junction at West Windsor train station.

TRENTON, NJ - March 20, 2009 - (RealEstateRama) — New Jersey Democratic Chair Joe Cryan today called on Republican Gubernatorial candidate Chris Christie to produce a budget in the wake of comments he made on WNYC’s The Brian Lehrer Show and his statement regarding the restoration of the property tax deduction.

Edison, NJ - March 16, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® Educational Foundation (NJAREF) will present 39 scholarships this year, ranging from $1,000 to $2,500 each. Applications will be accepted until April 6, 2009 from:

NEWARK, N.J. - March 18, 2009 - (RealEstateRama) — A federal bankruptcy court in New Jersey took two actions related to the U.S. Mortgage Corp. (known as CU National Mortgage) bankruptcy case: it appointed seven credit union representatives to an Unsecured Creditors' Committee and set a hearing date for May 11.