Illinois Gov. Rod Blagojevich has signed an executive order to develop a comprehensive plan to promote the creation of affordable housing across Illinois.The executive order identifies various "underserved" populations that the plan should focus on, including households earning less than 50% of the area median income (with an emphasis on those at or below 30%), senior citizens, people with disabilities, the homeless, and those deemed at risk of becoming homeless. A 19-member task force headed by the director of the Illinois Housing Development Authority is charged with developing the plan. "The shortage of affordable housing poses a serious threat to the well-being of communities across the state," Gov. Blagojevich said.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
July 7 -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7 -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
July 7 -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
July 7 -
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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