Industry Watch

INDUSTRY DIGEST

April 17, 2005|By FROM STAFF REPORTS

State association's excellence awards honor local builders

The Sales and Marketing Council of the Home Builders Association of Maryland has announced the 2004 Maryland Award of Excellence (MAX) winners.

The MAX program recognizes excellence in design, livability and value.

"We applaud the achievements of those in the local home building industry," said Don Sample, the group's president. "The winners epitomize the best of our efforts to provide Marylanders with an improved quality of life."

The Williamsburg Group of Columbia, headed by Chip Lundy, received three awards for single family detached houses by a large volume builder.

The winner in the townhouses $525,000 and over by a large volume builder was Grayson Homes of Ellicott City.

Three awards in the customized small volume builder category went to Ellicott City-based Hamilton Reed.

In all, 85 awards were presented in categories that included: active adult, custom, customized, multifamily, multiple product, single-family, townhouse, model home merchandising and marketing.

A full list of winners is available at www.homebuilders.org.

Baltimore living booster to hold homebuying event

Live Baltimore, a nonprofit group that promotes city living, will hold a how-to event April 26 from 6 p.m. to 8 p.m. for people interested in buying a home in Baltimore.

The free event at Roland Park Country School, 5204 Roland Ave., will include seminars about getting mortgages, renovating in the city and applying for local homeownership incentive programs. Real estate agents will be on hand to answer questions.

Registration: www.livebaltimore.com

The event is a preview of the groups semiannual Buying into Baltimore Fair on May 14. The first 50 fair participants who close on a house in the city's western region within 90 days are eligible for $3,000.

Aberdeen credit union to present free seminars

The Aberdeen Proving Ground Federal Credit Union will present two free home-buying seminars this month. On April 26, Cathy Werner of RE/MAX American Dream will discuss topics such as market analysis, qualifying for a mortgage, selecting the right loan program, what you want vs. what you can afford, negotiating and home inspections.

On April 28, Werner and Robert Brendel of Stonegate Title will discuss topics such as market analysis, costs of selling, for sale by owner, negotiating the sale and home inspections.

Both sessions begin at 6 p.m. and will be held at the APGFCU Operations Center in Edgewood, 1321 Pulaski Highway.

Information and registration: 410-272-4000 or 800-225-2555, ext. 5451.

House bill would encourage home building in poor areas

Rep. Benjamin L. Cardin, a Maryland Democrat, has introduced legislation to provide a tax credit to encourage construction and rehabilitation of homes for low -and middle-income families in economically depressed areas.

The legislation is designed to help an estimated 50,000 Americans buy homes each year.

The Renewing the Dream Tax Credit Act, HR 1549, is designed to bridge the gap between the cost of developing homes in economically distressed areas and the price at which such homes can be sold to low -and moderate-income buyers.

55-and-older community opens near Columbia mall

The Evergreens at Columbia Town Center, a luxury apartment community for residents 55 and older, has opened with more than 30 percent of the homes leased and another 5 percent reserved, the developer, RMJ Development Group, said.

The community of 156 one- and two-bedroom apartments is geared toward baby boomers seeking activities and convenience, the developer said.

Houses range in size from 650 square feet to 1,350 square feet.

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