November 16, 2008

A Risk Worth Taking

Source: Newsweek

In recent months, conservative economists and editorialists have tried to pin the blame for the unholy international financial mess on subprime lending and subprime borrowers. If bureaucrats and social activists hadn't pressured...

November 11, 2008

Federal Coordinator Douglas O'Dell Encourages Miami Construction Industry to Invest in New Orleans and Gulf Coast

Source: Department of Homeland Security

New Orleans, La. – General Douglas O'Dell, federal coordinator for Gulf Coast Rebuilding, today in a videotaped message told investors, builders and key leaders at the Miami to New Orleans Construction Summit that they have an...

November 10, 2008

Fannie Posts Loss of $29 Billion, Hit by Write-Down

Source: The Wall Street Journal

Fannie Mae's third-quarter net loss widened on a $21.4 billion write-down of deferred tax assets it would have used to offset taxes on future profits, showing the red ink at the government-sponsored provider of funds for home...

November 7, 2008

NeighborWorks America Launches New "Green" Website for Healthy and Sustainable Homebuilding and Comm

Source: NeighborWorks

NeighborWorks America recently launched a new website (www.nw.org/green) designed to help the housing and community development industry create "greener" and healthier housing and communities. The launch follows the corporation's...

November 5, 2008

National New Markets Fund Awarded $50 Million Tax Credit Allocation to Invest in Low-Income Communities

Source: Marketwatch

National New Markets Fund, LLC (NNMF) -- a tax credit equity fund created by Los Angeles-based Strategic Development Solutions (SDS) and Boston-based Economic Innovation International -- has been awarded a $50 million New Markets...

November 5, 2008

NYC Commercial Property Sales Plunge in Credit Freeze

Source: Bloomberg.com

New York City commercial real estate transactions plunged 61 percent in 2008 through October as the global credit crisis roiled lending and sidelined buyers

November 1, 2008

Community Investment Loans - An Option in Tight Times

Source: The NonProfit Times

took a Nobel Peace Prize to get microfinance on the map -- at least in the mainstream - even though the idea had been around for decades. Community investment notes were started well more than a decade ago but you might have a...

October 26, 2008

JCPenney Breaks Ground on Future LEED Store in Fairview

Source: CSR Wire

PLANO, Texas -- J. C. Penney Company, Inc. (NYSE: JCP) broke ground Oct. 23 in Fairview, Texas, on its first store registered and expected to obtain LEED certification. The LEED (Leadership in Energy and Environmental Design)...

October 21, 2008

U.S. Moves Toward Stimulus as Bernanke, Bush Shift (Update1)

Source: Bloomberg

Lawmakers and officials moved toward forging a second fiscal stimulus bill after Federal Reserve Chairman Ben S. Bernanke endorsed the idea and the Bush administration dropped its opposition. Bernanke warned legislators yesterday...

October 15, 2008

CALIFORNIA ELECTIONS; Backers Hope Voters Give Bullet Train A Shot ; Prop. 1A Is Seen As Key To The State's Future. But Foes Say Projected Costs And Travel Times Are Way Too Low.

Source: Los Angeles Times
Eric Bailey, Times Staff Writer

For a quarter century it has been a California dream on one drafting board or another -- a bullet train system so novel, environmentally friendly and fleet that it could reshape transportation in the car-crazy Golden State.

Now,...