The Impact of Opportunity Zones

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe August 5, 2019 1,171 Views The Best Markets For Residential Property Investors 2 days ago Affordability HOUSING Opportunity Zones Sales 2019-08-05 Seth Welborn  Print This Post Austin, Texas is making efforts to put housing in its opportunity zones. Opportunity zones were originally intended to be spur growth in economically disadvantaged areas, but according to Austin’s Planning Commission, the incentives are driving commercial development to the detriment of the city’s housing supply, Austin Monitor reports.On August 13, during the commission’s next meeting, it will consider an initiative that would amend city code so that any opportunity zone property with General Commercial Services (CS) zoning could add a vertical mixed-use designation if desired.According to the commission, added entitlements, including elimination of floor area ratio limits to reduced parking requirements, may prove enticing enough to encourage housing. Commissioner Carmen Llanes-Pulido stated that though the current opportunity zones are not helping with affordable housing in gentrifying areas, she questions whether vertical mixed-use zoning would ultimately make the problem worse.“I would really like to see more compelling evidence that (vertical mixed-use) will actually curb displacement or prevent displacement in these areas,” Llanes-Pulido said in Austin Monitor. “Because I can personally attest to blanket (vertical mixed-use) decisions causing and accelerating extreme displacement of both residents and small businesses.”Across the country, after being designated as “opportunity zones,” low-income and high-poverty areas have seen a surge in sale prices. According to the Department of Housing and Urban Development (HUD) Director Ben Carson, “opportunity Zones present tremendous promise for America’s distressed communities.”Earlier this year, HUD announced that is seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. Investors, keen to receive a discount on capital gains taxes for investing within these areas, flock to these opportunity zones, according to an analysis by Zillow.According to Zillow, sale prices in all eligible areas “grew faster than prices in places that weren’t, but after opportunity zones were selected, price-growth trends diverged among eligible tracts.” Previous: Housing Affordability Hits New High Next: Fannie Mae: Increased Education Needed for Borrowers Demand Propels Home Prices Upward 2 days ago Tagged with: Affordability HOUSING Opportunity Zones Sales Related Articles in Daily Dose, Featured, Investment, Market Studies, Newscenter_img The Impact of Opportunity Zones About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Impact of Opportunity Zones Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Share Savelast_img read more

Army beefs up force with 279 new soldiers

first_img”Please accept my heartfelt gratitudefor accepting the challenge and for answering the call of soldiery. Many peopleare scared to join because of the risks that come with this noble profession,”he said. They successfully completed threemonths of rigid training, according to Army Captain Cenon Pancito, 3IDspokesperson. Vinoya also lauded the new soldiers’families. But there would be six more months offurther training, he stressed – the Candidate Soldier Course and Jungle Warfareand Mountain Operations Course – before the new soldiers are deployed tovarious areas. “We continuously recruit soldiersto beef up the Philippine Army. Some soldiers have retired from the service.Others were dismissed,” said Pancito on Tuesday. “Thank you so much for supporting thedecision of your loved ones to join the profession of arms,” he said./PN ILOILO City – A total of 279 young mentook their oath as candidate soldiers of the Philippine Army at the 3rdInfantry Division (3ID) headquarters in Camp Peralta, Jamindan, Capiz. The 3ID commander, Major General Eric Vinoya,welcomed the new soldiers yesterday. “Please accept my heartfelt gratitude for accepting the challenge and for answering the call of soldiery wherein many people are intimidated because of the risks that come with this noble profession,” Major General Eric Vinoya, commander of the Philippine Army’s 3rd Infantry Division, tells 279 candidate soldiers in Camp Peralta, Jamindan, Capiz on Feb. 11 during the candidates’ oathtaking. PHILIPPINE ARMY PHOTOlast_img read more

Apple Releases iOS 7.0.2 To Fix Lock Screen Glitch

first_imgreadwrite Apple has pushed out a fix for the passcode unlock bug in iOS 7, which made it possible to bypass the lock screen passcode via a complicated series of screen taps and button presses. Unlike iOS 7.0.1 (for the iPhone 5S and 5C only), version 7.0.2 is available for download and as an over-the-air update for the iPhone, iPad and iPod touch.In addition to fixing the passcode bug, the latest update also returns to duty a Greek keyboard for passcodes, which had apparently gone AWOL.9to5Mac reports that Apple may also be testing iOS 7.1, presumably in advance of a rumored Apple event next month focused around the Mac Pro and still-as-yet-unannounced new iPad line. Feature image via David Hamilton for ReadWrite Why IoT Apps are Eating Device Interfaces Role of Mobile App Analytics In-App Engagement What it Takes to Build a Highly Secure FinTech …center_img Tags:#Apple#ios7#iPad#iPhone#iPod Touch#now The Rise and Rise of Mobile Payment Technology Related Posts last_img read more

9 months agoCarragher insists Solskjaer Man Utd success no fluke

first_imgCarragher insists Solskjaer Man Utd success no flukeby Paul Vegas9 months agoSend to a friendShare the loveLiverpool legend Jamie Carragher insists Ole Gunnar Solskjaer’s success at Manchester United is no fluke.Former United midfielder Paul Ince has downplayed the immediate impact made by the Norwegian boss by insisting that “anyone could have gone in and done what he has done”.But Carragher told Sky Sports: “A lot has been written about Solskjaer and everything being very, very positive on the surface.”I think underneath that, a lot of people were looking at it before the Spurs game and thought: ‘Anyone could have gone in there and done that’. It’s nonsense. It’s absolute nonsense.”He’s made big decisions by leaving people out – (Romelu) Lukaku, an £80million striker, on the bench. When he’s brought him on he’s made an impact.”You think of Jose Mourinho, people were saying these games were easy. Last season, when Manchester United finished second and got to an FA Cup final, Mourinho lost three games to promoted teams.”So it’s not easy to go and wipe the floor with these teams. He’s (Solskjaer) made a great start to his career.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Uber Is Offering Free Rides If Rutgers Upsets Ohio State Tonight

first_imgUber promotes free rides if Rutgers beats Ohio State.Rutgers UberNo. 1 Ohio State is on the road tonight in New Jersey, taking on Rutgers. It will be J.T. Barrett’s first start of the season at quarterback, and the Buckeyes are heavy favorites.If the Scarlet Knights spring the upset, there will surely be Pandemonium in Piscataway. Any fans partaking in celebrations will be able to travel around campus and in the neighboring city of New Brunswick for now cost, as Uber is offering free rides if Rutgers wins. If by chance you’re a sad #Buckeyes fan tonight here’s something to make the ride home easier. Uber with free rides. pic.twitter.com/ONkGCYKp2I— Jeremy Birmingham (@Birm) October 24, 2015This is a pretty cool move by Uber. Odds are they won’t have to pay up but this is tremendous promotion.last_img read more

2018/19 Budget Increased by $17.4 Billion

first_img The Government is proposing to spend an additional $17.42 billion for this fiscal year. The Government is proposing to spend an additional $17.42 billion for this fiscal year.This is outlined in the first Supplementary Estimates for the 2018/19 financial year, which was tabled by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, in the House of Representatives on Tuesday (September 25).The Estimates shows that the budget has been increased from $773.68 billion to $791.11 billion.Recurrent (housekeeping) expenses have moved from $560.04 billion to $572.46 billion, for an additional expenditure of $12.4 billion.In terms of capital (development) spending, this is proposed to be increased by $5 billion, moving from $213.64 billion to $218.64 billion.Of the increase, $7.3 billion will go towards the Major Infrastructure Development Programme (MIDP). The additional funds are required due to faster-than-programmed project execution.Another $7 billion has been set aside for a grant to local authorities to deal with the payment of arrears and current charges for street lighting.Further, $445 million will go towards enhanced security measures to support the States of Public Emergency and Zones of Special Operations; to support the establishment of the Public Safety and Traffic Enforcement Branch (PSTEB); and to improve 60 priority police locations islandwide.In addition, $527.66 million will be spent on the reverification of voters. This exercise will involve the phased removal of deceased persons from the voters’ list.Members of the Public Administration and Appropriations Committee (PAAC) and the Standing Finance Committee of Parliament are to deliberate on the Supplementary Estimates next week, following which it will be debated in the House of Representatives for its approval. Story Highlights This is outlined in the first Supplementary Estimates for the 2018/19 financial year, which was tabled by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, in the House of Representatives on Tuesday (September 25). The Estimates shows that the budget has been increased from $773.68 billion to $791.11 billion.last_img read more

China 2018 exports up 71 per cent imports up 129 per cent

first_imgBEIJING — China’s government reports 2018 exports rose 7.1 per cent as a trade battle with Washington intensified, while imports were up 12.9 per cent.Monday’s announcement comes as Beijing tries to reverse a decline in economic growth while facing a potential fall-off in American orders for Chinese goods following President Donald Trump’s tariff hikes in the fight over China’s technology ambitions.Chinese exporters also face pressure from cooling consumer demand in other global markets.The Associated Presslast_img read more

Fire breaks out in 22storey building in Bangladesh several feared trapped

first_imgDhaka: Several people were feared trapped in a 22-storey building which caught fire in Dhaka’s Banani area on Thursday in the latest blaze to hit the Bangladeshi capital. The incident happened on Thursday afternoon in the building that houses several garment shops and internet service providers. The actual number of people inside the building when the fire broke out was not known. “The fire broke out at FR Tower around 12:52 pm on Thursday,”Ataur Rahman, an officer of the Dhaka Fire Service Central Control Room, was quoted as saying by the Dhaka Tribune. “Twenty one firefighting units of the Dhaka Fire Service and Civil Defence are trying to douse the fire,” he said . Apart from the fire tenders, Bangladesh Air force helicopters and Navy commandos have been sent to the spot to douse the blaze. The blaze was such that over half a dozen people jumped off from various floors of the high-rise, while the ambulances on the ground immediately rushed them to the hospital, other senior officials at the spot said. While the actual reason behind the blaze was not known, eye witnesses and a government officer at the spot said that the fire broke out on the eight floor of the building and later spread to the other parts. However, fire service did not comment on what caused the fire. “Three units of Bangladesh Navy are working to tame the blaze. We have brought around 50 per cent of the fire under control,”Siraj, a Navy officer, said. Inter-Services Public Relations (ISPR) Director Abdullah Ibn Zaid said that three Bangladesh Air Force helicopters are aiding the search and rescue operations, along with teams from the Bangladesh Army and Navy. “Many have taken shelter on the roof, and some are asking for rescue through windows, the paper quoted him as saying. The officials concerned have reported that several groups of people have already been rescued from the burning building. Last month at least 70 people were killed and over 50 injured when a fast-moving fire swept through an apartment buildings and chemical warehouses in Dhaka’s congested Chawkbazar area.last_img read more

Rs 1 crore in cash seized from Dilip Ghoshs PA in Asansol

first_imgKolkata: Goutam Chattopadhyay, who claimed to be the personal assistant of BJP state president Dilip Ghosh, was arrested along with his associate from Asansol railway station late on Sunday night for carrying unaccounted cash of Rs 1 crore inside a bag.Both of them, in the face of police interrogation, said that they were bringing the huge amount of cash from Delhi and the money was supposed to be distributed among the voters ahead of the final phase of elections in the state. Chattopadhyay claimed himself to be Ghosh’s personal assistant during the police interrogation. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThe incident seemed to have validated Trinamool Congress chief Mamata Banerjee’s claim who on repeated occasions accused the BJP leaders of distributing money among the people. During a recent rally, Banerjee had asserted that the Election Commission and police must check the cars of all leaders irrespective of their political affiliations. She also demanded surveillance of the vehicles of top BJP leaders including Prime Minister Narendra Modi. She also made it clear that she would not mind if the police check her vehicle along with others. Also Read – Bengal civic volunteer dies in road mishap on national highwayIt was learnt that Ghosh’s personal assistant Chattopadhyay, along with his associate Laxmikanta Shaw, was carrying a bag containing cash of Rs 1 crore at Asansol railway station on late Sunday night. They were loitering aimlessly on platform number 5 of the railway station when they were intercepted by the railway police. They found the cash and detained the duo for interrogation. As they failed to come up with any convincing answers, they were arrested. The matter was informed to the Income Tax department. Trinamool Congress leaders in the state have repeatedly alleged that BJP made money out of demonetisation and they were using the same in the elections to influence the voters. When media persons threw questions on them while being taken to court, one of them maintained that the money belonged to the BJP and they were bringing it for distributing among the voters. The duo was remanded to four days’ police custody after being produced before a court in Asansol on Monday. A probe is underway in the trail of ‘ill-gotten money’. Turn to P7last_img read more