A fresh month and fresh paper put municipal bonds in solid position bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Charles Clark moved to Boston’s South End when he was a young musician, just getting by. Forty years later, he lives in the same historic brownstone, even as rising wealth has pushed many people out of the neighborhood.
He’s stayed thanks to a nonprofit that’s kept a few hundred apartments like his affordable. Tenants’ Development Corp. is one of the oldest groups of its kind in the nation, protecting the rights of renters many of them families of color and seniors.
But now, TDC and its residents are facing the fight of their lives, as a Denver-based investment firm battles for control of 36 of the nonprofit’s properties. It’s a tactic Alden Torch Financial and firms like it are using to squeeze extra profits out of the federal government’s chief program for backing low-income housing, according to court cases in multiple states and interviews with more than 20 housing and legal specialists.
Ziegler Finances Spokane International Academy s Forever Home prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Is this the year Washington state starts a public bank?
A bill moving through the state Legislature could set up a public bank to address our vast infrastructure needs.
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If passed, SB 5188 will establish a public bank in Washington, which would allow municipalities across the state to deposit public funds and borrow to fund infrastructure projects, such as roads, bridges and affordable housing. (Jovelle Tamayo for Crosscut)
It’s a high-stakes year in the Washington state Legislature. If you’ve been reading the news, you’ve probably heard about proposals to provide pandemic relief, tax the rich, protect tenants from mass eviction and more. But some transformative bills have been flying mostly under the radar. One of them, Senate Bill 5188, could create a Washington state public bank.
Washington to get estimated $454M for housing relief, but it could take months to arrive By Heidi Groover, The Seattle Times
Published: March 16, 2021, 7:55am
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The $1.9 trillion federal stimulus bill that President Joe Biden signed last week includes billions of dollars to help renters and homeowners nationwide who are behind on their monthly payments.
State officials estimate Washington will get about $404 million in rental assistance and $50 million for homeowners behind on their mortgages.
But it could take several months for Washingtonians to see that money. Federal agencies still have to dole out the money to states, and state and local lawmakers have to make decisions about how to get the funding to the public.