After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden’s Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there’s hope on the horizon for the city’s recovery.
Community Hospital was given a big boost to its lofty goals.
James Pulsipher, regional manager for Fidelity Mortgage, donated $1 million for construction of a new cancer center, the Community Hospital Foundation announced in a Wednesday news release. Itâs the largest single donation Community Hospital has ever received.
The money will go toward the foundationâs $5 million capital campaign to support the construction and medical equipment for the facility.
The new oncology center will be located on the main hospital campus.
âWe were cautiously optimistic that we were going to reach that $5 million,â said Chris Thomas, CEO of Community Hospital. âWeâre hoping this is encouraging to other people wanting to help their community.â