Housing Advocates Applaud Stimulus Deal

first_img About Author: Christina Hughes Babb Previous: Delinquency Report Reflects ‘Critical Situation’ Next: ‘Troubling Trends’ Could Result in Increased Forbearance Activity Housing Advocates Applaud Stimulus Deal The Best Markets For Residential Property Investors 2 days ago Share Save Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily A $900 billion economic relief package approved by the House and Senate includes several provisions for which housing advocates have been pressing, including an extension of the CDC’s eviction moratorium and $25 billion funding for rental assistance, which will be vital to residential real estate investors.About 38% of 1.4 million real estate agents belonging to the National Association of Realtors (NAR) own at least one rental property in the U.S., according to the association.”More than 40% of rental units nationally are owned by ‘mom and pop’-operated small businesses, many of which have been struggling to pay their bills and keep a roof over their tenants’ heads,” NAR President Charlie Oppler said. “Rental assistance helps stabilize that housing and keep families in their homes, and we’re grateful that Congress could secure this and other critical relief measures in this legislation.”Members of the National Association of Homebuilders (NAHB) released a response to Sunday’s deal, which the organization says covers multiple policy objectives championed by NAHB, including “an extension of temporary tax provisions for newly-built energy-efficient homes and for homeowners who engage in remodeling activities.”The U.S. House Committee on Financial Services Chair Maxine Waters says this legislation “makes a down payment on the assistance needed to help struggling families and individuals catch up on their rent and stay in their homes.”She adds that Americans will undoubtedly need more, but the $25 billion in rental assistance is “critical and historic.” The FSC provided an additional paper on rental assistance and another explaining how the new stimulus bill specifically will help communities of color and lower-income residents.Affordable Housing Tax Credit Coalition (AHTCC) members applauded the package, which it says will help spur the development of an estimated 130,000 additional homes for low-income families over the next 10 years.”The affordable housing provisions included in the year-end legislation are critical to support low-income families during the current crisis and as part of our nation’s recovery,” AHTCC Executive Director Emily Cadik said.Mortgage Bankers Association President and CEO Bob Broeksmit, on behalf of the organization, commended Congress for passing the legislation, which he says “provides the necessary tools to protect borrowers, renters, and small businesses.””We especially appreciate rental assistance for tenants, enhancements to the Paycheck Protection Program (PPP) to help the hospitality sector, continued Troubled Debt Restructuring (TDR) relief for all financial institutions, and continuation of the TALF program. Additionally, we welcome the extension of unemployment insurance and direct assistance for the millions of people who have been affected by the COVID-19 pandemic,” Broeksmit said. “On behalf of the real estate finance industry, we look forward to continuing to work with the administration, Congress, and the Federal Reserve to support all consumers and businesses.” Home / Daily Dose / Housing Advocates Applaud Stimulus Deal 2020-12-22 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago December 22, 2020 13,592 Views in Daily Dose, Featured, News Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Subscribelast_img read more

Paul G. Nedderman – Sunman

first_imgPaul G. Nedderman, of Sunman, was born on December 25, 1932 at the Whitlach Clinic in Milan, a son to Roy and Viola Doehleman Nedderman.  He served his country with the United States Army in St. Jean Dangly, France from May 1953 until May 1955 as an Army PFC in the 3rd Division.  Upon his return he married his grade school sweetheart, Mary M. Geyer on July 30, 1955 at Sunman Community Church.  Paul owned and operated the Nedderman Feed Mill in Sunman for many years.  He was very active in his community – serving on the Board of Directors of Peoples Bank and Trust, and as a member of the Sunman Fire Department, St. John Lutheran Church-Hubbells, and the Sunman American Legion Kenneth L. Diver Post #337.  In his spare time he enjoyed fishing, traveling and lawn mowing.  On Saturday, August 31, 2019 at the age of 86, Paul passed away at the Chateau in Batesville. Donations can be directed to St. John’s Fellowship Hall or to the Sunman Volunteer Fire Department.  To sign the online guestbook or to leave personal memories please visit www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home is honored to serve Paul’s family. A memorial service will be held Saturday, September 7, 2019 at 10 a.m. at St. John Lutheran – Hubbells.  Friends and family are afterward invited to gather in the church hall for fellowship and sharing of memories.  Cremation was chosen and burial will be at the convenience of the family in St. Paul Cemetery.center_img Those surviving who will cherish Paul’s memory include his loving wife of over 64 years, Mary Nedderman; one son and daughter-in-law, Jim and Cindy Nedderman of Cold Spring, KY; one daughter and son-in-law, Deborah and Mark Harmon of Sunman; three grandchildren, Kendra (Scott) Harmon Rienschield, Mary Nedderman, and William Nedderman; one great-grandchild, Cade Rienschield, and one sister, Ruth Ann (William) Hoyt.  He was preceded in death by his parents.last_img read more

Jameel Warney cements his legacy in senior season at Stony Brook

first_img Published on January 20, 2016 at 10:30 pm Contact Chris: [email protected] | @ChrisLibonati Each season Jameel Warney has been at Stony Brook, the team has made the America East Conference championship game or won the regular-season championship. He’s won the conference’s player of the year award in each of the last two seasons. Before that, he was the conference’s freshman of the year.He’s just six rebounds away from becoming the Seawolves’ all-time leading rebounder, 36 blocks away from doubling the previous school record and will likely be the school’s all-time leading scorer by season’s end.Warney’s career is cemented in Stony Brook basketball history.“He’ll go down as one of the all-time great players in this conference,” SBU head coach Steve Pikiell said, “and one of the all-time great players here at Stony Brook.”But Warney hasn’t won the AEC tournament. And with the conference almost guaranteed to get just one bid, he hasn’t made the NCAA Tournament either. Each of the last three seasons, the Seawolves (14-4, 5-0 AEC) have been bounced by Albany. Last season, a last-second 3 by Albany gave the Great Danes a one-point win.AdvertisementThis is placeholder textOn Friday, Warney gets his next shot to advance his legacy and the program that’s provided the foundation for it. SBU faces Albany for the first time this season at 9 p.m. at Island Federal Credit Union Arena in Stony Brook, New York. A win would bring Stony Brook to .500 against Albany in Warney’s career and the Seawolves likely front runners to win the AEC.“We’ve played in postseason bids, before he came here we didn’t,” Pikiell said. “We’ve won games in the postseason. We’ve won league championships. We’ve had 20-win seasons, 25-win seasons. All those things had never happened before.”Stony Brook was never supposed to reel Warney to Long Island in the first place. Although Warney was just a two-star prospect, according to Scout.com, he played and started at Roselle Catholic (New Jersey) High School. Roselle has produced players like Syracuse forward Tyler Roberson and Kentucky guard Isaiah Briscoe. Warney also had offers from Iowa and Temple, according to Scout.He called the SBU coaching staff to tell them he’d commit while the team was playing an overseas tour. Pikiell said the team was in Dublin at the time, and he couldn’t get enough reception indoors. He had to walk outside in pounding rain to take Warney’s call.Though he was a big get, his career at SBU started with an air-balled hook shot against Marist. Fellow senior Carson Puriefoy remembers the Stony Brook coaches having to calm Warney down in the huddle at the next timeout. Once he settled in, Warney scored eight points and grabbed five rebounds.“It was just kind of funny to realize how far he’s come,” Puriefoy said, “and how far we’ve all come.”That season, SBU won the AEC regular season title and swept Albany in the regular season, only to be beaten by the Great Danes in the AEC tournament semifinals on a last-second layup.The next year, the Seawolves lost to Albany on its home floor by nine in the AEC championship.Last season, Stony Brook nearly broke the curse and held a 50-48 lead with seconds to play. An Albany miss was tapped out to guard Peter Hooley, who hoisted a quick shot that dropped through the net and ended SBU’s NCAA Tournament bid. The loss hung in Warney’s mind for months. He agonized over possessions where he could have given SBU the slightest edge. The forward threw the heartbreak on the pile of other losses to Albany to fuel his workouts.This summer, Warney improved his endurance by running a 3.5-mile loop on campus every few days and took extra free throws. His free-throw percentage has risen nearly eight percent this season. The memory only floated back when he needed just a little bit more motivation.One memory sticks out even more, though. When the Seawolves won the regular-season title for the first time in program history, he remembers being handed the trophy. He and his teammates were able to reflect on the season they had just had.“That’s an experience, that at that time, I didn’t really think about it that much,” Warney said, “but you can tell how hard it is to win a conference championship … and that’s the only championship I have around here.”He’s hoping to get one last chance to feel what it’s like to win a championship. That road starts Friday. Commentscenter_img Facebook Twitter Google+last_img read more