Author Archives: ipgocorp

Industry split on FHA insurance-premium cuts

Posted on by

(RECAP: A nonbank mortgage trade association renewed calls this week for the government to cut insurance premiums on FHA loans, but the president of the nation’s largest trade group, the Mortgage Bankers Association, says that would be a terrible thought. MBA President David Stevens said FHA’s insurance fund still has not achieved a level of stability to warrant another reduction at this time. He’s also against removing a post-recession rule that requires borrowers to hold insurance for the life of the loan. Earlier this week, the Community Home Lenders Association (CHLA) sent FHA a letter, urging the agency to cut the annual insurance premiums to 55 basis points, the level it was before the agency increased premiums after the financial crisis. CHLA also wants the agency to rescind the requirement on borrowers to hold insurance until the loan is fully amortized.)

Powered by WPeMatico

Alliance strives to make Charlottesville more "age-friendly" community

Posted on by

(RECAP: Members of the recently-formed Charlottesville Area Alliance have made it their mission to make the Charlottesville region the most age-friendly community in the country. The alliance has questioned both the Charlottesville City Council and the Albemarle County Board of Supervisors to sign the World Health Organization’s commitment to being an age-friendly community. According to Jefferson Area Board for Aging’s CEO Marta Keane, in approximately eight years, 25 percent of the population in the Jefferson plotting district will be 65 years ancient or older. JABA is just one of the 13 local organizations that have come together to form the Charlottesville Area Alliance. The alliance’s goal is to make the region the most age-friendly community in the country.)

Powered by WPeMatico

Milhaus Breaks Ground on New Mixed-Use Housing and Retail Development in Pittsburgh Submarket

Posted on by

PITTSBURGH, PA – Milhaus Development broke ground on Phase One of an exciting multi-phase residential and retail development in Lawrenceville. Mayor Bill Peduto, Councilwoman Deb Yucky, and Matt Galluzzo from the Lawrenceville Corporation were among many who showed up to lend support for Arsenal 201.

“Lawrenceville is a neighborhood full of wonderful people, fantastic businesses, and strong organizations. This project has the potential to build off of all the hard work place in over the years by so many and become an integral addition to the neighborhood,” says Councilwoman Yucky.

The full development will cover the entire block from 39th to 40th Street, on the original site of Allegheny Arsenal. The site’s history played an vital role in naming “Arsenal 201”. Thomas Bost, the Vice President of Development for Milhaus clarifies, “From working closely with city officials and the community councils, it was voiced that they would like ‘Arsenal’ to remain in the name in some capacity. We paired this with ‘201’, the last three digits of the Lawrenceville zip code, to represent the unique, modern, and local Lawrenceville style.”

The first phase, eventually totaling over $100M, starts at the corner of 39th and Butler Street. It will have 243 units and 19,000 square feet of retail. Amenities include Arsenal Alley (a pedestrian walkway), Canteen Resident Lounge, Ammunition Fitness/Wellness Center, The Fort (a courtyard complete with hammocks that serves as an outdoor entertainment area) and Cannonball Deck and Pool. Arsenal Alley will connect Butler Street to a new one-acre public park and existing riverfront amenities.

Construction is estimated to be completed in phases with the first units available for prelease in the summer of 2017.

Milhaus is an award-winning, mixed-use development, construction, and property management company that specializes in Class A, urban, multifamily residential buildings. Headquartered in Indianapolis, Milhaus is comprised of inspired and industrious individuals who are passionate about revitalizing urban neighborhoods.

Powered by WPeMatico