List/Grid Tag Archives: housing
$12 million in Affordable Housing Coming to Humboldt Park: 40 Jobs to Be Created and Historic Murals to Be Preserved
Chicago, IL – 1400 N. Washtenaw: on April 20, 2012 at 10 am, community residents and prominent leaders will gather to celebrate the groundbreaking of Borinquen Bella, a $11.7 million…
Former Chief Financial Officer of Taylor, Bean, & Whitaker Pleads Guilty to Fraud Scheme
WASHINGTON—Delton de Armas, a former chief financial officer (CFO) of Taylor, Bean, & Whitaker Mortgage Corp. (TBW), pleaded guilty today to making false statements and conspiring to commit bank and wire fraud for his role in a more than $2.9 billion fraud scheme that contributed to the failures of TBW and Colonial Bank.
Developer Guilty of Fraud in the Development of the East St. Louis Bowman Estates Project
A Clayton developer pled guilty in U.S. District Court on October 27, 2011, for his role in the failed Bowman Estates construction project, the United States Attorney for the Southern District of Illinois, Stephen R.
LISC Launches Neighborhood Revitalization Loan Fund to Drive Affordable Rental Housing Development with Funding from Morgan Stanley, Capital Magnet Fund
NEW YORK , Oct. 24, 2011 /CHICAGOPRESSRELEASE.COM/ — The Local Initiatives Support Corporation (LISC) has leveraged a $5 million grant from the federal Capital Magnet Fund to launch the Neighborhood Revitalization Loan Fund – an affordable housing loan pool designed to stimulate the development and preservation of multifamily rental housing for low-income residents.
Forty-Seven Individuals Indicted for Drug Trafficking in the Municipality of Corozal, Puerto Rico
SAN JUAN, PR—On September 21, 2011, a federal grand jury indicted 47 individuals as a result of an investigation led by the Federal Bureau of Investigation (FBI) and the Puerto Rico Police Department (PRPD)-Bayamón Strike Force, announced today United States Attorney Rosa Emilia Rodríguez-Vélez. The defendants are charged in a six-count indictment with conspiracy to possess with intent to distribute heroin, “crack” (cocaine base,) cocaine, marijuana, Oxycodone (commonly known as “Percocet”), and Alprazolam (commonly known as “Xanax”). Count six charges 36 defendants with using and carrying firearms during and in relation to a drug trafficking crime. According to the indictment, Luis Agosto-López, aka “Tutin,” became the main leader of the drug trafficking organization upon the death of Gamalier Rosado-Serrano, aka “Gamma,” on or about May 9, 2004. The object of the conspiracy was to distribute controlled substances at the Enrique Landron Public Housing Project, located in the Municipality of Corozal, Puerto Rico, for significant financial gain. It was further part of the manner and means of the conspiracy that some of the defendants and their co-conspirators would provide payments to an undisclosed source in exchange for sensitive law enforcement information, as to dates and times of prospective interventions by the Police of Puerto Rico at the Enrique Landron Public Housing Project and/or police protection and escort to members of the conspiracy during the transportation of narcotics from different housing projects located within the Municipalities of San Juan and Bayamón to the Enrique Landron Public Housing Project.
Governor Quinn Announces $345 MillionMortgage Assistance Program in Illinois – “Illinois Hardest Hit” Program Leverages Federal Dollars to Help Homeowners Avoid Foreclosure
CHICAGO – September 15, 2011. Governor Pat Quinn today announced a program to help approximately 15,000 Illinois homeowners threatened by foreclosure.
Apartments Featuring Affordable Rents for Families Open in Edgar County – Senator Durbin attends grand opening to demonstrate strength of federal housing stimulus funds
PARIS – As a teacher and a single parent raising a 5-year-old daughter, 27-year-old Stephanie Walker felt she could never find a quality apartment she could afford on her budget. Then, Maple Ridge Apartments in Paris finished construction. “I have finally found the perfect apartment for my family,” said Walker of her new two-bedroom unit.
Housing market still slumping in Illinois
By Andrew Thomason Illinois Statehouse News SPRINGFIELD — The scenery on a walk through the neighborhoods surrounding Illinois’ Capitol building is filled with signs of a sagging housing market. On nearly every block, a house has a “For Sale” sign, weathered and worn from the long period of time it’s been in the elements, or a house has deteriorated, because the homeowner, unable to make their mortgage payment, abandoned it.
Waiting for a Rebound in Housing: Special Housing Market Edition
CHICAGO , April 7, 2011 /CHICAGOPRESSRELEASE.COM/ — “All is not bleak; there is still hope for housing, just not much for 2011. We are still years, not months, away from seeing any sense of normalcy in this sector of the economy,” says Mesirow Financial Chief Economist Diane Swonk .
Statewide Loan Makes Homeownership Affordable for First-time Buyers – SmartMove programs offer low-interest rates, down payment assistance
CHICAGO – With spring around the corner, it’s an ideal time for first-time homebuyers and Veterans to take advantage of a statewide affordable loan program available through the Illinois Housing Development Authority (IHDA). SmartMove loan programs enable residents across the state to benefit from historically low interest rates and home prices.