Archive for the ‘home’ tag
Daily equity news
“Road Home program amended to assist owners of homes of modest value,” - The Times-Picayune
U.S. Department of Housing and Urban Development Secretary Shaun Donovan came to town carrying a letter that could help thousands of area homeowners finally finish their renovations.
The letter, which Donovan gave on Thursday to Louisiana Recovery Authority head Paul Rainwater, approved a change to the Road Home program that could distribute $600 million in leftover program money, giving up to $34,000 in extra grant money to as many as 19,000 low- to moderate-income homeowners, Rainwater said.
“States eager to power up electric car-battery industry,” - USA TODAY
DETROIT — The U.S. government has made it clear that developing a domestic auto-battery industry — for advanced batteries to power next-generation electric cars — is a priority. That has states scrambling to be sure they get a piece of the action.
This week, business leaders, politicians and entrepreneurs will gather in Detroit at a conference called “The Business of Plugging In” to discuss the future of plug-in electrics and plan how to attract and develop businesses involved in plug-in vehicle development.
“Public option gains support,” - Washington Post
A new Washington Post-ABC News poll shows that support for a government-run health-care plan to compete with private insurers has rebounded from its summertime lows and wins clear majority support from the public.
Americans remain sharply divided about the overall packages moving closer to votes in Congress and President Obama’s leadership on the issue, reflecting the partisan battle that has raged for months over the administration’s top legislative priority. But sizable majorities back two key and controversial provisions: both the so-called public option and a new mandate that would require all Americans to carry health insurance.
This week’s update on equity news.
“Administration to Reveal Plans for Katrina Housing Transition,” - Washington Post
The Obama administration will announce plans today to virtually give away roughly 1,800 mobile homes to 3,400 families displaced by Hurricane Katrina who are living in government-provided housing along the Gulf Coast, officials said.
The administration also will make available $50 million in rental vouchers to income-eligible trailer occupants who move to targeted housing projects, and take over from Louisiana the job of helping residents find permanent homes, said a senior White House official, speaking on the condition of anonymity before the formal announcement.
“Measure would help promote groceries in ‘food deserts’,” - Chicago Tribune
The effort to bring more grocery stores to low-income areas–so-called “food deserts”–would receive a shot in the arm from legislation passed this week by the Illinois General Assembly.
The $3.1 billion public spending bill passed Monday includes $10 million for the Illinois Fresh Food Fund, money that would go to urban and rural neighborhoods with reduced access to healthier foods because they’re underserved by supermarkets.
“States, Nonprofits Jockey for ‘Weatherizing’ Funds,” - The Wall Street Journal
HOUSTON — President Barack Obama wants to make a million houses a year more energy efficient as part of his goal to create thousands of “green” jobs and reduce U.S. carbon emissions.
But the administration’s push to expand an obscure antipoverty program into a centerpiece of that initiative is stirring debate over the best way to use a flash flood of federal stimulus dollars.
A recap of this week’s equity news.
“8,800 Road Home properties to return to private hands, ” - Times Picayune
Actor Wendell Pierce and trumpeter Terence Blanchard have come back to their old neighborhood, Pontchartrain Park, and are poised to take over one of every nine properties there — so they can build and sell affordable homes,
On Monday, the New Orleans Redevelopment Authority will vote on an agreement to transfer 114 abandoned and vacant properties to Pierce and Blanchard’s Pontchartrain Park Community Development Corp. It’s a big moment for the star of HBO’s cop drama “The Wire,” the Grammy-winning musician and some of their childhood buddies and fellow investors, who want to return New Orleans’ first middle-class black subdivision to its pre-Katrina glory.
“Homeless numbers ‘alarming’,” - USA Today
More families with children are becoming homeless as they face mounting economic pressures, including mortgage foreclosures, according to a USA TODAY survey of a dozen of the largest cities in the nation.
Local authorities say the number of families seeking help has risen in Atlanta, Boston, Denver, Minneapolis, New York, Phoenix, Portland, Seattle and Washington.
“ACORN fights back,” - San Francisco Chronicle
In the midst of the predictable partisan exaggerations, distortions and occasional lies that close election races generate, ACORN has become the focus of an extraordinary amount of attention over our voter-registration program. We submitted nearly 40,000 voter registration applications in San Diego and throughout California, and 1.3 million nationwide. In communities across the country, anxiety about the direction of our country, and more specifically our economy, is driving much of the interest in this year’s presidential election. Voter turnout is expected to be of historic proportions. What is surprising is that these attacks, issued from partisan sources, have become relentless, and wildly exaggerated. We’ve even been accused by some Republicans of causing the global economic crisis.
The truth, plain and simple, is that no illegal votes will be cast as a consequence of ACORN’s voter-registration program. In fact, illegal votes constitute fewer than 1 out of a million votes cast, and no illegal vote has ever been tied to ACORN, in spite of the almost 2 million registrations we submitted in 2004 and 2006. The small percentage of problematic cards that we have submitted to local election boards in 2008 - and that we are required by law to submit, even cards that we can plainly see are invalid - will not result in any illegal voting, contrary to over-the-top partisan claims. The irony in these attacks is that our registration drive and get-out-the-vote program is nonpartisan.