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Source: news.yahoo.com --- 9 days ago
Residents who for weeks have been demanding New Castle County suspend or rescind a new law that provides incentives for developers to build affordable homes may be getting what they want. ... Source: news.yahoo.com --- 26 days ago
Foreclosures are nothing new, but what was once a trickle has become a geyser. ... Source: news.yahoo.com --- 34 days ago
MONTPELIER -- The former deputy commissioner of the Department of Economic Development, William Noyes of Barre, has been named the acting commissioner of Housing and Community Affairs. ... - Times Argus Staff Times Argus Staff Associated Press Times Argus Staff ... Source: blogs.abcnews.com --- 9 days ago
A new TV ad from Sen. John McCain, R-Ariz., approvingly uses a recent soundbite from former President Bill Clinton. "John McCain fought to rein in Fannie and Freddie," says the announced. "The Post says: McCain 'pushed for stronger regulation'...'while Mr.... ... Source: www.moreover.com --- 18 days ago
Lifting the aged pension could put the elderly under greater Housing stress, the federal government says. The Senate yesterday passed a Bill introduced by the federal opposition calling for an immediate $30-a-week increase the single aged pension. ... Source: www.businessweek.com --- 35 days ago
PIMCO 'Bond King' Bill Gross' monthly investment outlooks are entertaining and widely read, and today's September note might even have contributed to today's 3% drop in the stock market. Gross' thesis in a nutshell: Market conditions are very bad, and the only thing that can save us is a federal government bailout of the Housing sector. In my view, it's too early for a full-blown Housing rescue. Eventually, the government may step in to end the financial crisis with some dramatic action, but at this point (and probably for the next six months at least) the financial markets are on their own. More on my thoughts in a bit, but first a recap of the highlights of Gross' 1,900-word, market-moving opus. Gross mentions CNBC's Jim Cramer (Gross watches Mad Money !?!), and Cramer's mantra that there's always a bull market somewhere. However, Gross says, the problem right now is that those bull markets are very hard to find. "In a global financial marketplace in the process of delevering, assets that go up in price are rare diamonds as opposed to grains of sand," Gross writes. He points out that stocks, bonds and Housing prices are down an aggregate 10%. He says a decline this large -- essentially making us all 10% less wealthy -- "has never really been witnessed since the Great Depression." Because many of these assets are leveraged and margined, the more they decline, the more frequent and frenzied the margin calls, and if the additional cash ... Source: latimesblogs.latimes.com --- 14 hours ago
At the least, a John McCain television ad unveiled today will be the likely frontrunner for the year's most-jampacked-30-second-spot award. The ad starts with zinging Barack Obama over his connection to notorious Vietnam-era radical Bill Ayers, then segues (jarringly) to blaming congressional Democrats for the collapsed Housing market. It happens all in less than 50 words (not counting the required McCain approval line for the spot): The different moods emanating from the two campaigns, meanwhile, were on stark display in morning appearances by the two presidential contenders. Obama, riding front-runner status in recent national and state polls, focused on the nation's economic turmoil in remarks made in Ohio. "Now is not the time for fear. Now is not the time for panic. Now is the time for resolve and steady leadership," he said, clearly hoping voters would see him as offering those attributes. McCain, speaking in Wisconsin, began by stressing his new plan for aiding beleaguered homeowners . But he quickly launched a series of direct attacks at Obama, clearly hoping voters will judge his character superior to his rival's. He reprised a barb from earlier this week, sarcastically telling his crowd that were he ever to need guidance in being truthful to the American people, he would not seek it from a "Chicago politician" (i.e., Obama). -- Don Frederick ...
Source: www.nzherald.co.nz --- 36 days ago
A Bill giving new powers to councils to get cheaper homes built passed into law today. Sitting under urgency, MPs passed the Affordable Housing: Enabling Territorial Authorities Bill by 66 votes to 52. Under the law councils... ... Source: www.prnewswire.com --- 38 days ago
... Source: www.inman.com --- 17 days ago
Perspective: New crisis overshadows praise of recent legislation read more ...
Source: blogs.courant.com --- 22 days ago
Rep. Chris Murphy got a Bill through the House last night, which would increase spending on new affordable Housing for people with disabilities. Murphy said he was inspired by Housing issues in Connecticut to get something done nationwide. The Bill , which amends existing Housing law, gives states more of a say in supportive-Housing projects and provides incentives to combine federal dollars with state and private funds, according to Murphy's office. The freshman 5th District congressman named the Bill the Frank Melville Supportive Housing Investment Act of 2008, after a longtime supporter of such Housing from his district. Murphy has talked for months about the problem of rental Housing for non-elderly, low-income people with disabilities -- especially concerned about them being placed in Housing generally used for much older residents. The newly passed Bill would still need to find support or a counterpart in the Senate before it could become law. There are potentially only a couple of weeks left in this congressional session. ... Source: rismedia.com --- 10 days ago
By John Voket RISMEDIA, Sept. 30, 2008-In a stunning vote, the House of Representatives on Monday rejected the Bush administration's proposed $700 billion rescue of Wall Street by a vote of 228-205. Share This With a Friend ... Source: www.buffalonews.com --- 9 days ago
WASHINGTON -- The recession in the U. S. Housing market is expected to be deeper, longer and scarier if lawmakers continue to be deadlocked in their effort to pass a $700 billion bailout of the financial industry. ... Source: www.communitypub.com --- 9 days ago
The two New Castle County Councilmen representing the most southern districts of the County want to put a halt to workforce Housing developments they say are posing infrastructure issues in the communities they represent. Councilmen Bill Bell (D-Middletown) and Bill Powers (D-Townsend) said Tuesday they plan to introduce legislation in October that would put a stay on the County’s Workforce Housing Ordinance, enacted last fall. The ordinance, which gives density bonuses to developers who incorporate affordable homes into their subdivisions, has drawn the ire of many south of the canal, who are concerned their rural roads can’t handle the traffic and that their schools can’t handle more children. Bell specifically pointed to Vance Neck Road in his district, where six plans are currently working their way through the County’s land use approval process. “We need to revisit some of the incentives we’re offering and revisit some of the infrastructure issues and bring everyone to the table,” he said. But even if the stay is approved, it will not stop plans already in the pipeline. Councilman Penrose Hollins (D-Wilmington North), who spearheaded the Workforce Housing Ordinance, said he doesn’t agree with the idea of the stay, but said he would reserve final judgment until seeing the wording of the legislation. He said he was frustrated with those who are surprised by the need for more infrastructure. “We had a two-year discussion of our ... Source: metrobostonnews.com --- 1 day ago
Mayor Thomas Menino said yesterday he recalls a day when flower boxes lined the windows at Roslindale’s Washington Beech Housing development, and the child care center there was among the best in the world. ...
Source: www.gsusignal.com --- 16 days ago
On Wednesday, Aug. 27th, members of the Atlanta Home Builders Association and the Atlanta Board of Realtors gathered at the Capitol steps to support the new Housing Bill passed this past July. It will provide Atlantans with new tax credits available to first-time homebuyers-- perhaps the most applicable aspect of the new Bill to college students nationwide. ... Source: www.thecalifornian.com --- 10 days ago
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I just received a link on a message from NAR of their evaluation of the Housing Stabilzation Bill. While I am in support of the concept of rescuing the economy, I have concerns. I have heard rumors of add-on Legislation, lots of it. The Bill that was defeated yesterday started out at 3 pages and went to vote with 110 pages (of porky stuff attached?). After a 'Rescue Bill' is passed, and it appears this is the direction our esteemed gentlemen in Congress will eventually go, I would like to hear the rationalization of the representatives that tagged additional bills on the back end of this Bill. Here is the link to the NAR evaluation . Seems to me, a national election is coming up that will let us tell these servants of the people whether we think they are doing a good job or not? What say you? piggy photo from Flickr Creative Commons http://www.flickr.com/photos/rikkis_refuge/470509582/ ...
By Kevin Stein Associate Director California Reinvestment Coalition Governor Arnold Schwarzenegger today vetoed AB1830, a critical mortgage Bill that would have prevented many of the abusive mortgage lending practices that led to the state’s Housing and economic crisis. In vetoing this Bill, it appears the governor is more interested in protecting mortgage companies and brokers than protecting California’s families, neighborhoods and economy from future devastation. On behalf of California homeowners and communities, we are appalled that the Governor vetoed this Bill by Assemblymember Ted Lieu. The current financial crisis rocking the nation has its roots in some of the greedy and predatory mortgage lending practices that AB1830 sought to prohibit. Today the Governor missed a great opportunity to prevent a future foreclosure crisis in California, and homeowners and local communities will suffer the effects of this veto. The Bill would have provided strong consumer protections, including: • Holding brokers to a fiduciary duty to serve the economic interests of borrowers. • Prohibiting brokers from steering borrowers into costlier loans than they qualify for. • Capping the amount of prepayment penalties that could be charged to borrowers seeking to get out of bad loans. • Banning negative amortizing subprime loans that leave borrowers owing more money on their loans every month. The governor claims that AB1830 is unfair because it ...