News

LAUDERDALE LAKES, FL--(Marketwire - 05/14/10) - In an economic climate that has left many residential developers stalled, the Broward County Housing Authority (BCHA) is moving forward on several projects.

The upcoming projects reflect a diversity of locale, building style and financing. Located in Davie, Fort Lauderdale and Hollywood, they account for nearly $45 million in development costs, 235 jobs and 241 new affordable housing units.

Bank of America Corp., one of the largest mortgage lenders in Florida, said Wednesday it will give some troubled mortgage borrowers a huge break.

This counterintuitive solution — intervening after foreclosure rather than before — is the brainchild of Boston Community Capital, a nonprofit community development financial institution, and a housing advocacy group called City Life/Vida Urbana, working with law students and professors at Harvard Law School.

As the Legislature begins looking once again at government agency trust funds to shore up crumbling state revenues, Senate budget chief J.D. Alexander has come up with a use of a trust fund that has almost everyone cheering.

Following in the footsteps of Miami-Dade County, Broward County is set to launch an online foreclosure auction system Monday, with the hope of quickly moving thousands of distressed properties.

The Florida Supreme Court on Monday ordered local judges to adopt a uniform mediation program for foreclosure cases and other interventions to deal with the tide of foreclosure cases clogging the courts. 

The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a popular $8,000 tax credit for homebuyers, despite a recent government report on extensive mistakes and suspected fraud in the program.

Join State Representative Perry Thurston and State Senator Chris Smith as they present a Foreclosure Prevention Workshop in conjunction with City of Fort Lauderdale Commissioner Bobby B. DuBose.