Mixed-Use Apartment Community Expected to Achieve LEED Certification

Greenbelt, MD - February 1, 2010 - (RealEstateRama) — The Bozzuto Group today announced The Fitzgerald at UB Midtown is on track to become the most sizeable LEED certified apartment community in the Baltimore area. more »

BALTIMORE, MD - January 29, 2010 - (RealEstateRama) — Attorney General Douglas F. Gansler announced today that David Young Park, 43, the former president of Capital City Financial Group in Ellicott City, entered a plea of guilty to one count of felony theft in Baltimore County Circuit Court. Judge John J. Nagel, III sentenced Park to five years in jail with all but 18 months suspended. Park was also ordered to complete five years of supervised probation and make restitution to the victim in the amount of $116,556. more »

Congressman brings homeowners, lenders together in an effort to keep Marylanders in their homes

Washington, DC - January 25, 2010 - (RealEstateRama) — Congressman Elijah E. Cummings, (MD-07) will host a Foreclosure Prevention Workshop on Saturday, February 6, 2010, at Woodlawn Senior High School in Gwynn Oak, MD. more »

Washington, D.C. - January 25, 2010 - (RealEstateRama) — Congresswoman Donna F. Edwards (D-MD) released the following statement regarding the U.S. Department of Housing and Urban Development (HUD) reclaiming over $2 million in funds from Prince George’s County because the funds were not used within the five-year deadline. more »

Washington, D.C. - January 25, 2010 - (RealEstateRama) — Congresswoman Donna F. Edwards (D-MD) today announced that Maryland will receive $6,387,721 in emergency funds for the Low-Income Home Energy Assistance Program.  In a letter to President Obama earlier this year, Congresswoman Edwards joined her colleagues in urging the President to release the emergency funding.  LIHEAP helps eligible families pay for home heating, cooling, and other energy costs, as well as helping with weatherization costs. more »

January 22, 2010 - (RealEstateRama) — It may still be winter in Northeast, but it’s not too early to be thinking about a vacation home in Ocean City. With minimum bids starting at $95,000 on luxury bayfront condominiums with original asking prices as high as $730,000, now is the perfect time to buy a premium home in Maryland’s renowned beach resort. more »

New Issue Bond Program will create opportunity to build 1,000 more affordable

BALTIMORE, MD - January 8, 2010 - (RealEstateRama) — Governor Martin O’Malley announced a  Four Point Plan for improving Maryland neighborhoods, reducing foreclosures, and making quality housing more affordable for more people. The Governor made this announcement at the annual meeting of the Maryland Affordable Housing Coalition (MAHC) in Baltimore today. more »

Judgment Entered for Nearly One Million Dollars

BALTIMORE, MD - December 16, 2009 - (RealEstateRama) — Attorney General Douglas F. Gansler announced today that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City of nearly $1 million against Rodney Spellen, Mid Atlantic Consulting, Inc., Jemel Lyles, Absoloot Ventures Inc., Brian Boyd, 1st Choice Property Management Firm, Inc., Sahar Ali, Alan Muniu, Phillip George, Certified Title & Escrow, Inc., and Reggie Simmons based on violations of Maryland laws against foreclosure rescue scams. more »

December 14, 2009 - (RealEstateRama) — Montgomery County Executive Ike Leggett’s Tenant Work Group today released the results of the first-ever survey of County tenants, a survey that highlighted concerns about rent increases and affordability. more »

Unique Agreement Supports Thousands of Maryland BRAC-related Jobs

Aberdeen, MD - December 14, 2009 - (RealEstateRama) — Congressman C.A. Dutch Ruppersberger (D-MD) today participated in a “double” groundbreaking of two buildings that will house top defense contractors, Raytheon and L-3, within Aberdeen Proving Ground. In a unique agreement known as an enhanced use lease, St. John Properties will lease land directly from the Army for “The GATE” development project and 100 percent of the lease payments will go directly to the post for infrastructure and facility improvements.Ruppersberger was joined by Harford County Executive David Craig, Aberdeen Mayor Michael Bennett, Colonel Orlando Ortiz, Aberdeen Proving Ground Garrison Commander Orlando Ortiz, as well as executives from St. John Properties, Raytheon Company and L-3 Communications. more »

Aberdeen, MD - December 11, 2009 - (RealEstateRama) — Congressman C.A. Dutch Ruppersberger (D-MD) will join executives from St. John Properties Inc., as well as business leaders and local elected officials at the groundbreaking of two commercial office buildings that will be leased to top defense contractors within Aberdeen Proving Ground. In a unique agreement known as an enhanced use lease, St. John Properties will lease land directly from the Army for “The GATE” development project and 100 percent of the lease payments will go directly to the post for infrastructure and facility improvements. The agreement is in direct support to the BRAC mission to consolidate and enhance our nation’s defense efforts. The work of the two new tenants of this project keep our nation’s defense and intelligence agencies communicating, connected and secure. Without the investment of St. John Properties and other private businesses, this BRAC transition would not be possible. more »

WASHINGTON, DC - December 10, 2009 - (RealEstateRama) — U.S. Senator Barbara A. Mikulski (D-Md.) announced today that Kent County Associates, L.P. in Kent County, Maryland, has been awarded a conditional $2.97 million loan to guarantee the rehabilitation and revitalization of affordable rental housing complexes in Fairlee and Rock Hill, Maryland. The conditional loan guarantee has been awarded through the USDA Rural Rental Housing Guaranteed Loan program. more »

Mikulski includes additional DOJ and FBI funds in CJS Appropriations Bill to track down and prosecute perpetrators of mortgage fraud

WASHINGTON, D.C. - December 10, 2009 - (RealEstateRama) — U.S. Senator Barbara A. Mikulski (D-Md.), Chairwoman of the Commerce, Justice, Science and Related Agencies (CJS) Appropriations Subcommittee, today announced a critical step forward in putting funds in the federal checkbook to track down and prosecute perpetrators of mortgage fraud. The funds are included in the CJS Appropriations Bill, which was approved by a House-Senate Conference Committee as part of Congress’ Fiscal Year 2010 Consolidated Appropriations Bill. more »

Washington, D.C. - December 9, 2009 - (RealEstateRama) — Today, Congressman John Sarbanes voted for H.R. 4213, the Tax Extenders Act of 2009, which passed by a vote of 241 to 181. The measure will directly assist working families by extending property tax relief, the college tuition deduction and the deduction for teachers who pay out of pocket for classroom expenses. more »

December 10, 2009 - (RealEstateRama) — Today, Rep. Frank Kratovil supported the Tax Extenders Act of 2009, which extends tax relief provisions for working families and businesses to help spur job growth.  The legislation will extend the R&D tax credit for nearly 11,000 businesses, provide up to 30 million homeowners with property tax relief, and provide a college tuition deduction that will make college possible for 4.5 million families. more »