Yearly Archives: 2009

State awards more than $22 million for affordable housing projects

OLYMPIA, WA - December 30, 2009 - (RealEstateRama) -- The Washington State Department of Commerce has awarded $22,490,000 from the Housing Trust Fund to 11 multifamily affordable housing projects in seven counties. A total of 706 units will be built or rehabilitated in Clallam, Island, Walla Walla, King, Spokane, Pierce and Snohomish counties.

Free mortgage help available at foreclosure prevention event

SEATTLE, WA - December 3, 2009 - (RealEstateRama) -- Are you struggling to pay your mortgage because of a subprime loan, a job loss or a one-time financial crisis like an illness or divorce?

Larsen Supports Extension of Homebuyer Tax Credit and Jobless Benefits

Washington, D.C. - November 5, 2009 - (RealEstateRama) -- U.S. Representative Rick Larsen (WA-02) voted today to approve a package of unemployment insurance benefits and tax credits for first-time homebuyers and businesses facing financial losses.

Clark County receives national recognition for homeless program success

Vancouver, WA - October 12, 2009 - (RealEstateRama) -- Clark County's Homeless Engagement Collaboration (CHEC) project has been awarded the 2009 National Association for County Community and Economic Development (NACCED) Award of Excellence in the category of Homeless Coordination/Assistance.

Bellingham, Seattle & King County Win Recovery Act Funds to Turn Public Housing Green

WASHINGTON, DC - September 19, 2009 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Donovan today announced that the Bellingham, Seattle and Snohomish County housing authorities have been awarded a total of $21,295,483 in Recovery Act competitive grant funds to make three housing complexes "green."

Attorney General McKenna joins honchos in mortgage fraud huddle

OLYMPIA, WA - September 17, 2009 - (RealEstateRama) -- Washington Attorney General Rob McKenna fears a rise in scam victims as struggling homeowners trying to tap legitimate payment relief programs are simultaneously solicited by charlatans.

Seattle Housing Authority Wins $10 Million HUD Grant to Expand Housing

WASHINGTON, DC - September 3, 2009 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Donovan today announced that HUD has awarded $10 million to the Seattle Housing Authority $10 million to help develop, beginning next summer. up to 118 units of rental housing in the Rainier Vista neighborhood.

Opus Northwest Delivers New City Hall to Shoreline

SHORELINE, Wash. - August 27, 2009 - (RealEstateRama) -- Design-build real estate developer Opus Northwest, L.L.C. together with architectural partner LMN Architects, today announced completion of the first phase of the City of Shoreline’s $33 million, 67,000-square-foot City Hall and Civic Center, and the turnover of the city hall building.

McKenna co-chairs effort to unite state and federal authorities against mortgage scams

OLYMPIA, WA - August 24, 2009 - (RealEstateRama) -- Mortgage scammers and others seeking to prey on homeowners had better watch their backs. Attorney General Rob McKenna and Iowa Attorney General Tom Miller are co-chairing a new State-Federal Task Force on Mortgage Enforcement which is an unprecedented partnership to target fraudsters.

Mayor announces funding for homeless prevention and ‘re-housing’

SEATTLE, WA - August 20, 2009 - (RealEstateRama) -- Mayor Greg Nickels today announced the city of Seattle is awarding $4.3 million in federal and local funding to 10 agencies (for 13 programs) to prevent more than 1,600 low-income households from becoming homeless over the next two years.

DFI Applauds The FHA’s Efforts To Assist Homeowners Facing Foreclosure In Obtaining Loan Modifications

OLYMPIA, WA - August 5, 2009 - (RealEstateRama) -- “I am encouraged by recent steps taken by the Federal Housing Administration to meet the needs of homeowners struggling to keep their homes,” Washington State Department of Financial Institutions Director Scott Jarvis said today.

Justice Department Obtains $35,000 in Disability-Based Housing Discrimination Settlement with Apartment Complex in Longview,...

WASHINGTON, DC - August 4, 2009 - (RealEstateRama) -- The Justice Department today announced an agreement with the former owners and managers of Valley View Apartments in Longview, Wash., to settle allegations that they violated the Fair Housing Act by intentionally discriminating against an individual with a disability.

Mayor announces $8 million for senior and workforce housing

SEATTLE, WA - July 22, 2009 - (RealEstateRama) -- Mayor Greg Nickels today announced $8.1 million in funding awards to rehabilitate and preserve nearly 200 units of housing for low-income seniors and to build 70 units of housing affordable to working individuals and families. The projects are funded by the Seattle Housing Levy and the American Recovery and Reinvestment Act.

Money available for foreclosed Countrywide borrowers

SEATTLE, WA - July 23, 2009 - (RealEstateRama) -- Nearly 1,000 Washington residents who lost their homes to foreclosure are a step closer to receiving some money to ease their pain, Attorney General Rob McKenna announced today.

Free workshop to help homeowners avoid foreclosure

SEATTLE, WA - July 21, 2009 - (RealEstateRama) -- Mayor Greg Nickels invites homeowners who may be having trouble paying their mortgages to attend a free workshop where they can get assistance from lenders and counselors to help avoid foreclosure.

Seattle ranks number one as green city

SEATTLE, WA - July 20, 2009 - (RealEstateRama) -- The city of Seattle is the No. 1 large city for environmental stewardship and sustainability, according to a new "Smarter Cities" survey released by the Smarter Cities Project of the Natural Resources Defense Council (NRDC).

HUD approves $23 million deal to construct 25-bed replacement hospital in Grand Coulee, Washington

WASHINGTON, DC - July 17, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Coulee Community Hospital in Grand Coulee, Washington to construct a new 25-bed hospital to replace an existing 47-year-old facility and fund renovation of an associated clinic.

State, federal sweep slams loan-mod scams

SEATTLE, WA - July 15, 2009 - (RealEstateRama) -- In the aftermath of the mortgage industry shakedown, a new type of bottom-feeder is chomping at homeowners struggling to keep up with their loan payments.

Gov. Gregoire announces nearly $30 million in recovery funds to weatherize low-income homes

OLYMPIA, WA - July 13, 2009 - (RealEstateRama) -- Gov. Chris Gregoire today announced Washington state received the green light from federal officials to distribute nearly $30 million in stimulus money for weatherizing low-income homes through the Washington State Department of Community, Trade and Economic Development.

Seattle developer, Othello Partners, together with USAA Real Estate Company brings transit-oriented living to...

Seattle, WA - June 24, 2009 - (RealEstateRama) -- Despite the economic downturn stalling numerous development projects around Puget Sound and throughout the country, one developer—Seattle-based Othello Partners—will move forward in breaking ground on The Station at Othello Park, 420,000-square-foot mixed-use project in south Seattle’s Othello neighborhood.

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KCHA spearheads successful effort to preserve nine subdized apartment complexes in...

WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- When a portfolio of nine privately owned Section 8-assisted housing complexes located in five counties scattered across Washington state was offered for sale last spring, the King County Housing Authority spearheaded a collaborative effort to purchase it. The housing authorities of Bremerton, Grays Harbor County, Yakima, and Chelan County and the City of Wenatchee participated in assuring the preservation of a total of 337 homes within the various communities.

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Calmwater Capital Originates $7.6 Million Loan for WSU Student Housing

Calmwater Capital, a leading national direct real estate lender, has provided $7.6 million in senior debt to Nelson Brothers Professional Real Estate, LLC to acquire and upgrade a student housing complex near Washington State University. The 184-bed property, known as College Crest Apartments, is located at 1555 NE Merman Drive in Pullman, Washington.