Archives

WASHINGTON, D.C. - July 22, 2009 - (RealEstateRama) -- Within months of Congressman Chris Murphy (CT-5) visiting Chamberlain Heights in Meriden to announce legislation to provide thousands of new affordable housing units for low income, disabled individuals across the country, today the House of Representatives passed the bill, 376-51.

July 10, 2009 - (RealEstateRama) — Governor M. Jodi Rell today announced she has signed three important bills that will help more Connecticut families who are struggling to pay their mortgages keep their homes, including a bill making the state’s foreclosure mediation process mandatory – rather than optional – for all foreclosures that began after July 1. The bills also set new standards for mortgage professionals, expand eligibility for state mortgage assistance programs and create the crime of residential mortgage fraud.

July 10, 2009 - (RealEstateRama) — Today Senate Banking Committee Chairman Chris Dodd (D-CT) and House Financial Services Chairman Barney Frank (D-MA) sent a letter to the heads of the bank regulatory agencies asking them to address whether banks are inflating the value of 2^nd mortgages on their balance sheets, thereby discouraging proactive efforts to modify and restructure mortgage loans and crippling programs designed to prevent foreclosures.

WASHINGTON, DC - July 10, 2009 - (RealEstateRama) — Senator Joe Lieberman (ID-CT) today praised the release of $16,960,432 to rapidly find housing...

WASHINGTON, D.C. - July 10, 2009 - (RealEstateRama) — Today, the Connecticut Congressional delegation announced that the Connecticut Housing Finance Authority (CHFA) will receive $34 million from the U.S. Treasury Department from the American Recovery and Reinvestment Act (ARRA) to spur the development of affordable housing across the state. In Connecticut, fewer houses are under construction, which means job losses in the building trades and related industries. And as more people are out of a job, affordable housing is in increasing demand.

July 9, 2009 - (RealEstateRama) — State Senator Edith G. Prague (D-Columbia), Senate Chair of the legislature’s Select Committee on Aging, and Senate Majority Leader Martin M. Looney (D-New Haven) today welcomed final action on the bill that committee initiated to create a Nursing Home Bill of Rights for Connecticut. Senator Prague said Governor Rell’s signature indicates formal enactment into law

July 2, 2009 - (RealEstateRama) — Senator Chris Dodd (D-CT), the Chairman of the Senate Committee on Banking, Housing and Urban Affairs, praised the release of $26 million for affordable housing projects and programs throughout Connecticut. The funding, which was announced today by the Department of Housing and Urban Development, is made possible by the American Recovery and Reinvestment Act and will allow the Connecticut Housing Finance Authority to jumpstart affordable rental housing projects across the state while creating construction jobs.

WASHINGTON, DC - June 30, 2009 - (RealEstateRama) — Senator Joe Lieberman (ID-CT) today applauded the release of $26,170,888 for affordable housing projects and programs throughout Connecticut. The funds were released by the Department of Housing and Urban Development as a part of the American Recovery and Reinvestment Act.

WASHINGTON, D.C. - June 29, 2009 - (RealEstateRama) — Congressman Jim Himes (CT-4) last week helped pass sweeping, bipartisan energy reform that will create jobs, strengthen national security, protect Connecticut consumers, and push back the tide of global warming. President Obama’s American Clean Energy and Security Act (ACES Act) passed the United States House Friday and includes a provision written by Congressman Himes to make energy-efficient housing more affordable

June 9, 2009 - (RealEstateRama) — Governor M. Jodi Rell today announced that her plan to distribute $3.6 million in federal stimulus block grants to help small cities and towns rebuild their neighborhoods hit hardest by the foreclosure crisis will be the subject of a public hearing Wednesday at the Legislative Office Building.

STAMFORD, CT - March 12, 2009 - (RealEstateRama) — With the bad economy delaying construction, a land-use attorney is considering drafting a zoning amendment to extend how long developers have to break ground on approved projects.

February 02, 2009 - (RealEstateRama) — Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today welcomed Freddie Mac’s decision to allow renters to remain in properties that have been foreclosed on by the mortgage company.

Governor M. Jodi Rell announced today that the state of Connecticut is adding to its holdings of open space with the purchase of 134 acres of the Bogus Farm property, which is located in Bethel adjacent to the popular Collis B. Huntington State Park

CCM applauds the Appropriations Committee for a FY 2008-09 budget that includes $46 million in increases in aid for towns and cities over what had been proposed by Governor Rell in February ($26 million above the previously adopted budget).

Governor M. Jodi Rell announced today enhancements to the CT FAMLIES refinancing program to assist more homeowners caught up in the sub-prime mortgage crisis in Connecticut. The changes to the program will allow more homeowners to participate in the program and provide more direct assistance to Connecticut families facing foreclosure.