Wednesday, July 13, 2011

Housing News Digest, July 13

Dollar tumbles on Bernanke, euro rebounds
The dollar fell against most major currencies on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could resort to more monetary stimulus if a sluggish U.S. economy weakens further.

Realtors exit firms to bolster Cassidy Turley Fuller Real Estate in Loveland
Eight well-known Colorado Realtors have defected from their existing firms to join Cassidy Turley Fuller Real Estate in Loveland, expanding the national brokerage's reach into Northern Colorado.

TAXI fully leased
Zeppelin Development’s TAXI development in the River North, or RiNo area at the edge of downtown Denver, is now fully leased, the developer announced today.

“TAXI is now 100 percent occupied by more than 60 tenants, totaling 180,000 square feet in four buildings,” said Kyle Zeppelin, principal of the namesake firm. ”We are actively working on at least two significant new projects on the site to keep up with demand.”

Colorado gets $12 million in HUD funding
U.S. Department of Housing and Urban Development Secretary Shaun Donovan today awarded $12.09 million to Colorado public housing authorities.

The Denver Housing Authority was the single biggest recipient, getting $5.73 million of the funding, which allows agencies to make major large-scale improvements to their public housing units. The Louisville Housing Authority received the smallest amount, $18,392. All told, 44 authorities in Colorado received funding through HUD’s Capital Fund Program.

Wells Fargo lends distressed Colorado homeowners a mortgage lifeline
An event hosted by Wells Fargo Bank on Tuesday drew dozens of people seeking to rework their mortgages because of economic troubles or reduced home values.
Among those who attended the event at the Crowne Plaza Hotel near Denver International Airport were Ashly and Brandon Ditlow, who paid $300,000 for their home in New Castle in 2007.