Yearly Archives: 2011

PROVIDENCE, RI - December 20, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive $4.6 million in federal Continuum of Care funding to combat homelessness. These funds were made available through the U.S. Department of Housing and Urban Development’s (HUD) Supportive Housing and Shelter Plus Care programs, which supports a multi-layered approach to addressing the economic, physical, and social needs of struggling Rhode Islanders and helps them obtain housing and supportive services.

Providence, RI - November 28, 2011 - (RealEstateRama) -- Today, U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan toured four Neighborhood Stabilization Program (NSP) properties on Hyat and Joslin Streets in the Olneyville neighborhood of Providence, RI. Secretary Donovan was joined on the tour by U.S. Senators Jack Reed and Sheldon Whitehouse, Congressmen Jim Langevin and David Cicilline, as well as Providence Mayor Angel Taveras. The tour was aimed at highlighting the success of neighborhood stabilization efforts as well as demonstrating how the American Jobs Act and Project Rebuild can help to revitalize neighborhoods, create jobs, and grow local economies throughout the Providence region. Additionally, the touring delegation discussed the new housing refinancing plan, which will provide a lifeline to many underwater borrowers and strengthen the U.S. housing market.

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- In an effort to boost the economy, create jobs, and stabilize neighborhoods, 33 U.S. Senators are asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate owned (REO) management strategy to make better use of vacant foreclosed homes.

Providence, R.I. - September 21, 2011 - (RealEstateRama) --Intercontinental Real Estate Corporation today announced its pivotal decision to relaunch sales at Waterplace, one of Providence, R.I.’s only luxury, high-rise condominiums, by teaming up with Accelerated Marketing Partners to conduct an auction on October 17th for 29 riverfront homes at the development. Minimum bids for the residences available at auction start as low as $175,000 and are up to 69 percent below original asking prices.

Narragansett, , RI. - August 11, 2011 - (RealEstateRama) -- Lila Delman Real Estate, the leader in Rhode Island’s luxury property market, announces the opening of a new office in Providence, the sixth for the firm. The Providence location, on the East Side at9 Wayland Square, will allow the company to better serve the Providence and inland areas.

July 18, 2011 - (RealEstateRama) -- Lila Delman Real Estate announced the sale today of Puesta del Sol, 294 Carnegie Harbor Drivein Portsmouth, Rhode Island. The property was listed by Melanie Delman, President of Lila Delman Real Estate. This is the 5th highest sale inRhode Island in 2011; Lila Delman Real Estate has participated in all top 5 sales this year.

WASHINGTON, DC - July 15, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive $114,275 in federal funding to provide housing assistance to homeless veterans

WASHINGTON DC - July 14, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that twenty-five Rhode Island cities and towns will receive a total of nearly $12.7 million in federal funding to develop, finance, and/or modernize public housing in their communities. The grants are awarded through the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund Program.

Providence, RI - July 11, 2011 - (RealEstateRama) -- Governor Lincoln D. Chafee today signed into law H 5994 and S 0114: “An Act Relating to Public Property and Works,” authorizing the sale of surplus property in the I-195 area and establishing the I-195 Redevelopment District Commission.

WASHINGTON, DC - June 16, 2011 - (RealEstateRama) -- Today, a dozen U.S. Senators sent a letter to the Office of the Comptroller of the Currency (OCC) urging the agency to work with State Attorneys General, the U.S. Department of Justice (DOJ), and the U.S. Department of Housing and Urban Development (HUD) to hold mortgage servicers accountable for deficient servicing procedures and improperly foreclosing on homeowners and to develop a comprehensive solution to fix the broken foreclosure process

WASHINGTON, DC - May 19, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that several communities throughout the state will receive $138,735 in federal funding to help more Rhode Islanders develop job skills and achieve economic independence.

Providence, RI - May 12, 2011 - (RealEstateRama) -- Governor Lincoln D. Chafee announced today his appointment of Anne M. Nolan of Cumberland to the Rhode Island Parole Board. Nolan is President and CEO of Crossroads Rhode Island, the state’s leading homeless service organization.

EUGENE, OR - March 24, 2011 - (RealEstateRama) -- With thousands of properties being updated every day, real estate professional Ginny L. Gorman of Phillips Post Road Realty has integrated the revolutionary IDX Broker software onto her website, in an effort to simplify the online real estate search in Rhode Island. She can now seamlessly display thousands of Rhode Island State Wide MLS (RIMLS) listings online, creating a comprehensive database of property listings for buyers to search through. IDX Broker has forever changed the way Rhode Island buyers experience an online real estate solution.

March 17, 2011 - (RealEstateRama) -- Congressman Jim Langevin (D-RI) voiced strong objections to a bill brought forward by House Republicans today that threatens to eliminate resources that would create jobs and affordable housing in Rhode Island. The Neighborhood Stabilization Program (NSP) Termination Act (H.R. 861) would end a proven successful effort to revitalize neighborhoods, as well as save and rehabilitate buildings and foreclosed property. NSP has already resulted in 100 new homebuyers purchasing and restoring previously foreclosed properties in Rhode Island and 165 foreclosed homes being acquired for non-profit

WASHINGTON, DC - March 7, 2011 - (RealEstateRama) -- In an effort to protect consumers, increase transparency in the foreclosure process, and hold banks and servicers accountable for providing relief to qualified homeowners, U.S. Senator Jack Reed (D-RI) today introduced the Preserving Homes and Communities Act of 2011 based on similar legislation Reed introduced in 2009