Senate suggests tax breaks for ALL homebuyers
All you readers keeping track of various "please for God's sake buy something" measures will recall that right now, there's a $7,500 tax break for first-time homebuyers only.
In other housing finance news, Lorraine Mirabella reports today that Struever Bros. Eccles & Rouse -- the Baltimore developer known for revitalization projects -- is being sued by contractors and lenders alleging unpaid debts:
In a statement e-mailed yesterday, the company's chief executive and president, C. William "Bill" Struever, blamed the financial troubles, in part, on the slumping economy. But Struever declined to address reasons for missed payments on the loans or to contractors. And he did not provide details about the company's options. ...
In December, Struever Bros. put one of its trophy properties and headquarters building, the Tide Point waterfront office park in Locust Point, on the market for $102 million in hopes of generating much-needed cash. The developer is seeking a joint venture partner or outright sale of the former Procter & Gamble factory, which Struever redeveloped between 1999 and 2001 and is now 100 percent leased to sports apparel maker Under Armour and 14 other tenants.