Providence, RI - June 30, 2009 - (RealEstateRama) - Governor Carcieri today hailed the Quonset Development Corporation Board of Directors’ approval of a development agreement to lease 117 acres to Deepwater Wind Rhode Island, LLC in the Quonset Business Park for the development of the company’s regional manufacturing facility and its regional development headquarters. more »

Providence, RI - June 25, 2009 - (RealEstateRama) — Legislation approved by the General Assembly — to close a loophole in state law regulating hurricane insurance deductibles – has been signed into law and will, according to the bills’ prime sponsors, correct language that could have proved unnecessarily costly to Rhode Island homeowners. more »

Providence, RI - June 22, 2009 - (RealEstateRama) - Scams that promise to “rescue” troubled homeowners from foreclosure are popping up at an alarming rate nationwide. Here in Rhode Island, which is currently ranked 10th in the nation for foreclosure activity, distressed homeowners are at particularly high risk of predators. more »

CHICAGO - June 10, 2009 - (RealEstateRama) – A Rhode Island affordable housing development designed to meet the needs of low-income seniors in and around North Smithfield has been recognized as one of the top projects in the country. more »

Providence, RI - June 10, 2009 - (RealEstateRama) – Legislation approved by the General Assembly — to close a loophole in state law regulating hurricane insurance deductibles – has been signed into law and will, according to the bills’ prime sponsors, correct language that could have proved unnecessarily costly to Rhode Island homeowners. more »

Boston, MA - June 9, 2009 - (RealEstateRama) – Pasquale Scavitti, III, age 46, resident of Cranston, Rhode Island, pleaded guilty today to Wire Fraud. Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million. more »

April 28, 2009 - (RealEstateRama) — The State of Rhode Island has received 3500 blankets, at no cost, from the Defense Supply Center Philadelphia (DSCP), a field-level activity of the Defense Logistics Agency (DLA), an agency of the United States Department of Defense (DOD). The blankets are intended for distribution to the homeless. The donation came through a DOD Homeless Support Program implemented by the Stewart B. McKinney Homeless Assistance Act. more »

Warwick, R.I. - April 13, 2009 - (RealEstateRama) — Congressmen Patrick J. Kennedy and Jim Langevin announced today that Rhode Island will receive $5,527,291 for the Community Services Block Grant (CSBG) program.  This federal funding, which is part of the American Recovery and Reinvestment Act, will assist community groups to provide job training assistance, housing assistance and nutrition programs, among other programs. more »

Warwick, R.I. - March 24, 2009 - (RealEstateRama) — Congressman Jim Langevin (D-RI) today announced local housing authorities will have access to over $18 million in funding due to the passage of the American Recovery and Reinvestment Act. The funding will be directed to local agencies through US Department of Housing and Urban Development (HUD) Public Housing Capital Fund Program. more »

Washington, DC - March 12, 2009 - (RealEstateRama) —  Rhode Island’s Congressional Delegation today announced that Rhode Island will receive $44,033,615 in weatherization and energy efficiency funding, including $23.96 million for the State Energy Program (SEP) and $20.07 million for the Weatherization Assistance Program (WAP).  This federal funding, which is part of the American Recovery and Reinvestment Act that all four members of Rhode Island’s Congressional delegation supported, will go directly to the Rhode Island Office of Energy Resources, which administers the State Energy Program and the Weatherization Assistance Program. more »

Providence, RI - March 3, 2009 - (RealEstateRama) — In an effort to stem the swelling tide of house foreclosures in Rhode Island, a group of senators led by Sen. Charles J. Levesque today announced legislation to institute a 180-day moratorium on foreclosures in Rhode Island.

The move would allow time for the General Assembly to develop legislation to require judicial review of each mortgage foreclosure in the state, but more importantly, said the senators, it would allow time for homeowners who are currently at risk to work with lenders to renegotiate mortgages and perhaps save their homes. more »

WASHINGTON, DC - February 25, 2009 - (RealEstateRama) — U.S. Senator Jack Reed (D-RI) today announced that the U.S. Department of Housing and Urban Development (HUD) is making over $79 million available to Rhode Island through the American Recovery and Reinvestment Act of 2009.  This legislation, which Senator Reed supported, includes $13.61 billion for HUD projects and programs nationwide.  Approximately $10 billion, or 75 percent, was allocated to recipients today, one week after President Obama signed the economic recovery package into law. more »

Warwick, R.I. - February 18, 2009 - (RealEstateRama) – Congressman Jim Langevin (D-RI) sent a letter today to Rhode Island mortgage lenders urging them to suspend new foreclosure initiations against the state’s homeowners while the Obama Administration and Congress finalize their plan to stem the foreclosure crisis. more »

February 11, 2009 - (RealEstateRama) – The Rhode Island Department of Health (HEALTH) released the third annual survey on resident and family satisfaction with nursing home care Rhode Island. The survey results indicate that in 2008, nursing homes, on average, outperformed nursing homes nationwide. In Rhode Island, 91% of residents and 91% of family members rated their satisfaction with the facility as either “Good” or “Excellent.” In comparison, 87% of residents and 85% of family members in the national database rated their satisfaction as either “Good” or “Excellent.” more »

Warwick, R.I. - January 29, 2009 - (RealEstateRama) – Congressman Jim Langevin (D-RI) yesterday voted for H.R. 1, the American Economic Recovery and Reinvestment Act. This legislation will appropriate $607 billion for transportation and infrastructure upgrades and construction, health care programs, education assistance, housing assistance and energy efficiency upgrades, and includes $212 billion in personal and business tax breaks for a total of $819 billion to be expended over Fiscal Years 2009 and 2010. more »