Utah RealEstateRama

USDA Rural Housing Service Administrator Tony Hernandez today toured the homes of nine Elk Ridge, Utah, families who will soon become homeowners though their participation in USDA’s Mutual Self-Help Housing program.

Utah Housing Corporation and the Roosevelt City Housing Authority are hosting an open house for three new affordable CROWN (Credits-to-OWN) homes in Roosevelt. The CROWN program seeks to bring homeownership within the reach of lower income households while helping local governments to revitalize neighborhoods. These homes will help three households realize the dream of homeownership as they build equity with their low monthly rent payments

Utah’s U.S. Senators Orrin Hatch and Mike Lee are supporting an amendment to the Omnibus government funding bill introduced by Sen. John Barrasso (R-Wyo.) that would fully fund the Payment in Lieu of Taxes (PILT) program. The amendment, which is paid for by reducing US spending on overseas programs, would provide $421 million for PILT in Fiscal Year 2014. Local governments receive federal payments under the PILT program to help compensate for the loss of property tax revenue due to non-taxable federal lands within their boundaries

At a time when housing prices have begun to rebound and interest rates have increased from historic lows, Utah Housing Corporation has launched a new mortgage option to assist low to moderate income homebuyers by providing a product not available anywhere else.

The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a Conciliation Agreement with Primary Residential Mortgage, Inc. (PRMI), in Salt Lake City, UT, settling allegations that the lender denied a Baltimore, Maryland woman a mortgage loan because she was pregnant and on maternity leave.

Congressman Rob Bishop (R-UT) and Congressman Ron Kind (D-WI) introduced the Federal Land Asset Inventory Reform (FLAIR) Act [H.R. 916]. The bill requires the Department of Interior (DOI) to conduct an inventory of its federal real property holdings and integrate this data into the Federal Real Property Profile where the inventories will be tracked and managed

Today, Rep. Chris Stewart (UT-2), along with four other members of the Utah delegation, sent a letter to the U.S. Department of Interior Secretary, Ken Salazar, urging the Department to dispose of 5,423 acres of federal land in Utah that has been identified as suitable for disposal by the Bureau of Land Management (BLM). It has been reported that BLM is actively identifying and purchasing private property with the goal of preventing commercial activities within Garfield County.

Utah Housing Corporation and Tooele County Housing Authority are hosting an open house for four new affordable CROWN (Credits-to-OWN) homes in Grantsville and Tooele. The CROWN program seeks to bring homeownership within the reach of lowincome households while helping local governments to revitalize neighborhoods. These homes will help four lower-income households realize the dream of homeownership as they build equity with their low monthly rent payments.

Today, Congressmen Jason Chaffetz (R-UT) and Mike Quigley (D-Ill) reintroduced H.R. 328, the Excess Building and Property Disposal Act that cuts wasteful spending on excess federal property which costs taxpayers $1.67 billion annually. The bill passed the House with overwhelming bipartisan support in the 112th Congress

December 10, 2012 - (RealEstateRama) -- Cleon P. Butterfield, Senior Vice President and CFO of Utah Housing Corporation (UHC), was appointed as a Member of the Federal Home Loan Bank of Seattle’s Affordable Housing Advisory Council. Mr. Butterfield will serve a three-year term beginning January 1, 2013. The Federal Home Loan Bank of Seattle (FHLB) is a member-owned cooperative, serving 338 community financial institutions. FHLB provides its members with access to wholesale funding which they use to make home mortgages, small business, and other loans in their communities.