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LISC launches Neighborhood Revitalization Loan Fund to drive affordable rental housing development with funding...

NEW YORK, NY - October 25, 2011 - (RealEstateRama) -- The Local Initiatives Support Corporation (LISC) has leveraged a $5 million grant from the federal Capital Magnet Fund to launch the Neighborhood Revitalization Loan Fund – an affordable housing loan pool designed to stimulate the development and preservation of multifamily rental housing for low-income residents.

Morgan Stanley and National Equity Fund Expand the “Rebuilding Local Economies Fund” to States...

NEW YORK and Chicago - September 21, 2011 - (RealEstateRama) -- Morgan Stanley (NYSE: MS) and National Equity Fund (NEF) today announced that they are expanding the Rebuilding Local Economies Fund, established earlier this year, to additional states that were severely impacted by Hurricane Irene

Business Real Estate Press Releases

Coastal Millwork, Risley Padula Construction become first tenants at Blue Clay...

On Wednesday, November 19, New Hanover County’s Blue Clay Business Park officially welcomed its first occupants to the complex. Coastal Millwork Supply Co. and its sister company, Risley Padula Construction Inc., held an open house at the companies’ newly finished 68,000-square-foot facility.

Recent Gov & Nonprofit Real Estate Press Releases

Rep. Cavitt introduces flexibility plan for local parks and recreation boards

State Rep. Cam Cavitt today announced a new legislative plan to add additional layers of flexibility for governance rules that apply to local parks and recreation boards. The legislation would allow counties with populations under 100,000 to reduce the size of their parks and recreation boards from 10 members to 7, saving potentially thousands of dollars in overhead costs each year.