Page 18 - Lee Brown News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Now the banks have agreed to come forward to create the mechanism to refinance their property to be able to pull out the additional funds for construction because of the loan to value ratio that is a problem and there is also the availability of doing a secondary loan to access these funds and a gamut of other options some of these buildings are considered historic and so we are working to access the funds to be able to stream line that process as well as our Public Financing component which will be a discontinuing inaudible district and it is similar to the Green Financing in the city it allo...

Again, a lot of thanks is due to the people in our code advising committee and a lot of people who have worked on this for many, many years and for some of us on the commission as long as we have been on the commission we have been talking about it. It is overdue and i am support of it as well. I am just concerned with a couple of things maybe that some of the legislators have not discussed and if they have, maybe they could let us know about it. One was we know that a lot of the buildings the main part of the construction is going to take place on the ground floor where it is mostly parking g...

Businesses and chain stores the opportunity to come in and swoop up the business that it has lost. So we are doing extensive out reach to that community sxauls it is important to note that we have put those businesses and buildings, in tier four, so we give them the longest amount to comply because we know that there are issues surrounding that so we want to make sure that they have enough time to act accordingly. Commissioner melgar. Thanks for being back here. So back to the question about the financing, so after our last earthquake we put on the ballot a reinforced mansionry buildings and i...

Are considered historic and so we are working to access the funds to be able to stream line that process as well as our Public Financing component which will be a discontinuing inaudible district and it is similar to the Green Financing in the city it allows the loans to not only be associated with the individual but with the property. If the property changes hands, the length of the loan stays with the property. Whereas it stays with the individual. The idea is that there are other options the idea being is that we want to give as many option to people as possible and have a year to vet these...

Are doing everything they can to celebrate with thanksgiving with family and friends as the winter storm eases up. Try driving through this. Snow, rain, and sleet tore up the east coast, turning the commute into an absolute nightmare. In massachusetts alone, 100 spinouts on the roadways. The airports werent better. 700 flights scraps. Thousands of flights delayed. Jennifer gray is tracking the travel chaos for us this morning. Massive winter storms from coastal rain to inland snow battering much of the east coast and parts of the midwest on the busiest travel day of the year. I am a man withou...