|
|
Like this article? PLEASE +1 it! |  |
|
HUD adds another $1B to Stabilize Hard-Hit Neighborhoods...Total $7B
| Guest post by: Carl Moore |
Article Overview: In addition to a third round of NSP funding, the Dodd-Frank Reform Act creates a $1 billion Emergency Homeowners Loan Program to be administered by HUD. This program will provide up to 24 months in mortgage assistance to homeowners who are at risk of foreclosure and have experienced a substantial reduction in income due to involuntary unemployment, underemployment, or a medical condition.
 |
Free Download - Big Consolidation in Solar-equipment By Carl Moore |
HUD adds another $1B to Stabilize Hard-Hit Neighborhoods...Total $7B
HUD adds another $1B to Stabilize Hard-Hit Neighborhoods bringing the total to $7B
The $1 billion in NSP funding announced Wednesday was made available through the Dodd-Frank Wall Street Reform and Consumer Protection Act.
State and local governments can use their neighborhood stabilization grants to acquire land and property; to demolish or rehabilitate abandoned homes; and to offer down payment and closing cost assistance to low- to moderate-income homebuyers. In addition, the grantees can create "land banks" to assemble, temporarily manage, and dispose of vacant properties.
HUD says the program will maximize the impact of NSP dollars in the hardest-hit neighborhoods and cut in half the traditional 75-to-85 day process it takes to resell foreclosed properties.
In addition to a third round of NSP funding, the Dodd-Frank Reform Act creates a $1 billion Emergency Homeowners Loan Program to be administered by HUD. This program will provide up to 24 months in mortgage assistance to homeowners who are at risk of foreclosure and have experienced a substantial reduction in income due to involuntary unemployment, underemployment, or a medical condition.
How Obama's tax credit helps, hurts IT spending
Do you hold off on IT spending until Congress acts on the credit?
Among the proposals President Barack Obama made this week to boost the U.S. economy is one that will allow businesses to write off all of the investment they do in 2011. But there's a lot of uncertainty ahead for IT managers interested in this tax break.
In a speech Wednesday, Obama was specific about when he wants the tax break to apply -- "in 2011," he said. There was initial expectation that the White House would ask Congress to approve a tax break that applied through 2011, with a retroactive start date to this month.
But the fact that the president has pitched this tax break may be enough to prompt some IT managers to take a second look at some of their purchase plans. An announcement of a major tax incentive for 2011 capital investment will cause a reduction in discretionary IT spending, equipment and system upgrades for the balance of 2010. The tax proposal "will definitely cause borderline projects to be deferred, if the CFO believes that this proposal has a possibility of being implemented," said Joseph Pucciarelli, program director of technology financial and executive strategies at IDC.
If the investment write-off is approved, Pucciarelli estimates that it could increase IT spending anywhere between 7 and 12%. IT hardware purchases are forecasted this year by IDC to reach $135 billion.
Which Would You Choose If You Had The Choice?
Workers still concerned about job security
Health Insurance Reform Now
Ways by Which Personal Coaching Empowers You As an Entrepreneur
Get It Done
Diversify or Focus: The Sand Pail Approach to Stable Income
1.3 World macroeconomic imbalances: Economic Report on Africa 2007
UK and European currency debt
Does The Arrival Of Your Network Marketing Autoship Order Excite Or Enrage You?
Creating the right ‘Value Perception’ for your Customers
You Are the Message: Package Your Personal Brand
Every House on the Real Estate Market is Not in Foreclosure
Why Banks will continue to get Healthier!
Peace for Profits
What is microfinance? FAQ
US Dollar Officially Turns South; Euro To Benefit!
Economy Recovering? This Indicator Seems to Think So!
Leaders and Managers
What Information Products Can Do For Your Business
To Throw or not to Throw out (old financial records) - that is the question.
|
About the Author: Carl Moore RSS for Carl's articles - Visit Carl's website Click here to visit Carl's website   What Recovery In the number of startups California is first in 13 industries Commercial Properties Being Written Down by 50 Economic growth has slowed considerably since earlier in the year Equity Investors Turn to Development Opportunities |
Related Forum Posts
Re: How To Build Great Pillar Content For Your Internet Business
- Building up the great content is more important for any Internet based business. I believe in that but my understanding of a pillar content is that, "the content that adds value to the visitor". The content adds value when it gives a solution to the reader on a particular niche.
Nice post.
-Mr.Ven
Monopoly story
- I haven't seen the version with the debit card. I wonder how it adds / takes away from the game. I always loved collecting the money and insisted on being the banker.
Re: Just Saying Hello
- Welcome Camil!
David will be a great mentor. He adds so much to this forum and is full of knowledge that I'm sure he's happy to share. Just stay on his map and I'm sure you'll get to your final goals safely.
Re: 5 Ways I've Used Twitter This Week To Grow My Business
- Hi Chris - I use TweetMeme because it's the biggest and it adds to the authority of your posts to see that many people have retweeted it.
As far as I can see from other services, it may post to Twitter but you won't get the badge of honor to show off and have it match the same #'s that you can get from TweetMeme.
Re: Social networking rules and etiquette
- Social media is there to communicate, so use it to do that. The best strategy is to do this in a way which adds value for others.
Of course you should be aware that what you say is usually completely public, so don't share what you don't want in the public.
I keep use of social media for personal and business separate.
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
by: 
Best Automated Forex Trading Strategy
Build Your List with Joint Venture Giveaway Events
May 2012 Top 100 Social Media Experts to Follow on Twitter
What to measure to be phenomenally successful in business
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Leadership-A Daily Gift
International Employment Background Checks
The Future of Online Marketing
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.