whatsapp Thomas Cook hit as Brits shun holidays TOUR operator Thomas Cook yesterday warned full-year operating profit would be at the lower end of forecasts after a slowdown in bookings as Britain’s emergency Budget forced holidaymakers into ditching their plans to go abroad.Europe’s second-biggest tour operator also said the impact from disruption caused by a volcanic ash cloud closing airspace in April and May had been worse than expected while unfavourable currency movements hit profits.Thomas Cook added that good summer weather and the World Cup had contributed to holidaymakers opting to stay in Britain.Chief executive Manny Fontenla-Novoa said: “The fine summer weather enjoyed over much of the UK and the uncertain economic environment have meant that bookings have been softer, which has resulted in lower margins.”He said the company now expected to make full-year EBIT (earnings before interest and tax) of between £404m and £405m compared with a consensus forecast among analysts of £415m. The total cost of the volcanic ash disruption is now expected to be £82m compared with the company’s previous forecast of £60m to £80m, he added.The company said its strategy will include concentrating in more upmarket holiday destinations on countries including Turkey. Four or five-star hotels account for more than 40 per cent of its business. That proportion will rise to between 54 per cent and 57 per cent next year, Fontenla-Novoa said. Show Comments ▼ Wednesday 11 August 2010 8:27 pm Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content whatsapp Tags: NULL
Equity Bank Limited (EQTY.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2017 interim results for the third quarter.For more information about Equity Bank Limited (EQTY.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Equity Bank Limited (EQTY.ke) company page on AfricanFinancials.Document: Equity Bank Limited (EQTY.ke) 2017 interim results for the third quarter.Company ProfileEquity Bank Limited is a financial services institution in Kenya providing banking products and services for the personal, commercial and corporate sectors. The company offers a full-service offering ranging from transactional accounts and digital banking to school fees collection, custody investment and group accounts, trade finance, asset finance and microfinance loans. Equity Bank (Kenya) Limited is a subsidiary of Equity Group Holdings Limited and its head office is in Nairobi, Kenya. Equity Bank Limited is listed on the Nairobi Securities Exchange
“This Stock Could Be Like Buying Amazon in 1997” Forget Bitcoin! I think these 2 FTSE 250 stocks could double your money I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Despite the stonking performance of UK stock markets in 2019, there are still plenty of stocks out there that look deeply undervalued and could beat Bitcoin as an investment. Here are two FTSE 250 companies that still appear cheap and could potentially double your money in 2020.Virgin MoneyChallenger bank Virgin Money (LSE: VMUK) has a lot going for it. The lender has tried to shake up the UK banking market over the past few years, and it seems as if customers are flocking to its offer.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Virgin Money registered a 4.6% increase in customer deposits in its last financial year, as well as 3% growth in overall lending. The lender’s most recent trading update shows that this growth has continued into fiscal 2020. In the three months to 31 December 2019, customer deposits increased 1.6% month-on-month or 6.2% on an annualised basis. Despite the company’s growth in 2019, it reported a statutory loss of just under £200m. This loss was disappointing, but expected. 2019 was a transformational year for the organisation as the previously-named CYBG completed its merger with Virgin Money. After the merger, CYBG re-branded the whole group as a Virgin enterprise.Now these headwinds are out of the way, 2020 should be a year of growth. Towards the end of last year, management started rolling out its new branch layouts. The company also introduced its first digital personal current account.Without legacy costs and business integration charges, City analysts expect the bank to report earnings per share of 26p in 2021. This implies the stock is trading at a forward price-to-earnings multiple of just 6.8, around half the market average.These numbers suggest the stock offers a wide margin of safety at current levels. On top of its discount valuation, the shares also support a dividend yield of 2.1%.Countryside PropertiesRecent updates from homebuilder Countryside Properties (LSE: CSP) also imply this stock could generate handsome returns for investors in 2020.Countryside is making the most of the booming demand for new homes across the country. The business targets the higher end of the market with an average selling price of around £394,000 in the fourth quarter of last year.And demand is still increasing. The group’s total forward order book at the end of 2019 was just under £1.6bn, up 65% year-on-year.These numbers suggest the business is on track to achieve a better-than-projected performance during the next two years. Analysts are only forecasting revenue growth of 30% during this time. However, the company’s order book suggests growth is likely to be closer to 65%.What’s more, current forecasts don’t seem to account for the fact Countryside’s order book growth is showing no signs of slowing. As such, now could be an excellent time for investors to snap up shares in this homebuilder before the market catches on to the value on offer here.If earnings do indeed grow by 60% in the near term, it looks as if the stock is trading at a mid-single-digit P/E ratio. That implies the stock could double from current levels. There’s also a dividend yield of 3.5% on offer for income investors. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves | Sunday, 2nd February, 2020 | More on: CSP VMUK Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Rupert Hargreaves
Projects Year: Area: 2778 m² Year Completion year of this architecture project Brazil ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/103358/fidalga-727-triptyque Clipboard 2010 ArchDaily CopyAbout this officeTriptyqueOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsSão PauloSao PauloHousingTop100TriptyqueBrazilPublished on January 16, 2011Cite: “Fidalga 727 / Triptyque” 16 Jan 2011. ArchDaily. Accessed 12 Jun 2021.
Mr. Barrett’s House / Daniel ZamarbideSave this projectSaveMr. Barrett’s House / Daniel Zamarbide 2019 Photographs: Dylan PerrenoudSave this picture!© Dylan PerrenoudRecommended ProductsWoodBruagBalcony BalustradesWoodStructureCraftEngineering – Architectural & FreeformWoodEGGERLaminatesMetallicsStudcoWall Stop Ends – EzyCapText description provided by the architects. Internal architecture could name the process through which Mr. Barrett’s House has gone through. An interesting idea, directly borrowed from the medical world, would be to call ourselves internists in this sort of surgical intervention. Everything has been developed from the inside. There is a clear logic to do so when architecture has to face spaces of intimacy, places where the privacy and the interaction and complexity of human relations appear at its least public environment. It is thus about interiority. And the project literally took these criteria as a starting point to develop its conception and construction.Save this picture!© Dylan PerrenoudAn old garage building that was split into a car space basement and small first-floor apartment have been completely emptied and worked out from the inside. The upper wooden chalet was entirely lifted, placed on the side of the actual building and then reinforced, re-structured. Only after this operation, it was placed back on the top of the basement. Save this picture!Save this picture!The two floors are spatially linked through a series of relatively complex sections that create a richness of perception and a feeling of space within the small volume. BUREAU develops a majority of domestic projects concentrated on space making, creating voids where the inhabitants can experience the bodily feeling of projecting one’s perception into space. The goal of this is to create interiority, richness, perceptive experiences that can simply enrich the inhabitation experience. Save this picture!© Dylan PerrenoudIn the case of Mr. Barrett’s house, a new wooden (birch wood) all-over atmosphere is “injected” into the volume, composed now by two full floors. Spatial connections are favored, enhanced, but in a subtle way in order to produce a multiplicity of points of view. The house tries to be a dynamic actor for the future inhabitants, to participate in the everyday life of the users. Save this picture!© Dylan PerrenoudAs the house was not built for a specific user, a fictional character was named to inhabit the project: Mr. Barrett. He is the protagonist of Joseph Losey’s complex movie The Servant. In the scenario (written by Harold Pinter) the house is the play where a series of very complex and intimate relations appear. The interior spaces are constantly utilized as stages for relational dynamics. Mirrors and multiple points of view are shown in the movie; the apartment plays a very active role in the construction of the drama. In our case, there is no drama but a potential occupation of the small space that serves as a plot for a “real-life movie” to come into the house. Save this picture!© Dylan PerrenoudIn terms of preservation and renovation, the palimpsestic character of such a building is completely assumed. Its history and nature are made out of successive layers that module its life. This is one of the reasons for the creations of round holes in the façade. They affirm their contemporaneity which will disappear with time and become part of the vernacular nature of the building. It is an ever-changing process that accepts the time. The interior is approached with care and delicacy, especially in the so important details of such an intricate space. Among other features, the ladder inside one of the upper rooms makes a direct reference to Aby Warburg’s study of the Hoppi Indians.Save this picture!© Dylan PerrenoudProject gallerySee allShow lessStep Inside a 360° Virtual Tour of the Serpentine PavilionArchitecture NewsAtrium Architects Design New Learning Commons for World’s Largest Permafrost CityArchitecture News Share Projects Photographs Architects: Daniel Zamarbide Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/919568/mr-barretts-house-daniel-zamarbide Clipboard “COPY” CopyAbout this officeDaniel ZamarbideOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationGenevaSwitzerlandPublished on June 24, 2019Cite: “Mr. Barrett’s House / Daniel Zamarbide” 24 Jun 2019. ArchDaily. Accessed 11 Jun 2021.
More Cool Stuff STAFF REPORT First Heatwave Expected Next Week The city’s census self-response rate has reached 70.2 percent, according to online data.The number is up from last month when just more than 65 percent of local residents had completed the survey which is taken once every 10 years.The numbers don’t include responses taken at the door by census workers, which means Pasadena’s response rate is well above 70 percent.“Based on the current self-response rate, we anticipate crossing the 71 percent threshold by next week,” said Tiffany Wright, community outreach and media specialist“We’ve made a strong push over the last few months to remind residents how important the census is for them and for our community as a whole,” Wright said. “Every person who isn’t counted means money lost — money that could be used to support public schools, health care services, housing assistance, job creation, public transit, and so many more services residents of all ages depend on.”The Secretary of Commerce has announced a target date of Oct. 5 to conclude the 2020 Census self-response and field data collection operations, according to the US Census Bureau.This census is particularly crucial, for the first time in history, California is at risk of losing two seats in Congress due to potential undercounts, including one seat for Pasadena’s local representative.Population counts from the 2020 census will not only be used to determine how many congressional seats and Electoral College votes each state gets for the next decade but also used to decide the distribution of nearly $900 billion in federal funding for such things as schools, road construction and repair, and many other public services and projects.The city has been pushing for a successful response to the Census since last year, but all of that was impacted by the pandemic and other issues.“COVID, civil unrest, fires, air quality all took the attention off of the importance of Census, yet we tried to highlight all these topics need strong leaders, social services, medical, first responders and education to help move us forward and all the items rely on an accurate and high count to complete their due diligence,” said Pasadena Public Information Officer Lisa Derderian.The National Urban League and several other organizations, including the city of Los Angeles, had sued the government, asking for a preliminary injunction to block the government from concluding the count on Sept. 30.City officials feared a potentially devastating undercount among hard-to-count residents, some of them immigrants fearing the information on the Census would be used as a tool for immigration agents.The Supreme Court blocked the Trump administration from including a question in the Census about immigration status.“Given the fact that the administration seemed determined to suppress responses, everything they did was designed to try and discourage people from answering the Census. If we wind up getting a response rate that approaches where we were last time, then I think we’re doing very well, extraordinarily well,” said Mayor Terry Tornek. 13 recommended0 commentsShareShareTweetSharePin it Name (required) Mail (required) (not be published) Website CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday HerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty18 Ways To Get Rid Of HiccupsHerbeautyHerbeautyHerbeauty10 Brutally Honest Reasons Why You’re Still SingleHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeauty Community News Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News Subscribe Community News Local Census Response Rate Climbs to 70 Percent By ANDRÉ COLEMAN, Managing Editor Published on Tuesday, September 29, 2020 | 3:08 pm Community News STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.
Facebook Limerick Post Show | Into The Stream | Emma Langford Linkedin WhatsApp Advertisement Twitter AN AWARD-winning Limerick singer-songwriter has added story-telling to her repertoire to for her fans as restrictions on crowds were implemented by Government to combat the COVID-19 (coronavirus).Emma Langford addressed the closure of many venues and seeing many artists have tours cancelled by getting creative and announcing on her social media platforms that her Patreon subscribers would be treated to her reading some bedtime stories.Sign up for the weekly Limerick Post newsletter Sign Up “If this creative lock-down we’re seeing where venues are closing and artists are cancelling tours has shown me anything, it’s that necessity is truly the mother of innovation,” Emma told the Limerick Post.She noted how in recent times we have seen many professions including musicians, artists, and teachers “getting creative” with remote sharing and teaching.“I’ve wanted to record readings of bedtime stories for ages; I love when someone reads to me – properly, doing the voices and everything – my dad always read to me as a kid, and it was so comforting,” she said.As the world faces many difficulties due to the spread of COVID-19 (coronavirus), the artist said, “a lot of people need comforting, so I said I’d stop saying ‘I want to start’ and just start.”The Limerick musician said the benefit of making the stories available on Patreon is two-fold:“They’re not expensive to access, people can sign up for $2 a month to access everything, but all of those subscriptions add up, so it’s hugely helpful for an independent artist like me. “And then there’s just the lovely aspect of me getting some reading in, and fans getting read to. “It’s gorgeous really and people have responded really well to it – listeners and authors. I have people sending me their books to read from.”The Patreon model allows fans to support their favourite creatives by paying a monthly subscription of their choice for access to exclusive content and a closer look into their creative journey.You can find the bedtime stories and more content on Emma’s Patreon at https://www.patreon.com/emmalangfordHow you can support local artists:Emma Langford: Patreon BandcampCitrus Fresh: BandcampHazey Haze: BandcampKathleen Turner: BandcampPX Music: BandcampPowPig: BandcampHis Father’s Voice: BandcampPost Punk Podge and the Technohippies: BandcampGavin DaVinci: BandcampBlindboy Podcast: PatreonAKIA: BandcampMankyy: BandcampAswell: BandcampThe Unscene: Bandcampemail [email protected] to be added to this list NewsCommunityLifestyleEntertainmentMusicLimerick musician opens a chapter on bedtime storiesBy Cian Reinhardt – March 16, 2020 164 Email Print Previous articleSeven winners overall for JP as he takes Leading Owner award at CheltenhamNext articleOnline application for job seekers benefits Cian Reinhardthttp://www.limerickpost.ieJournalist & Digital Media Coordinator. Covering human interest and social issues as well as creating digital content to accompany news stories. [email protected] RELATED ARTICLESMORE FROM AUTHOR Lime Tree Theatre presents Into The Stream with Emma Langford and Friends Limerick Post Show | Raging Sons release Someone Else’s Love Limerick Post Show | Niamh talks Limerick Government announces phased easing of public health restrictions Limerick health chiefs urge public not to withhold information on virus contacts, as they investigate “complex and serious outbreaks” across midwest region TAGSbandcampCoronavirusemma langfordentertainmentmusicmusicianNewspatreon
About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Tagged with: ERISA Law Ocwen Wells Fargo in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago ERISA Law Ocwen Wells Fargo 2019-03-19 Seth Welborn March 19, 2019 2,428 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 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. Demand Propels Home Prices Upward 2 days ago Ocwen, Wells Fargo Suit Not Over Yet Demand Propels Home Prices Upward 2 days ago On Monday, a New York Federal Judge decided not to rule on the bids to toss out a proposed Employee Retirement Income Security Act (ERISA) class action suit, Law360 reports. The suit accused Ocwen Financial Corp and Wells Fargo of exploiting homeowners during the financial crisis.”The [first amended complaint] also asserts that Ocwen ‘exercised sweeping, unchecked control of the management and disposition of securitized mortgages, and was a fiduciary under ERISA to the benefit plans that invested in those mortgages,'” the judge said. “Ocwen and Wells Fargo, however, have filed numerous exhibits in conjunction with their motions to dismiss, which cast considerable doubt on plaintiffs’ ability to support these allegations.”In March 2018, trustees of the United Food & Commercial Workers Union & Employers Midwest Pension Fund alleged that Ocwen had pushed homeowners into foreclosure during the financial crisis in 2007 and 2008, in order to profit off of foreclosures, while Wells Fargo stood by instead of supervised.Ocwen, with control over the mortgages in the American Home Mortgage Investment Trusts, had an ERISA-imposed duty to make responsible decisions on behalf of trust investors like the fund, according to the trustees. According to U.S. District Judge Vernon S. Broderick, two conditions had to be satisfied in order to move forward with the trustees’ ERISA claims — the mortgages underlying the trusts had to be plan assets and Ocwen had to qualify as an ERISA fiduciary to the plan.According to Law360, while the trustees have claimed that these conditions have been met, the judge stated that Ocwen and Wells Fargo had submitted evidence that suggested otherwise. Additionally, Judge Broderick tossed a number of the other dismissal arguments without prejudice to potentially be refiled after those motions were decided.”In particular, the judge recognized that contractual clauses cannot extinguish ERISA breach of fiduciary duty claims,” said Justin S. Brooks, an attorney for the trustees. “We look forward to proceeding with the discovery ordered by the court and moving this important case forward.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Ocwen, Wells Fargo Suit Not Over Yet Previous: Fair Housing Update: Facebook and Citibank Address Discrimination Accusations Next: McCarthy & Holthus Responds to Supreme Court Foreclosure Ruling Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Share Save Related Articles Subscribe
The Best Markets For Residential Property Investors 2 days ago A new announcement by U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Benjamin Carson revealed an array of new flexibilities states and local government can use their Community Development Block Grant (CDBG-CV) funds, as well as other federal funds, to pay for. This specific grant, which was appropriated by the CARES Act, was specifically targeted to aid communities in surviving and recovering amid the coronavirus outbreak.This announcement is a great boon for Americans as it offers much more flexibility in determining how these funds can be utilized in each individual and unique community. Currently, HUD has provided the nation with over $3 billion in CDBG-CV funds in an effort to support communities as they combat the spread of COVID-19, and deal with the resulting economic strain that has come along with it (among myriad other complications and hardships).The “other federal funds” mentioned above regards the allowance that HUD is now providing, allowing flexibility to communities that desire to spend their existing, non-CARES Act federal dollars toward coronavirus recovery efforts as well.In his official announcement, Secretary Carson stated the reasonings for this move: “As communities recover from the impacts of the coronavirus outbreak, HUD is providing States and local units of governments with the flexibility they need to effectively target funds to those efforts that need it most. In combatting the novel coronavirus, we have to be responsive to challenges as they arise.”The main highlights of the official announcement regarding these newly available flexibilities for use of their CDBG-CV funds include the fact that states may carry out activities directly or pass funds through to local governments in both rural and urban areas throughout the state. (Some funds must be set aside for rural areas.)Also noteworthy is the fact that the rules regarding economic development were updated and streamlined. This was done in order to enable grantees to move more swiftly to offer aid to small businesses in particular. A final allowance that is key is the provision for emergency payments to be offered to a provider or landlord on behalf of a family or individual. There are however limitations for this allowance (usually limited to 90 days, but may extend for up to six months). HUD Grants State, Local Officials Receive More Fund-Spending Flexibility Print This Post Home / Daily Dose / HUD Grants State, Local Officials Receive More Fund-Spending Flexibility The Week Ahead: Nearing the Forbearance Exit 2 days ago HUD 2020-08-14 Christina Hughes Babb Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Industry Reaction: Fannie and Freddie’s Adverse Market Fee Next: How Many Mortgages Are Now in Forbearance? Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Andy Beth Miller Tagged with: HUD The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago August 14, 2020 1,000 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribe