Weather alert issued as homes lose power

first_imgWhatsApp NewsBreaking newsWeather alert issued as homes lose powerBy admin – December 21, 2013 660 Advertisement Facebook Print Andrew CareyMET eireann issued a weather warning this morning at 7am and it is continue through today as storms, gales and hail showers continue to batter the country.Sign up for the weekly Limerick Post newsletter Sign Up A lightening strike in the south of the country in overnight storms left up to 7,000 homes without power but some 3,000 are restored.However homes in County Limerick and parts of Clare have also been sporadically darkened as power outages are reported.The Orange status weather warning comes with recommendations from An Garda Siochana that all unnecessary travel should be avoided as weather conditions hamper roads with localized flooding.ESB networks crews are working to restore all homes to power while the company say that extra crews will be on standby over Christmas in case of outages.A yellow marine weather alert is in place as where gusts from the southwest hit 100km/h while last nights storm had winds reaching 120km/h in parts.A number of sailings have been delayed or cancelled and anyone with any travel plans should check with operators.center_img Email Twitter Previous articleTax demands made on alleged brothel keepersNext articleFarmer wins court costs appeal admin Linkedinlast_img read more

Freddie Mac Marks Single-Family Rental Milestone

first_img in Daily Dose, Featured, Government, Journal, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago January 12, 2018 1,975 Views About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: Berkadia Freddie Mac freddie mac multifamily Single-Family Rentals TrueLane Homes Freddie Mac Marks Single-Family Rental Milestone Berkadia Freddie Mac freddie mac multifamily Single-Family Rentals TrueLane Homes 2018-01-12 David Wharton Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Home / Daily Dose / Freddie Mac Marks Single-Family Rental Milestone The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Freddie Mac officially entered the single-family rental space this week as Berkadia announced the closing of the very first affordable single-family rental financing through Freddie Mac Multifamily for TrueLane Homes, a leading owner of single-family rental homes.The financing totalled $11,092,000 for a 10-year, fixed-rate loan secured by 195 homes and a duplex. The homes were located in nine different metros and six different states. The financing also stands out due to the fact that all of the units are affordable for families earning at or below 100 percent of the median income. For families earning at or below 80 percent of the median income, that affordability percentage is still over 90 percent.Anthony Cinquini, Managing Director at Berkadia, said, “The single-family rental space has a gap in liquidity and affordability, which Freddie Mac is well-positioned to fill as evidenced by this transaction. We’ve been working closely with our partners at Freddie Mac to devise a lending platform that applies the discipline of our multifamily lending standards to single-family home rentals. This includes detailed and thorough underwriting of the borrowers and homes at origination and throughout the term of the loan, which promotes the long-term sustainability of the rental homes.”The single-family rental market is poised for growth going forward, with a Harvard University study reporting that 53 percent of households earning less than $35,000 rent their housing, and that that number increases to over 60 percent for households earning less than $15,000. According to that same Harvard study, single-family homes now account for 39 percent of the nationwide rental stock. However, the continued lack of affordable housing on both the purchase and rental sides of the equation is creating opportunities for the savvy investor.David Leopold, VP Targeted Affordable Sales & Investments at Freddie Mac Multifamily, said, “We’ve said from the beginning that the goal of our single-family rental pilot is to increase the availability of affordable rental housing in communities across the country, and this transaction does exactly that. All of the homes in this transaction will remain affordable for working families, with over 90 percent affordable for low- and very-low income families.”Berkadia was the first Freddie Mac seller or servicer to obtain the National Single Family Rental Designation from Freddie Mac Multifamily. The designation allows Berkadia to sell and service loans secured by single-family rental properties nationwide to Freddie Mac. This is the first such transaction.“We support the local community by investing capital to rehabilitate affordable single-family rental homes in working-class markets,” said Alan True, Founder and CEO of TrueLane Homes. “The deep knowledge of affordable housing at Freddie Mac and Berkadia and their mission to encourage borrowers like us to continue to provide housing to working-class individuals will impact the industry for years to come.”Investors interested in the single-family rental market should take note of Five Star’s 2018 Single-Family Rental Summit, set to unfold March 19-21, 2018, at the Renaissance Nashville Hotel in Nashville, Tennessee. The three-day Summit will feature top subject matter experts and skilled SFR practitioners leading discussion panels and training sessions related to property acquisition and management, financing, strategies for small, mid-cap, and large investors, and new developments related to technology and professional services. You can find more information by clicking here.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: What’s the Price? More Than We Ask, Say Homesellers Next: Experian: Credit Outlook Bright for 2018 Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Advancing Fair Housing, Racial Equity Through Federal Policy

first_img Servicers Navigate the Post-Pandemic World 2 days ago Previous: Layton: GSE Scorecard Brings Little Value to the Public Next: HUD Secretary: Annual Homelessness Assessment Results Are ‘Startling’ Advancing Fair Housing, Racial Equity Through Federal Policy Sign up for DS News Daily March 18, 2021 1,115 Views Related Articles Eileen Kornmeyer is the Director of the American Mortgage Diversity Council and the Property Preservation Executive Forum, both of which are part of the Five Star Institute. Her most recent tenure with the Dallas Business Journal allowed her to grow the paper’s readership while connecting and partnering with some of the top companies and organizations in DFW. She has notable tenure as sales manager for “The World of Concrete,” one of the Top 20 largest events annually. A native New Yorker, she cites the Adirondack Park as her place to recharge her batteries hiking, kayaking, and spending time with her family. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-03-18 Christina Hughes Babb  Print This Post Urban Institute President Sarah Rosen Wartell this month hosted the latest installment in Urban’s conversation series, “Evidence to Action.” During the virtual event, Julián Castro, former Secretary of the US Department of Housing and Urban Development (HUD) during the Obama administration, discussed how the new administration can fulfill its obligations under the Fair Housing Act and close equity gaps in housing.  Following the discussion with Secretary Castro, Solomon Greene, Senior Fellow at the Urban Institute, Gustavo Velasquez, Director of the California Department of Housing and Community Development, and Lisa Rice, President, and CEO of the National Fair Housing Alliance, joined Wartell to address what states will need from the federal government to advance fair, equitable housing and discuss the most impactful actions the Biden administration could take. Wartell kicked off the broadcast by noting the “most extraordinary response to registrations for this event” for a late Friday afternoon discussion, a testament to the strength of the panel and topic.  She noted that President Biden’s day-one executive order indicates the administration will take an all-of-government approach when considering equity implications in all aspects of policy choice and that the federal government will work closely with states to fulfill its obligations under the fair housing act. When asked his thoughts on President Biden’s day-one commitment, the Secretary said he was glad to see it, and that it sends a strong message to the agencies who will carry out this work. He stated it will be necessary to “connect the dots of these policies. People don’t live their lives in silos, it’s about fair housing.” He added this also is about connecting to other opportunities that will break down the barriers of discrimination. Castro further remarked that the idea of a public credit reporting agency outlined during the Biden campaign would potentially help all homeowners, especially those of color, gain better access to capital. The conversation then shifted to the Presidential memorandum that acknowledged past federal housing policies’ contribution to segregation and the denial of opportunities in disadvantaged communities, particularly in Black and Brown neighborhoods. “You can’t fix a problem until you acknowledge it,” said the Secretary. Noting the previous administration sought to change the mission statement of HUD, Castro says this is the true history of how policies have created disadvantage: acknowledgment and working to overcome it.  The Presidential mandate directs HUD to revisit policies integral to fair housing, including Affirmatively Furthering Fair Housing (AFFH) seen as unfinished business from the 1968 Fair Housing Act. The Biden Administration will also extend housing protections for the LGTBQ community, including transgender individuals. Greene pointed out that while it’s disturbing to accept the government had a role in contributing to segregation, they will have a role in correcting it. Greene also noted “there is a growing body of research that shows how segregation hurts everyone. It hurts the families that are locked out of neighborhoods rich in opportunity, it drags down our economy, and poses grave health risks.” He also added more segregated areas experience higher rates of homicide, lower earnings, and lower property values.  Rice says the only way President Biden can deliver on his campaign promise to address housing and racial inequities is to immediately fix the problems with the disparate impact rule and reinstate AFFH to the 2015 rule change under the previous administration.  “We can use AI and machine learning to really bring the force of technology to bear to help identify where there are barriers to lending and housing opportunities, and then fix them.” Rice says public housing authorities and stakeholders for decades have been asking for technological training and support as it relates to implementing AFFH.  Velasquez echoed that reinstatement of the AFFH to the 2015 rule is critical. He further explained how the state of California at state and local levels anchor AFFH work in law AB686. Passed in 2018, it was in response to the federal policy of no longer enforcing the 2015 rule. Velasquez says more affordable housing can be achieved with higher density zoning in the right areas without exacerbating segregation. “The city of Sacramento, for example, is a good example. The capital of our state saw the need to take significant action and they recently eliminated in essence single-family zoning and we are starting to see a trend here that other cities may follow soon.”  To round out the discussion, each panelist was asked about their hopes for the next four years. All agreed that working across the silos mentioned by Secretary Castro and resetting the AFFH to the 2015 rule are priorities they would like to see come to fruition. Hear the entire conversation below or at Urban.org. About Author: Eileen Kornmeyer Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / D&I / Advancing Fair Housing, Racial Equity Through Federal Policy Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago in D&I, Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

‘Most humiliating experience of my life:’ Black North Carolina man who was handcuff and removed from his home after false burglar alarm

first_imgKazeem Oyeneyin(RALEIGH, N.C.) —  An African-American homeowner says he endured the “most humiliating experience of my life” when white police officers answered a false burglar alarm at his North Carolina home and ended up placing him in handcuffs at gunpoint and walking him to a police car in just his underwear as his neighbors watched.“I was counting the seconds because I thought he was going to kill me,” Kazeem Oyeneyin, 31, told ABC News on Saturday of the confrontation with police at his home in Raleigh. “He was shaking the gun. All he has to do is slip and hit that trigger and I’m dead.”Raleigh police official said the incident is under investigation.“The Department is looking into this incident and reviewing our officers’ actions,” Raleigh police said in a statement to ABC station WTVD in Durham, North Carolina. “We have attempted to contact the homeowner several times over the past few days to discuss this incident with him.”Oyeneyin said the episode occurred on Aug. 17, when a friend who was staying at his home left and triggered his home security system.He said he was asleep and didn’t hear the alarm as soon as it went off, but his cellphone, which is linked to his security system, sounded and woke him up.“I go downstairs. I disengage the alarm. I go back upstairs, I laid down. Twenty minutes later, I just hear these loud noises,” Oyeneyin told ABC News. “So, I come down my steps, I grab my gun because I don’t know who’s in the house.”Oyeneyin said the incident happened at 12:21 p.m. and that he was sleeping because he works nights as a party and hip-hop concert promoter under the nickname “Tim Boss.”Security video in his home, which he shared with ABC News, shows an officer holding a gun in his hand and pushing open the unlocked front door and yelling, “Police. If you’re inside, make yourself known. Come on out with your hands up.”Oyeneyin is heard in the video responding that he had a gun, prompting the officer to order him to drop the weapon and step outside the front door. But the homeowner paused in his foyer and began videoing with his cellphone while asking the officer, “What for?”“Just turn around and put your hands behind your back and get down on your knees,” the officer tells Oyeneyin, according to the security video.When Oyeneyin again asked why and tried to explain he was in his own home, the officer still pointing a gun at him repeated that Oyeneyin get on his knees and to “turn around and face away from me,” according to the video.Oyeneyin eventually complied with the orders and the officer handcuffed him, the video shows. The homeowner asked to see the officer’s supervisor as a police car siren is heard in the background.When a sergeant and two other officers entered the home, Oyeneyin stood up and attempted to explain that he owned the home.The sergeant ordered Oyeneyin to sit back down. When Oyeneyin tried to tell him he had done nothing wrong, the sergeant told two officers to take him to a police car and said, “We’re going to clear the house,” according to the video.Oyeneyin said the officer walked him handcuffed and in just his boxer shorts to a police car about five houses away.“While the cop was trying to put me in the car, I’m screaming, like ‘Yo!’ because I want my neighbors to come out and tell them that I live there,” Oyeneyin said. “So, the neighbors are just looking through the windows and I’m just humiliated. Nobody wants to say nothing. Everybody’s just looking.”He said as he was sitting in the back of a police car while police searching his house.While he waited, a second sergeant who he knew arrived at the scene and recognized him. That sergeant had Oyeneyin’s handcuffs removed and walked him back to his house.The sergeant is heard on the security video telling his colleagues, “Tell everybody they need to come on out. This is the homeowner.”Oyeneyin told ABC News that he’s still rattled by the incident.“This was one of the most humiliating experiences of my life,” he said, adding that he doesn’t have a criminal record and has a permit to carry a concealed weapon. “I mean, I felt like my character was defamed. I went outside the other day, the neighbors wouldn’t even wave at me. They don’t know what’s going on. They think I’m a whole criminal over here.”Oyeneyin said he’s just thankful that his 6-month-old son wasn’t at the house at the time of the incident.“My son was with his mother at the time, thank God,” he said.Oyeneyin said officers identifying themselves as being from internal affairs showed up at his house to asked him about the incident after WTVD did a story about it on Friday. He said he declined to accept their invitation to go to the police station and make a formal complaint.“They’ve got me scared. I ain’t going to lie to you,” Oyeneyin said. “I don’t know who to trust them.”He said he hasn’t decided yet whether to seek legal advice on what action to take, but added, “I just think people need to be aware of this. This ain’t right.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more