Addressing the Widening Housing Gap

first_imgHome / Daily Dose / Addressing the Widening Housing Gap The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago HOUSING 2020-06-10 Seth Welborn Tagged with: HOUSING Related Articles Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe June 10, 2020 1,226 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The COVID-19 has widened the housing gap, the Brookings Institute reports, as cost-burdened households are at higher risk of contracting the virus. According to the report, housing costs “are a major financial stressor for low-income households, who typically devote between a third and a half of their incomes to housing. Cost-burdened households are at risk of losing their homes to eviction or foreclosure, especially during economic downturns. These households are also unable to accumulate savings that could help them weather temporary income losses like so many have seen during the pandemic.”In order to avoid future struggles, Brookings researchers propose increasing access to affordable housing, whether through increasing the supply of long-term affordable rental housing or by supporting affordable housing projects.The report notes that, in response to foreclosure risks, the federal government created the Neighborhood Stabilization Program (NSP) to mitigate the impact of concentrated foreclosures in low-income neighborhoods during the 2007-2009 housing crisis. HUD allocated nearly $7 billion over three rounds of funding to local and state governments and nonprofit organizations. Funds could be spent on various activities intended to reclaim and reutilize vacant properties; in practice, most grantees used NSP funds either to acquire and rehabilitate properties or demolish vacant structures. The program initially targeted single-family homes, which accounted for most foreclosures.Researchers from the Urban Institute also indicated that prices for low-priced homes have appreciated faster than higher-priced homes.As low-price home prices rise, would-be homebuyers with low incomes have trouble finding affordable homes, so they remain in the rental market, drive up rents, and increase the demand for and price of rental properties, Urban notes. As a result, the cost for both owning and renting has gone up substantially for low-income households, while their income growth has not kept pace with that of high-income households.“A closer look at 285 metropolitan statistical areas (MSAs) suggests that rapid employment growth combined with increased supply constraints from zoning and other regulations contributed to this disproportionate price growth for low-price homes,” said Urban researchers. “If left unaddressed, these same supply constraints will hamper the ability of low-income households to prosper as we emerge from the crisis and will exacerbate income inequality.” in Daily Dose, Featured, Foreclosure, News Previous: CFPB Issues CARES Act Forbearance Guidance Next: Preparing for the Future of Foreclosure Litigation The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Addressing the Widening Housing Gap Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welbornlast_img read more

"Addressing the Widening Housing Gap"

Elmo goes to Harvard

first_imgIt could be argued that nobody is more universally beloved by young children than loveable, furry monster Elmo. And that love extends way beyond Sesame Street, which was evident on Elmo’s recent trip to Jordan to visit with Syrian refugees.“We got to visit a school, and read books, and meet lots of new friends!” says Elmo. And Elmo’s new friends were equally thrilled to meet him. “There was nothing better than seeing children light up when they met Elmo,” says Sherrie Westin, executive vice president of global impact and philanthropy at Sesame Workshop, who accompanied Elmo on the trip.Sesame Workshop and the International Rescue Committee (IRC) were recently awarded the MacArthur Foundation’s 100&Change  grant for their proposal to bring early education to refugee children. Their goal is to develop a program, similar to some run by Sesame in the United States, says Westin, that will partner with direct service providers to reach caregivers and give them the tools and strategies to build resilience in these displaced children.“What a child needs to overcome stress and trauma is the same whether it’s in the Middle East or here at home,” says Westin. “What’s so important is that nurturing care and an engagement with a caring adult. Believe it or not, that’s where Sesame comes in so beautifully, because we are engaging to adults as well as children — and we are less intimidating.”To listen to the podcast with Elmo and Associate Professor Sarah Dryden-Peterson, visit the EdCast website. Read Full Storylast_img read more

"Elmo goes to Harvard"

Unrealistically high tourism growth rates are a thing of the past

first_img“CNTB figures say that in the first six months, Croatia recorded 6,8 million arrivals (+6 percent) and 26,2 million overnight stays (+3 percent). This is an excellent result given the challenging tourist year and the recovery of our competitive markets and points to the strengthening of the tourist offer in the pre-season periods, ” pointed out the Vice President of the Croatian Chamber of Commerce for Agriculture and Tourism Dragan Kovačević. Igor Borojević, Head of the CNTB Market Strategy Department / Photo: HGK “The number of beds has increased by 4 percent, primarily in private accommodation, and occupancy rates are relatively low. In the last three years, we have received 165.000 new beds, of which 154.000 are private, while we have grown very modestly in hotel accommodation. Despite that, hotels were the carriers of tourist traffic in the first half of the year with 50 percent of arrivals and 39 percent of overnight stays. “, said Borojevic, noting that 2/3 of our main emitting markets have grown.  High growth rates have been achieved with some as well long haul markets such as the US (13,7 percent), China (41 percent) and Taiwan (53 percent). Distant markets collectively in the first half of the year have a share of 20 percent in total arrivals and 10 percent in overnight stays, and over 80 new airlines have contributed to this. Istria, Kvarner and Split-Dalmatia County are the leading destinations, while Dubrovnik, Rovinj and Zagreb are the most visited cities.  “After several years of growth at unrealistically high rates caused by external factors, there is a slight stagnation, and probably a decline that will be most felt in private accommodation, although the CNTB data for the first six months show the opposite. We have to prepare well for new circumstances and be ready to fight for every guest “, pointed out the president of TPV HGK Franco Palma.  Barbara Mesić, Chief Advisor to the Minister of Tourism, presented the project of special benefits “A week worth vacation” of the Ministry of Tourism and CNTB, which is intended for domestic tourists. As part of the project, all visitors and tourists would be offered the best prices on all tourist offers in the period from 18 to 27 October 2019, and all tourist entities can join the action. “Our goal is to create a Croatian ferragosto”, Said Mesic. Barbara Mesić, Chief Advisor to the Minister of Tourism: Our goal is to create a Croatian ferragostocenter_img Caterers have a drop in guests and traffic, so again they are crying out for a reduction in VAT, and the least oscillations should have camps where the return of Turkey and Greece is not a direct competition.  According to the experience of the profession from the field, in addition to private accommodation, the decline is most felt in the charter, which in the last three months offers big discounts to sell off boats. Hotels, especially those of a higher category, should continue to grow slightly, although our prices are 10 to 30 percent higher than in Spain or Greece, which could hit us in the future. Igor Borojević, Head of the CNTB Market Strategy Service, emphasized that these figures represent only a third of arrivals, ie a quarter of overnight stays, and July and August, in which we achieve half of the annual indicators, will be crucial for assessing the entire season.  A session of the Tourist Business Council (TPV) of the Croatian Chamber of Commerce was held at the Croatian Chamber of Commerce, at which the current course of the tourist season and expectations until the end of 2019 were discussed, and the Worthy Holiday Week project was presented.  Find out more about the “Vacation Week Worthy” project in the attachment.last_img read more

"Unrealistically high tourism growth rates are a thing of the past"

FDA Alert: Abbott Labs Rapid Test Possibly “Inaccurate”

first_imgAbbott Labs is pushing back on claims its 15-minute rapid tests for COVID-19 are inaccurate. The FDA is now investigating and has issued a warning. The F-D-A issued an alert stating that about a third to nearly half of people tested who have the coronavirus come back negative with the rapid test. In a statement Abbott Labs decries the NYU study claiming the rapid tests, touted by the White House which has recently had an outbreak of cases are falsely clearing patients of infection. The alert comes before the study has undergone peer review. Abbott said in a statement that its results could be missing up to half of positive cases. The company refuted the New York University study. The company points to a Washington state in a test of 1000 subjects 91% of positive tests were correct and 100% of negative tests were correct. Abbott says while the ID NOW test isn’t perfect it’s delivering reliable results, and is an “important tool” to help reduce the risk of people contracting the viruslast_img read more

"FDA Alert: Abbott Labs Rapid Test Possibly “Inaccurate”"

Child Porn Charges For School Worker

first_img– By John Burton Middletown resident James Paroline, who had worked at two area private schools, remains in federal custody for what federal law enforcement authorities are alleging was inappropriate contact with minor children and for possessing child pornography on his home computer.Paroline, 26, was scheduled for a bail hearing in federal court in Trenton on July 9. But that appearance was adjourned and no new date has yet been set and Paroline continues to be incarcerated, according to William Skaggs, a spokesman for the U.S. Attorney’s Office.FBI agents executed a search warrant on July 7, confiscating Paroline’s home desktop computer. Investigators determined that on Feb. 26, March 1 and March 2 Paroline allegedly accessed a website and downloaded to his computer material showing prepubescent minors, some of the material showing those as young as infancy to 5, engaged in sexually explicit acts.During an interview with investigators on July 7, having waived his Miranda rights, authorities alleged Paroline admitted while working at the schools he “inappropriately touched minor children,” according to the criminal complaint.Paroline is represented by Andrea Bergman, an assistant federal public defender in Trenton, who did not return calls seeking comment.Federal Authorities in a criminal complaint said Paroline had been working as an assistant at a nursery school and as a summer camp counselor at a private school, both located in Monmouth County. Subsequently, representatives from each of the facilities acknowledged the nursery school is A Child’s Place, Lincroft, and the private school is the Ranney School, an independent pre-K-12 school in Tinton Falls.“We are shocked, upset and disheartened by the charges,” said John Griffith, Ranney’s head of school. Paroline had worked as a sports specialist at the school’s summer camp for the 2013, 2014 and 2015 summers. Prior to that he had worked as a junior camp counselor going back to 2005.Paroline had worked at A Child’s Place for the last two summers.Both facilities fired Paroline upon his July 7 arrest.“We are devastated,” Linda Littenberg, A Child’s Place’s owner, said. “…[W]e cannot express more strongly how shocked, outraged, and concerned we are about this situation.”Littenberg said A Child’s Place employees are cooperating fully with the FBI in its investigation.“Our paramount concern right now is for the children and their families,” Littenberg continued, saying the school has engaged a team of licensed child abuse specialists, “and we are working with our parents to keep them abreast of the situation.”Ranney does “extensive” background checks on all camp staff members are 18 or older, conducted by National Background Investigation, a nationwide company, according to Griffith.Ranney representatives’ “primary concern” is working with authorities during their investigation and “to focus on the safety and well-being” of summer camp participants and their families, Paroline said.Over the course of Paroline’s career, Griffith added, “there was never a complaint about him” and “he had no record of wrongdoing to our knowledge.last_img read more

"Child Porn Charges For School Worker"

India-Africa network to boost trade

first_img26 July 2011 The India-Africa Business Network, launched at the Gordon Institute of Business in Johannesburg last week, is set to boost trade and open new business and investment channels between India and South Africa. Speaking at the launch, Trade and Industry Minister Rob Davies said South African trade with fellow members of the BRICS grouping were expanding, while those with the country’s “traditional” trading partners of the West were increasing at a slower rate. “No longer is the African continent confined to the old powers that we used to know, we now have broader participants.” South Africa’s trade with India had doubled in the past five years, Davies said, taking total trade between the two countries to R42.9-billion, and making India SA’s 6th largest destination for exports and 9th largest source of imports. According to Inter Press Service (IPS), the India-Africa Business Network will be run out of the Gordon Institute of Business’ newly formed Centre for Dynamic Markets and will complement existing networks such as the India-Brazil-South Africa Dialogue Forum (Ibsa) and the India and South Africa CEOs forum co-chaired by Indian industrialist Ratan Tata and Patrice Motsepe, executive chairman of Africa Rainbow Minerals. The network’s founder and director, Abdullah Verachia, told IPS that the network would function as a “knowledge hub for India-Africa commerce”, promoting exchange between business leaders and educational institutions in both countries. “There are incredible opportunities for South African businesses in India, which has a population in excess of one-billion,” Verachia said. “The two countries are also on the first tier of emerging market economies and both face similar challenges of poverty and inequality.” India would be spending in the region of US$1.8-trillion on infrastructure over the next 10 years, “a great opportunity” for South African companies, Verachia added. Davies called on South African and Indian businesses to identify areas of “complementarity” and build on those, rather than focusing on competition. Also speaking at the launch, FirstRand CEO Sizwe Nxasana said India was “all about entrepreneurs”, and that opportunities in that country cut across a number of sectors, including infrastructure, energy and mining. India had challenges like any other country, Nxasana said, adding: “If you look at these [challenges] as barriers, then you’ll never do any business in India.” SAinfo reporterlast_img read more

"India-Africa network to boost trade"

Ohio Cattlemen’s Association to host beef industry update meetings

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The planning for the new OCA Beef Industry Update Meeting series is well underway for the months of June through October. OCA Allied Industry Council member, Multimin USA, is the title sponsor of the meetings that will be hosted around the state. Their sponsorship will provide a steak dinner to all of the attendees at the meetings.The program outline for each meeting will have a veterinarian discussion for the first half of the meeting followed by a complimentary beef dinner and concluding with an OCA membership, event and policy update.Dates for upcoming meetings:Tuesday, June 30 — Columbiana, Mahoning and Trumbull Counties, American Legion in Leetonia, 540 Main Street, Leetonia, OH 44431 at 6 p.m.Wednesday, August 19 — Shelby CountyThursday, August 20 — Athens, Meigs and Washington CountiesTuesday, September 8 — Carroll CountyThursday, September 10 — Knox CountyMonday, October 5 — Morgan CountyContact Stephanie Sindel at 614-873-6736 or email [email protected] for more information about the industry update meetings. The OCA website will be updated with more information as it becomes available.The Beef Industry Updates are sponsored by Multimin USA.last_img read more

"Ohio Cattlemen’s Association to host beef industry update meetings"

Harper declares new day in relationship with First Nations

first_imgMORE TO COMEAPTN National NewsOTTAWA–While Prime Minister Stephen Harper declared a “new day” had dawned on the relationship between Canada and its Indigenous population, he offered no grand pronouncements in his speech to First Nations chiefs during the opening of the Crown-First Nations Gathering in Ottawa Tuesday.After the drums died and sweet grass smoke drifted to the ceiling of Victoria Hall in the Diefenbaker building, Harper took the podium and told chiefs in the room and those watching on screens at the Chateau Laurier a few blocks away, that the days of mistrust had passed and a new relationship had dawned.“In past conversations, we have talked about symbolism and respect and trust. Certainly in the past lack of trust on both sides has held us back,” said Harper. “But this is a new day.”Harper said Canada’s relationship with First Nations had been tainted by events like the Indian residential school system which was “an explicit attempt to destroy Aboriginal culture.” The prime minister said one of his “most rewarding days in office” was when he delivered the government’s apology for residential schools in the House of Commons in 2008.“Every relationship has its ups and downs, moments of consensus and of disagreement,” said Harper. “I believe it is important to build a narrative of any relationship based on its highest points.”The treaties, the Royal Proclamation of 1763, which forms the basis of Aboriginal rights in the Constitution and the courts, and the War of 1812 that saw First Nations ally with the British.Harper, however, stuck to the theme he had developed in media interviews in the run-up to the gathering saying that his government was focused on incremental steps, not grand leaps.Harper said his government had no plans to scrap the Indian Act, choosing instead to find “creative ways” to work within and outside the over 100 year-old legislation.“Our government has no grand scheme to repeal or unilaterally re-write the Indian Act. After 136 years, that tree has deep roots. Blowing up the stump would just leave a big hole,” said Harper. “However, there are ways, creative ways, collaborative ways, ways that involve consultation between our government, the provinces and First Nations leadership and communities. Ways that provide options within the Act, or outside of it, for practical, incremental and real change.”Harper said his government would continue with the so-called Joint Action Plan with the Assembly of First Nations which targets education, economic development, accountability and treaty relationships.“We have only just begun,” said Harper.Harper also recited some of his government’s actions on First Nations issues, but remained silent on calls by many chiefs for the federal government to commit to a series of first ministers meetings or high-level discussions to deal with the dire poverty and uncertainty around Aboriginal and treaty rights for good.Many chiefs were hoping Harper would use his speech to respond to some of the issues they presented personally to him during a meeting Monday with a delegation of First Nations leaders.Many believed that Harper’s speech would essentially determine whether Tuesday’s ceremonies and discussions would lead to a momentous shift in the current state of relations between Canada and Indigenous peoples.Harper himself said he hoped the meeting would be “historic” when he announced the event in December while in his Parliament Hill office with Assembly of First Nations National Chief Shawn Atleo by his side.The announcement came just as the political fallout over the Attawapiskat crisis was reaching its climax.last_img read more

"Harper declares new day in relationship with First Nations"

Research firm touts Newfoundland and Labrador seaweed as cancer inhibitor

first_imgST. JOHN’S, N.L. – A cancer researcher says he’s cautiously optimistic about an East Coast ocean technology company’s apparent discovery of properties in seaweed off Newfoundland and Labrador that inhibit the growth of breast cancer cells, but warns the company still faces many hurdles.Oceans Ltd. announced Wednesday it has been studying the seaweed’s potential commercialization in pharmaceutical products for seven years, and has sampled about 70 seaweed species in Newfoundland and Labrador’s coastal waters.It said studies that used an extract from the seaweed on mice have “conclusively” demonstrated effectiveness in inhibiting the growth of breast cancer cells.Dr. David Hoskin, a professor of pathology at Dalhousie University who was not involved with the company or its research, said the product appears promising, but added there have been many natural products that have inhibited growth of human cancer in mice.“To the best of my knowledge, none of them have made it to the clinic,” said Hoskin, who researches natural products for treatment of breast cancer.“I tell my students, ‘I guarantee if you bring me a mouse with cancer, I can cure it.’ It’s pretty easy to cure cancer in a mouse. In a human, that’s a whole new ball game. That’s where a lot of the disappointments in the development of new cancer treatments have arisen from.”Oceans Ltd. president and CEO Judith Bobbitt said Wednesday its unique molecule has already undergone laboratory and animal testing at the National Research Council Canada, in accordance with Ottawa’s drug protocol.She said there are patents pending, and the company is now looking to partner with pharmaceutical companies to fund further research.“This is significant,” said Bobbitt in an interview. “It’s a novel molecule we found in a natural environment that nobody knew existed.”Hoskin said Oceans Ltd. will have to convince a company that its product is more effective and more economical than anything else the company has coming down the pipeline, and get it to agree to fund extensive clinical trials.“The only entities with deep enough pockets to fund those trials are big pharmaceutical companies,” said Hoskin, who is also the endowed chair in breast cancer research at the Canadian Breast Cancer Foundation-Atlantic Region.Oceans Ltd. said following treatment, the mice showed no obvious abnormalities related to metastasis, including in internal organs with high potential for metastasis such as livers, lungs, axillary lymph nodes and diaphragms.It said the molecule structure has been dubbed GorgonaDosi, and it is now being synthesized in a research lab for pharmaceutical development.Bobbitt said the molecule comes from a rare species of cold-water seaweed, and because Oceans Ltd. has defined the molecular structure, it is now able to make the seaweed synthetically.Oceans Ltd. has not yet shared the research with medical journals, as patents are pending.Hoskin said he hopes the research is submitted at some point so its scientific validity can be assessed.“Obviously a company has a vested interest in putting the best possible spin on the potential product,” he said.Newfoundland and Labrador’s Minister of Tourism, Culture, Industry and Innovation Christopher Mitchelmore was on hand for the company’s press conference Wednesday, and praised the initiative.Oceans Ltd. is comprised of meteorologists, physical oceanographers, biologists, biochemists, chemists, and engineers who investigate the marine environment and its applications, with offices in Halifax and St. John’s.(The Canadian Press, VOCM)last_img read more

"Research firm touts Newfoundland and Labrador seaweed as cancer inhibitor"

Las Vegas approves change to shortterm rental regulations

first_imgLAS VEGAS — Officials in Las Vegas approved an ordinance change Wednesday to require homeowners to remain at their property whenever they choose to rent it out for brief periods, including through home-sharing platforms like Airbnb.The change to short-term rental properties only applies to residential homes, not to apartments in high-rise buildings. It is the latest effort from the Las Vegas City Council to crack down on an industry that has raised safety, noise and other concerns among residents and officials.The approval came after dozens of short-term rental operators, their supporters and critics spoke before council members. Those against the measure spoke about property rights and the economic benefits of the rental properties, while those in favour brought up their effect on affordable housing options and safety problems.The new requirement calls on the homeowner to be at the property throughout the rental period, except to go to work or run typical personal or household errands.Mayor Carolyn Goodman during the discussion pointed out that some of the troubled short-term rental properties are owned by people who do not live in the city or southern Nevada and neglect to monitor those who rent it.“This is a beginning, this is not a fight, but it is a protection of the rights of anybody who calls Las Vegas, the city of Las Vegas, home,” she said explaining her vote in favour of the measure.Short-term rental properties are already required to obtain a license, be 660 feet away from each other and not have more than three bedrooms. Properties already licensed won’t be affected by the change that will go into effect next week.Las Vegas drew 42.2 million visitors last year. Unincorporated Clark County, which includes properties near the Las Vegas Strip, does not allow short-term rentals in residential areas.Figures released by Airbnb in January show that 500,000 people stayed at properties in Las Vegas rented through the platform in 2017. The company reported Las Vegas hosts’ income at $63 million that ‘same year.“While cities around the world are embracing the economic benefits of short-term rentals, the City Council has doubled-down on onerous regulations, and added further restrictions,” the company said in a statement. “This vote is a disappointing blow to Las Vegas hosts who rely on short-term rentals to support their families and will hurt the local economy.”Regina Garcia Cano, The Associated Presslast_img read more

"Las Vegas approves change to shortterm rental regulations"