first_img SHARE Email Facebook Twitter August 13, 2020 Governor Wolf Announces Funding for Affordable Rental Housingcenter_img Economy,  Press Release Today’s Funding Will Add Another 1,785 Affordable Rental Units in Pa. Governor Tom Wolf today announced awards totaling $42 million in Low Income Housing Tax Credits, $6.08 million in PennHOMES funding, and $12.6 million in National Housing Trust Funds for the construction of 36 affordable multifamily housing developments in Pennsylvania. The federal tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board.“These investments in housing benefit everyone because communities need housing for people at all income levels if they are to stay vibrant and growing,” said Gov. Wolf. “Demand is high for these tax credits because they make possible the construction of affordable rental housing that otherwise wouldn’t be financially feasible.”When completed, the developments receiving funding today will preserve and create an additional 1,785 rental units for Pennsylvania residents, including 70 for people at or below 30 percent of the area median income supported by the National Housing Trust Funds.“Low Income Housing Tax Credits are essential because they draw on public-private partnerships to achieve the construction of affordable rental housing that might otherwise never be built,” said PHFA Executive Director and CEO Robin Wiessmann. “The allocation of this funding reflects our commitment to address the affordable housing crisis, and the public-private investments that are being made will provide a stimulus to Pennsylvania’s economy.”The 36 multifamily housing proposals that are being awarded tax credits today can be viewed on the PHFA website at: https://www.phfa.org/mhp/; see the last item listed under “News: 2020” and dated 08/13.Ver esta página en español.last_img read more

first_img“Last spring, NN indicated that it would prefer to place our administration with its subsidiary AZL, but we declined,” said Schuil. “As a result of the tendering process, we had specifically opted for DLPS rather than AZL.”Schuil said DLPS had more modern systems, adding that the scheme was also impressed by the provider’s communication systems and portals.Besided Delta Lloyd’s own pension fund and its new general pension fund Delta Lloyd APF, Houtverwerkende Industrie is the first and only external client of DLPS. The company emphasised that it was open to new clients.DLPS is to replace Syntrus Achmea Pensioenbeheer following the latter’s decision to stop servicing mandatory industry-wide pension funds, as its new IT system could not cope with their arrangements.According to the scheme’s chair, it is still possible that the pension fund will have to transfer its administration to AZL in 2020. In this case the new merger company NN-Delta Lloyd would carry all costs.Last spring, Houtverwerkende Industrie also signed a letter of intent with Delta Lloyd Asset Management, which is to replace Achmea Investment Management.A spokesman for NN said that investors would receive clarity about the integration plans of NN and Delta Lloyd at the end of November.VLEP to outsource administration to AZLIn contrast, the €2.5bn pension fund for the cold meat sector (VLEP) has chosen NN subsidiary AZL to be its pensions administrator. VLEP is another of the 22 schemes affected by Syntrus Achmea’s exit from mandatory sector scheme provision.In addition, the scheme said it had selected Woerden-based pensions consultancy Actor to provide support to its board, effective from 1 September.The pension scheme said it wanted to separate its pensions provision and board support, both of which had been implemented by Syntrus Achmea.VLEP has approximately 23,000 participants and pensioners affiliated with almost a thousand employers.For a full review of the fallout from Syntrus Achmea’s decision and a summary of how pension schemes have reacted, look out for the September edition of IPE.Pharmaceuticals scheme awards LDI mandateMeanwhile, the €250m Pensioenfonds Brocacef has renewed its asset management contract with NN Investment Partners (NNIP).The asset manager said that the scheme’s €130m liability-driven investment mandate would be invested in NN’s Duration Matching Range funds, “which provide a safe and effective way of interest hedge without mandatory additional payments”.Johan Eeken, chairman of the Brocacef scheme – the pension fund of pharmaceutical group BENU – said the new mandate enabled the pension fund “to cover its liabilities in a predictable way” and that it had been offered “flexibility in anticipating changes”.Bart Oldenkamp, head of integrated client solutions at NNIP, said that the asset manager had a long history and “excellent track record” of managing fixed income portfolios.“Flexibility, ease and transparency are key to the implementation of our matching strategies,” he added. The €508m pension fund for the wood-processing and yacht-building industries has chosen to stick with Delta Lloyd as its administrator, according to the fund’s chairman.Peter Schuil said the scheme would not make a change despite the provider being taken over by NN Group last spring. NN has its own administration provider, AZL.Last April, the sector scheme (Houtverwerkende Industrie) picked Delta Lloyd Pensioenfonds Services (DLPS) as its new administration provider, effective from 2018.Schuil told IPE’s Dutch sister publication PensioenPro that it had agreed with both Delta Lloyd and NN that it could keep on using DLPS until at least 2020.last_img read more

first_imgNational home values fell 0.7 per cent in November, according to CoreLogic. Image: AAP/Sam Mooy.BRISBANE home prices are about to take off at a time when the nation’s overall housing market is in its biggest slump since the global financial crisis.The Queensland capital was the only major state capital to record a rise in home values last month, and a leading property expert says the best is yet to come.The CoreLogic November hedonic home value index out today confirms Brisbane home values grew 0.1 per cent during the month, while national dwelling values fell 0.7 per cent — the index’s weakest performance since December 2008. RELATED: Brisbane housing leads the nation CoreLogic head of research Tim Lawless.Brisbane’s more affordable prices relative to Sydney and Melbourne were helping prop up that market and it was arguably the country’s most stable market, according to Mr Lawless.Better affordability also meant Brisbane was not as exposed to the current lending climate, where banks were becoming increasingly restrictive in giving out new loans.“There has been strong migration into southeast Queensland, especially from NSW,” Mr Lawless said.“Housing is much more affordable than in Sydney and Melbourne and that’s increasing demand for housing.“In many ways, Brisbane has underperformed in the last decade, but that’s actually made the market more sustainable.” The biggest falls were in Sydney, down 1.4 per cent in November, and Melbourne (-1 per cent).Nationally, home values are down 4.2 per cent since peaking in October last year. More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoPlace Advisory residential research director Lachlan Walker.Mr Walker said those factors, coupled with high employment, better affordability than the southern capitals, low vacancy rates and dwindling supply were all in Brisbane’s favour. “These leading indicators place Brisbane in a very strong and positive position to potentially recognise the growth which has been avoiding us for now close to 10 years,” he said.CoreLogic head of research Tim Lawless said Brisbane was proving more resilient to the downturn because its home prices had never climbed as high and its recent growth was at a more sustainable level. MORE: Footy star tackles property flipscenter_img CoreLogic Hedonic Home Value Index for November 2018.But while Sydney and Melbourne are suffering, all the indicators point to prices heading north in Brisbane, according to Place Advisory residential research director Lachlan Walker.“Population growth, thanks to interstate migration, is the highest it’s been in a decade,” Mr Walker said.“Infrastructure spend is also the highest in recent history — over 130 major projects totalling upwards of $55 billion.” Sydney is leading the home value falls across the country. Picture: Sam Mooy.Mr Lawless said the weak national result came amid tightening credit conditions, which were spreading to the owner-occupier segment of the market, as well as uncertainty ahead of the next federal election.“Potentially investor sentiment is being weighed down by the potential for changes to taxation policies related to housing should there be a change of government,” he said.“A negative gearing rollback looking to exclude established dwellings could diminish demand across the resale market with less investment demand for properties with low rental yields. “The halving of capital gains tax concessions would likely provide further disincentive to investment, on top of weak prospects for capital gains, premiums on investment mortgage rates, low rental yields and fewer depreciation benefits.”last_img read more

first_img3 News 14 Mar 2013Four National MPs have changed their minds about gay  marriage between the first and second readings of the bill that will legalise  it. The second reading count late on Wednesday night was 77-44,  a majority slightly smaller than the first reading count of 80-40. The conscience vote lists show Gerry Brownlee, Jonathan  Coleman, Murray McCully and Ian McKelvie, who all voted in favour of the bill on  its first reading, opposed it on its second. None of those MPs spoke during the second reading  debate. There was a full slate of 121 votes for the second  reading. On the first reading, Labour’s Raymond Huo didn’t cast a  vote and didn’t abstain. There were two new MPs in Parliament for the second reading  – Carol Beaumont who replaced Charles Chauvel and Aaron Gilmore who replaced  Lockwood Smith. They both supported the bill on its second  reading.http://www.3news.co.nz/Four-change-minds-on-gay-marriage-bill/tabid/1607/articleID/290193/Default.aspxPassions fly as MPs vote on gay marriageStuff.co.nz 14 Mar 2013Parliament has moved a step closer to legalising gay marriage after a resounding vote in support of the law change.http://www.stuff.co.nz/national/politics/8422263/Passions-fly-as-MPs-vote-on-gay-marriageMarriage Equality Marriage Amendment Bill passes second testNZ Herald 13 Mar 2013Same-sex marriage has inched another step closer after Parliament overwhelmingly backed it at the second hurdle, with only a handful more MPs turning against the bill. Labour MP Louisa Wall’s bill passed by 77 votes to 44 votes late last night in front of a near-full public gallery, a drop in support of 3 votes from the first reading. Cabinet ministers Gerry Brownlee, Jonathan Coleman and Murray McCully and National MP Ian McKelvie voted against after initially supporting the bill. An attempt by New Zealand First leader Winston Peters to delay the law change until a referendum could be held at the 2014 general election was voted down by a margin of 83 votes to 33. New MPs Aaron Gilmore, who replaced former Speaker Lockwood Smith, and Labour’s Carol Beaumont, who replaced Charles Chauvel, both backed the legislation.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10871107last_img read more

first_imgVINTON, Iowa – The paydays get even better this week for a trio of IMCA Sunoco Late Model feature winners.  IMCA will announce mid-week before the dates bonuses are to be awarded at each track. It begins Wednesday evening at 300 Raceway in Farley as the IMCA Late Model winner pockets an extra $250 courtesy of Sunoco Race Fuels. Sunoco bonuses are being presented at IMCA Late Model sanctioned weekly tracks this year. Drivers are eligible for only one bonus during the 2020 racing season. Previous winners were Jeff Aikey at Independence Motor Speedway, Matt Ryan at 34 Raceway, and Joel Callahan at Dubuque Fairgrounds Speedway.center_img Thursday night the bonus moves to Davenport Speedway, and the night begins with last Friday’s make-up feature. Then the pot gets richer as the next $250 Sunoco Race Fuels bonus of the season will be paid to the scheduled June 25 IMCA Late Model winner. The final bonus of the week will be presented Friday night at Marshalltown Speedway. Double Late Model features are also on the card at Marshalltown, with the $250 Sunoco bonus presented to the night’s second feature winner – the evening’s originally scheduled feature.last_img read more

first_imgSenior Katinka Hosszu broke a school record in the 200-yard free in a lead-off swim of USC’s third-place 800-yard to highlight the Women of Troy’s first night at the 2012 Pac-12 swimming and diving championships in Federal Way, Wash., on Wednesday.Final push · The Women of Troy are currently tied for third place at the conference championships. The meet will continue until Saturday. – Anna Wierzbowska | Daily TrojanUSC finished third in a three-way tie with Arizona and Arizona State with 104 points for the first night, which consisted of just two relays. California is currently first (128 points), while Stanford is in second (112). The three-way tie is followed up by UCLA (96), Oregon State (90), Utah (88) and Washington State (86).USC’s 800-yard free relay quartet of Hosszu, junior Haley Anderson, senior Amanda Smith and sophomore Lynette Lim took third in 7:01.76, behind California’s first-place time of 6:57.86 and Stanford’s 6:58.82. USC’s time was a season-best and NCAA “A” cut, and fell just short of the 2010 school record of 6:59.48.Hosszu led off the relay with a 1:43.19, cutting almost a full second off of her school record of 1:44.01 over 200 yards.USC’s 200-yard medley relay took fifth as the foursome of junior Yumi So, sophomore Kasey Carlson, junior Christel Simms and Hosszu finished the tight race in 1:37.77. California’s relay team won with 1:36.77.The championships continue through Saturday with prelims beginning at 11 a.m. and finals starting at 6 p.m.last_img read more

first_imgThe outcome of the mock version was revealed by English football legend Lineker via his official Twitter handle.He also revealed that his beloved nation England was drawn alongside Belgium during the mock draw. 2018 FIFA World Cup draw host, Gary Lineker, has stated that the Super Eagles of Nigeria was drawn alongside former world champions France and Argentina in what is the group of death when a mock draw took place on Thursday.The mock version of the World Cup draw was done as a dress rehearsal ahead of the main draw slated for the Kremlin Palace in Moscow, Russia on Friday, December 1. Related7 World Cup Legends To Assist Lineker For Russia 2018 DrawNovember 21, 2017In “FIFA”Eagles Have A 50-50 Chance – NFF President Amaju Pinnick on World Cup Draw (Audio)December 4, 2017In “Africa”Lineker To Conduct World Cup Final DrawNovember 18, 2017In “FIFA”last_img read more

first_imgFabrizio Ravanelli has been sacked as coach of Ajaccio, the French Ligue 1 club have confirmed. The Italian only took up the reins at the start of the season but the Corsicans have failed to fire and lie second from bottom with just one win from 12 matches.A 3-1 defeat at home to Valenciennes on Saturday marked a fourth successive league loss for Ajaccio and club president Alain Orsoni felt he had no other choice than to let former Juventus and Middlesbrough striker Ravanelli go.”We have decided to stop our collaboration with Fabrizio Ravanelli and (his assistant) Giampiero Ventrone,” Orsoni told the media. “This is a decision that was not easy to make from a human point of view. I like these two men, I wanted it to work. During my presidency I have never seen staff work so hard, not to mention the hours they put in. They took their task to heart. However, I was forced to make a decision in the interests of my position as club president.”The result (against Valenciennes) has not influenced my choice. This is something that has been thought through and was decided after the defeat to Nantes (on 19 October). I’m not saying this is necessarily the right solution, only time will tell, but I had to do something.”Ravanelli himself hinted all was not well within the camp as he spoke of his departure.”I’m really disappointed, it hurts,” he told Canal+. “But that’s life in football. I worked and tried to make sure it worked, but it did not work. I’m not angry. We had a lot of problems, I never had the whole team.” Ajaccio will hold a press conference on Monday morning where they are expected to announce an interim coach.last_img read more

first_imgKwesi Appiah has named the team that will start Ghana’s final group match of the 2019 Africa Cup of Nations.The Black Stars take on Guinea-Bissau in Suez this evening, with a place in the Round of 16 at stake. Black Stars need a victory to qualify after two straight draws against Benin and Cameroon. READ: Guinea-Bissau v Ghana: Kick-off time, team news, head-to-head, form and moreAppiah has made four changes to the team that drew 0-0 with Cameroon, with Joseph Aidoo, Kwabena Owusu, Samuel Owusu and John Boye all starting. For Aidoo it’s his first appearance at the tournament, taking the place of Jonathan Mensah who failed to recover from a knock he picked up against the Indomitable Lions. Samuel Owusu and Kwabena Owusu have been rewarded with their first starts following the impressive showing on Saturday.  John Boye, who missed Cameroon game due to suspension, has replaced suspended Kassim Nuhu.Kwadwo Asamoah has been dropped to the bench after delivering a below-par performance.The seven players to keep their place are Richard Ofori, Baba Rahman, Andy Yiadom Mubarak Wakaso, Thomas Partey, Jordan Ayew and Andre Ayew.Ghana Line-up: Richard Ofori; Andy Yiadom, Baba Rahman, John Boye, Joseph Aidoo, Mubarak Wakaso, Thomas Partey; Samuel Owusu, Kwabena Owusu, Jordan Ayew, Andre Ayew.last_img read more

first_imgBy Jay Cook |HAZLET – A nationally recognized hotel chain is looking to expand its brand behind an existing hotel on Route 35, effectively creating a hub of lodging on a roadway with a dearth of available options.At the Aug. 17 Hazlet Township Land Use Board meeting, Holiday Inn unveiled a proposal to build a four-story Holiday Inn Express hotel. It would sit behind the two-story Holiday Inn already established along the highway, across from the Cinemark and Costco shopping center.“This is a rather innocuous use,” said Calisto Bertin, project engineer for the hotel’s application. “It’s just a hotel – not a trucking terminal, not a factory.”But for some residents living on the adjacent Miller Avenue, which is actually within Holmdel Township’s borders, plans for a new hotel are unwelcome.“I think the value of our homes are going to go down,” said Holmdel resident Dean Labarca, a 13-year homeowner on Miller Avenue, after the meeting ended. “The quality of our lives are going to go down.”He was one of about 25 residents from Miller and Orchard avenues in attendance that expressed concern about this development. Earlier in the month, Labarca petitioned the Holmdel Township Committee for help to stop this project. Committee members Deputy Mayor Pat Impreveduto and Committeeman Eric Hinds said they do not like the project.According to the project application, the hotel expansion would be on a 3-acre swath of undeveloped, wooded land behind the existing Holiday Inn hotel and the Hazlet Pharmacy/Casual Male XL next door.An engineering plan for the proposed hotel expansion.The plans call for a four-story, 93-room hotel, covering 13,663 square feet. On the ground level, site plans outline a swimming pool, market, lifestyle lounge and a fitness room.Yomesh Patel, a planner hired on behalf of Holiday Inn applications, said the new hotel would “attract the right type of clients” into Hazlet, considering the Holiday Inn Express would be an “upper-scale hotel.”For Holiday Inn to even consider the new hotel for franchising, Patel said the structure would have to be four stories tall. He cited country-wide consistency and brand recognition as the main reasons why.Pending approval from the Land Use Board, attorney Jeffery Gale said the property owner would split the lots into two – the new space at 3 acres and the existing space at 3.9 acres – and the existing Holiday Inn would be sold and rebranded as a Quality Inn or similar style hotel.Holiday Inn would also be seeking a use variance on the property, oddly enough, as hotel uses are not permitted in that zone on the Route 35 highway in Hazlet. According to public Monmouth County tax records, the standing hotel was built in 1967. Gale said over the years it had been branded as a Ramada Inn and a Sheraton. He said it also is the popular overnight destination for acts performing at the PNC Bank Arts Center.Surrounding the rear of the property and abutting houses on Miller Avenue is a 6-foot-high fence, that at some points provides only a 20-foot buffer for residents from the hotel’s parking lot.And according to Gale, the 20 feet that residents have come to enjoy over the years is actually owned by the hotel. The fence line does not correctly correspond with the actual property line.But regarding where properties begin and end, Gale said, “I’d like to make it clear, because I don’t want to stir up controversy. It is not the applicant’s desire that we make this controversy or to bring it to an issue.”The Holiday Inn on Route 35 South, Hazlet.If the new Holiday Inn Express is ultimately approved, distances from fence lines to the curb inside the development would range from 7 feet to 22 feet.That lack of privacy was brought to issue by board member Vincent Solomeno, who said, “the actual situation we’re facing right now is you’re awfully close to the backs of these homes.”“I’m concerned about that, specifically, and the noise and the light,” he added.Many of Labarca’s neighbors drew on those concerns after the meeting, saying the hotel expansion would have a negative impact on the surrounding neighborhoods.“I got three kids that play in the street there every day,” said Brian Hayes, who has lived on Miller Avenue for 14 years. “This is going to increase the traffic and the cars that come down the road and turn around in my driveway.”Concerning the traffic, Hayes said cars leaving the hotel property already turn right onto Miller Avenue, where there is no way to leave the development. “No Outlet,” “Watch Children,” and 25 miles per hour signs pepper the entrance to Miller Avenue.Joe Dimari has lived on Orchard Avenue, another neighborhood behind Miller Avenue, for 28 years. He said a new hotel twice as big as the one already there would make the site significantly louder than it already is.Dimari also brought up the Monmouth County Reliability Project, a pending 230-kV transmission line proposed along NJ Transit the North Jersey Coast Line. Orchard Avenue backs up to the train tracks.“We have the JCP&L project behind us and the Holiday Inn in front,” he said. “This is our quality of life that we’re trying to protect.”Only half of the expert witnesses testified on Aug. 17, so the project was carried to the next meeting, tentatively scheduled for 7:30 p.m. Sept. 7. Residents are urged to check HazletTwp.org for more information.This article was first published in the Aug. 24-31, 2017 print edition of The Two River Times.last_img read more