Done deal: Biden signs $1.9T stimulus with billions for real estate

first_img Full Name* CoronavirusHousing MarketJoe BidenPoliticsReal Estate and Politics Share via Shortlink Email Address* Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags President Biden signing the $1.9 trillion COVID relief bill on March 11. (Getty)President Joe Biden signed the $1.9 trillion stimulus package on Thursday, aggressively expanding federal aid to renters, homeowners, small businesses and more.“This historic legislation is about rebuilding the backbone of this country,” Biden said before signing the bill, “and giving the people of this nation, working people, the middle-class folks, people who built the country, a fighting chance.”Biden originally planned to sign the legislation, known as the American Rescue Plan, Friday.The bill, which touches on issues ranging from health care to child care, has a few impacts on real estate. Here are the five provisions most noteworthy to the industry:1. Rent and mortgage assistanceThe bill includes $21.55 billion for emergency rental assistance, $5 billion for emergency housing vouchers and $100 million for rural housing.ADVERTISEMENTIt also provides funds for marginalized communities hurt by the coronavirus pandemic, such as $5 billion to help people experiencing homelessness and $750 million for Native American communities.2. Small businesses and restaurantsThe bill provides $28.6 billion to go to eligible restaurants in grants of up to $5 million.Restaurant owners are also eligible for a $15 billion Emergency Injury Disaster Loan program, which provides long-term, low-interest loans.The package appropriates $7.25 billion to the Paycheck Protection Program, which has already disbursed more than $662 billion in forgivable loans.3. State and local reliefState and local governments are facing pandemic-induced budget shortfalls in the coming months and years, raising concerns among the real estate industry that taxes will be raised.But the Biden bill designates $350 billion to states, cities, tribal governments and U.S. territories to mitigate the impacts of the coronavirus pandemic.The bill also adds a $10 billion infrastructure program to help local governments with capital projects.4. HomelessnessIn addition to the $5 billion for people experiencing homelessness, the bill provides $510 million for the FEMA Emergency Food and Shelter Program, which supports homeless services providers. That money may be used for overnight shelter, meals, one month’s rent and mortgage assistance and one month’s utility payments.5. Stimulus checksThe $1,400 payments that Americans have been awaiting for months is on its way. Individuals making under $75,000 and couples filing jointly making under $150,000 would receive $1,400 per person. The bill also provides $1,400 per dependent.Smaller checks will go out to individuals making more than $75,000 and couples making more than $150,000, but the benefit phases out at $80,000 and $160,000, respectively.Meant to boost the economy, the checks make up roughly $400 billion of the package. The previous two stimulus checks have been correlated with increased retail spending, benefiting retailers and, indirectly, their landlords.Read moreWhat real estate gets in Biden’s $1.9 trillion packageNational eviction moratorium ruled unconstitutional, but remains in placeBiden to extend foreclosure moratorium, mortgage forbearance Contact Sasha Joneslast_img read more

C-NS’s Putman breaks third school record at Utica College meet

first_imgMeanwhile, Blaisdell went 16’8 1/4″ to finish second in the long jump, with Julianna Hutt (16’3 1/2″) in fifth place as Blaisdell also going 37′ 1/2″ for second place in the triple jump.Putman paired with Allison Newton, Hannah Boyle and McKenna Slate for second place in the 4×400 relay in 4:08.55 behind Shenendehowa’s meet-record 4:06.33. Boyle also was sixth in the 300-meter dash in 43.23 seconds.Schulz, in 1:39.77, beat out Boyle (1:40.07) and Putman (1:41.03) for second place in the 600-meter run. Liverpool also was fifth in the 4×800 relay in 10:21.87 as Sydney Carlson was sixth in the 1,000-meter run.Meanwhile, in the boys CNY “Higher, Farther, Faster” meet, C-NS had 39 points for fourth place and Liverpool was 12th with 22 points.R.J. Davis nearly won the 1,000 for C-NS, his time of 2:37.77 just behind the 2:37.56 from Shaker’s Francisco Mendonca. Sam Nessel went 36.92 seconds in the 300 to finish third as the Northstars were third in the sprint medley relay in 3:58.15.Isaiah Wright rose to third place in the 55 hurdles in 8.10 seconds as Carlton Garnes (8.29) was fifth. Matt LeClair was eighth in the 1,600-meter run as Wright was seventh in the long jump and Garnes seventh in the triple jump.Liverpool had its best finish in the 3,200-meter run, where Jake McGowan, finishing in 9:51.75, trailed only the 9:50.06 from Baldwinsville’s Colin Delaney as C-NS’s Zach Bergman was sixth in the unseeded race.Bennett Robb clear 6 feet in the high jump for fourth place, with Jalen Graham fifth in the weight throw by going 50’11”. C-NS was sixth in the 4×400 as Liverpool also was sixth in the 4×800 and eighth in the 4×200 relay.Share this:FacebookTwitterLinkedInRedditComment on this Story All told, C-NS finished second in the girls team standings with 64 points, just ahead of Liverpool in third place with 59 points as Shenendehowa (103.5 points) claimed the top spot.The Warriors featured Amina Sinclair winning the high jump by clearing 5 feet 4 inches, with C-NS’s Lilly Capria sixth at 4’10” as Kali Hayes won the 55-meter hurdles in 8.81 seconds, just ahead of the 9.12 from the Northstars’ Brooke Blaisdell.Imahni Sinclair prevailed in the weight throw, heaving it 46’3″, more than five feet ahead of the field as she also got seventh place in the shot put, going 33’10 1/4″. Tags: C-NSindoor trackliverpoolcenter_img Though only a ninth-grader, Cicero-North Syracuse’s Kate Putman already occupies a large place in the girls indoor track and field program’s record books with school marks in 500 and 600-meter events.And Putman added to that legacy with a superb performance at 3,000 meters last Friday in the Central New York “Higher, Farther Faster” Invitational at Utica College’s Hutton Dome, nearly catching Liverpool superstar Jenna Schulz.With her time of nine minutes, 54.35 seconds, Putman shattered Maria LaMontagne’s nine-year-old school mark of 10:06.87 by more than 12 seconds, and was second overall, less than three seconds behind Schulz’s winning 9:51.78.last_img read more

Two Cases of COVID-19 Reported in Town of Palm Beach

first_imgFlorida currently has 390 cases of COVID-19, with about half of those in South Florida. Palm Beach County currently has 29 confirmed cases. Two cases of coronavirus were confirmed Thursday afternoon in the Town of Palm Beach.According to Town Manager Kirk Blouin, one of the residents was taken by paramedics and tested positive, while the other person is the daughter of a town resident who public safety personnel encountered on a call. It is unclear whether she is a resident of the island.last_img

The Pistons are 10-3, and might be the surprise of the NBA

first_imgReggie Jackson of the Detroit Pistons reacts reacts to a call late in the game next to Luke Babbitt #8 of the Atlanta Hawks at Little Caesars Arena on November 10, 2017 in Detroit, Michigan. Detroit won the game 111-104. Gregory Shamus/Getty Images/AFPThe Detroit Pistons are heading on the road for a few days, so maybe someone will see them play.They’ve certainly been worth watching.Detroit’s 10-3 start, good for No. 2 in the Eastern Conference standings, is one of the biggest good surprises in the NBA through the season’s first month. The Pistons already have a road win at Golden State, swept a five-game homestand — possibly to the delight of all those unoccupied red seats at Little Caesars Arena, more on that in a moment — and are off to their best start in 12 years.ADVERTISEMENT Trending Articles PLAY LIST 00:50Trending Articles01:48NBA: Kawhi, George seek more for Clippers than beating Lakers01:08Huge Toronto crowd celebrates Raptors’ historic win01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kammuri turning to super typhoon less likely but possible — Pagasa QC cops nab robbery gang leader, cohort Don’t miss out on the latest news and information. “I know that we’re playing as a team right now,” Detroit’s Luke Kennard said. “We’re really locked in. We’re really playing together and we play hard. When you have a team that does that together, you win.”Now comes the test.Starting Wednesday, the Pistons play five of their next six games on the road — visiting Milwaukee, Indiana and Minnesota before returning home to face Cleveland, then heading right back out for a trip to Oklahoma City and Boston.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutAfter topping Miami to finish off a 5-0 homestand Sunday, Pistons coach Stan Van Gundy made no effort to hide how pleased he is right now.“We did a great job here, and now you just move on to the next challenge,” Van Gundy said. “Now nine of 11 on the road, the next three games on the road against teams you beat at home so you know they want back at you. The challenges just keep mounting, but you put wins in the bank.” Brace for potentially devastating typhoon approaching PH – NDRRMC Maybe at some point, there will be fans in the seats.The brand-new Detroit arena has a listed capacity for basketball at 20,491, which was the announced crowd for opening night. In seven games since, the Pistons have announced crowds between 13,709 and 17,683 — and those numbers may be generous, given how empty the building looks on television. Officially, Detroit sold 76 percent of its tickets in those seven games.GIANNIS WATCHTechnically, no foreign player has ever won an NBA scoring title. Dominique Wilkins has one and he was born in Paris, but only because his father was in the U.S. Air Force.Giannis Antetokounmpo may change that in a few months. And if not this season, then probably soon enough.The Milwaukee star who hails from Greece went into this week averaging just over 31 points per game and leading the league in that department. He was the Most Improved Player last season and don’t be surprised if he gets more votes for that trophy this season — along with MVP ballots as well.ADVERTISEMENT CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA LATEST STORIES Read Nextcenter_img No resolution: PBA Board leaves LA with league’s fate hanging Stronger peso trims PH debt value to P7.9 trillion — Oklahoma City at San Antonio, Friday: Russell Westbrook has triple-doubles in his last two games vs. the Spurs.— Houston at Memphis, Saturday: The Rockets’ wide-open offense goes up against the Grizzlies’ airtight defense.— Washington at Toronto, Sunday: John Wall vs. Kyle Lowry might get overlooked on an NFL Sunday, but shouldn’t.STAT LINE OF THE WEEKPaul George, Oklahoma City: His 37-point, eight-rebound, five-assist game against Dallas on Sunday wasn’t even his best game of the week (he had 42, 9 and 7 two nights earlier against the Clippers). But the Sunday game gets the nod since it came on Russell Westbrook’s birthday and when asked what he got his teammate, George said “I got him 37.” Japan ex-PM Nakasone who boosted ties with US dies at 101 “He plays now to destroy you,” Spurs coach Gregg Popovich told reporters last week before Antetokounmpo scored 28 in Milwaukee’s road win over San Antonio. “In the beginning he was pretty darn good and he would do this and he would do that. But now he knows he can do it to you every time. He’s for real.”Antetokounmpo turns 23 on Dec. 6. The only other players in the last 50 years with 5,000 points, 2,000 rebounds and 1,000 assists before celebrating their 23rd birthdays — Hall of Famer Tracy McGrady, and future Hall of Famer LeBron James.ANNIVERSARIESA couple of significant milestone dates are nearing.Sunday marks the 13th anniversary since the so-called “Malice at The Palace,” the infamous brawl involving Indiana and Detroit after Metta World Peace (then Ron Artest) went into the stands after a fan hit him with a drink. The aftermath included nine players being suspended, and security in NBA arenas has been different ever since.And Tuesday is the 16th anniversary of the first call-up from what is now called the NBA G League — the Denver Nuggets brought eventual NBA champion Chris Andersen up from the Fayetteville Patriots, a move that paved the way for hundreds of players to truly view the development league as a springboard to the NBA.THE WEEK AHEADSome games to keep an eye on over the coming days:— Philadelphia at L.A. Lakers, Wednesday: Ben Simmons and Lonzo Ball, a matchup of future NBA assist leaders.— Golden State at Boston, Thursday: An NBA Finals preview? The road team has won five straight in this series. MOST READ John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Typhoon Kammuri accelerates, gains strength en route to PH View commentslast_img read more

Jazz dump Clippers for 1st 5-game win streak of season

first_imgLATEST STORIES Mitchell, coming off Western Conference player of the week honors, has averaged 30.3 points over his last six games.The Jazz are 8-2 in their last 10, matching Golden State’s record as the best in the West over that stretch.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“Nothing’s different. We’re just a bit more focused,” Mitchell said. “We didn’t overreact at the beginning of the year. We just knew if we kept being persistent and doing what we do, there’d be no problem.”Jae Crowder added 23 points, Rudy Gobert had 23 points and 22 rebounds for his 37th double-double of the season and Kyle Korver had 19 points for the Jazz, who had six players in double figures. Utah shot 51 percent from the floor. “Our defense was just god-awful,” Clippers coach Doc Rivers said. “That just can’t happen.”Leading by 16 to start the fourth, Utah got three consecutive 3-pointers, two by Korver and one by Mitchell, to go up 104-81.Lou Williams scored 10 of the Clippers’ next 13 points to draw them to 107-92.The Jazz made 30 of 37 free throws, while the Clippers were 9 of 14.“We’ve been playing pretty good defense and haven’t shot the ball as well as we want to and tonight we shot it really well,” Utah coach Quin Snyder said. “Guys were moving the ball and sharing it and finding the open man.”ADVERTISEMENT LOOK: Joyce Pring goes public with engagement to Juancho Triviño LOOK: Joyce Pring goes public with engagement to Juancho Triviño Utah Jazz forward Derrick Favors, left, shoots as Los Angeles Clippers forward Danilo Gallinari defends during the first half of an NBA basketball game, Wednesday, Jan. 16, 2019, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES— After going 9-12 through the first two months of the season, the Utah Jazz are moving up.Donovan Mitchell scored 28 points in Utah’s 129-109 victory over the Los Angeles Clippers on Wednesday night for its first five-game winning streak of the season.ADVERTISEMENT SEA Games: Biñan football stadium stands out in preparedness, completion Private companies step in to help SEA Games hosting Is Luis Manzano planning to propose to Jessy Mendiola? PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss SEA Games hosting troubles anger Duterte UP NEXTJazz: Host Cleveland on Friday.Clippers: Host Golden State on Friday. LA won the first matchup 121-116 in overtime on Nov. 12.Sports Related Videospowered by AdSparcRead Next Williams finished with 23 points off the bench to lead the Clippers, who have lost four straight for the second time this season. Tobias Harris added 17 points and Avery Bradley 15 points.“We had some slippage,” Williams said. “Everybody goes through their ruts. You take your lumps and get ready for the next one.”Los Angeles rallied in the second, getting within one on a 3-pointer by Bradley. But Utah answered with an 8-2 run to go into halftime leading 56-49.TIP-INSJazz: They improved to 8-7 on the road against Western Conference teams. … The lineup of Mitchell, Royce O’Neale, Joe Ingles, Favors and Gobert improved to 4-0 together.Clippers: Rivers got a technical early in the fourth. … They also dropped four straight from Dec. 11-17.BIG BLOCKGeorges Niang came up with a huge block of Patrick Beverley at the net early in the second.“It might be the play of the year, so far. I didn’t think he was going to get it,” said O’Neale, who turned and asked Niang if he surprised himself.“I did, I did,” Niang replied. “I thought I was going to get the backboard but then I got the ball.” MOST READ TS Kammuri to enter PAR possibly a day after SEA Games opening LeBron James misses Lakers road trip, to return to practice next week SEA Games: Biñan football stadium stands out in preparedness, completion Don’t miss out on the latest news and information. View commentslast_img read more

Eddie Alvarez gets knocked out in opening round of ONE debut

first_imgTrump tells impeachment jokes at annual turkey pardon event The heavy-handed Russian delivered the biggest surprise so far as he knocked out Alvarez in just the opening round.“I feel very good. Its my style. I like to finishoff opponents in the first round and I did it,” Nastyukhin said through a translator after their Lightweight World Grand Prix quarterfinal.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsNastyukhin unleashed that started with solid right that rocked Alvarez before the fight was stopped.The 35-year-old Alvarez has won titles in the UFC and Bellator but winning a belt in ONE may be harder than it looks. PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Don’t miss out on the latest news and information. Private companies step in to help SEA Games hosting Bloomberg: US would benefit from more, not fewer, immigrants Panelo: Duterte ‘angry’ with SEA Games hosting hassles MOST READ Cadence when running may be less important for performance than previously thought Cayetano: Senate, Drilon to be blamed for SEA Games mess Sports Related Videospowered by AdSparcRead Next LATEST STORIES Google Philippines names new country director Wintry storm delivers US travel woes before Thanksgiving Eddie Alvarez absorbs a thundering right punch. Photo from ONE ChampionshipTOKYO, Japan—Eddie Alvarez wanted the most dangerous opponent available and he got more than what he asked for in Timofey Nastyukhin.Nastyukhin gave Alvarez a rude welcome in his ONE Championship debut in ONE: A New Era Sunday at Ryogoku Kokugikan here.ADVERTISEMENT Colombia protesters vow new strike after talks hit snag View commentslast_img read more

10 months agoAusilio: Dybala would be Inter Milan player if we…

first_imgAusilio: Dybala would be Inter Milan player if we…by Carlos Volcano10 months agoSend to a friendShare the loveInter Milan chief Piero Ausilio says Paulo Dybala could have been a Nerazzurri player.Dybala has emerged as one of the most exciting attackers in the world at Juventus.And Ausilio recalled a meeting with former Palermo president Maurizio Zamparini: “A meeting was organised between the two presidents, Zamparini can confirm it, and I am convinced that if Inter on that occasion at the home of the president of Palermo had more desire and determination to spend more probably Dybala would be an Inter player.”The offer was honestly much lower than what Juventus did. The pair of (Mauro) Icardi-Dybala was intriguing to all.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

72 polling recorded in Vellore

first_imgChennai: Vellore parliamentary constituency recorded nearly 72 per cent polling on Monday, officials said. There were no untoward incidents, police said, even as there were some reports of EVMs and VVPATs malfunctioning. Tamil Nadu Chief Electoral Officer (CEO) Satyabrata Sahoo said “about 72 per cent” of the total 14.32 lakh voters cast their votes on Monday in the six Assembly constituencies covered under the Vellore Lok Sabha segment. “The final figures are still awaited,” he said. The constituency is witnessing a fight between AIADMK and DMK, with A C Shanmugam of the ruling party taking on Kathir Anand, son of senior DMK leader Durai Murugan. Counting of votes of will be taken up on August 9. Also Read – Uddhav bats for ‘Sena CM’The poll outcome is being keenly awaited as a win for the AIADMK would be seen as an endorsement of Chief Minister K Palaniswami’s two year rule, although the party had little to boast of in the April 18 polls. If DMK wins, it will be perceived as a verdict against the ruling party, with the state poised to face the general elections in 2021 at the end of the current term. Both Palaniswami and Stalin had embarked on a hectic campaign schedule, fighting hard to reaffirm their respective parties’ dominance. Though polling was originally scheduled in Vellore on April 18 along with the rest of the 38 Parliamentary segments in Tamil Nadu, it was then rescinded after Income Tax officials seized money allegedly meant to bribe voters.last_img read more

Muskrat Falls estimate surpasses 11B Project was not the right choice

first_imgThe Canadian Press ST. JOHN’S, N.L. – Estimated costs for the troubled Muskrat Falls hydro megaproject in Labrador have now hit $11.4 billion including financing.That’s up from an original estimate of $7.4 billion — including the cost of borrowing — when the development was sanctioned in 2012.First power from the dam and hydro station under construction on the lower Churchill River was expected next year.But Nalcor Energy CEO Stan Marshall now says first power is delayed until the fall of 2019.“In my opinion the Muskrat Falls project was not the right choice,” Marshall told a news conference Friday.Still, he said he expects the project will “finish strong.”Full power from Muskrat Falls to the island of Newfoundland and on to Nova Scotia through subsea cables is expected in mid-2020.Marshall says original cost estimates were optimistic or overly aggressive.He also says some contractors lacked experience working in harsh environments and that early execution by some “was poor.”About $6.7 billion has been spent or is already committed to the project.Marshall says most problems stem from construction of the power plant. He says Nalcor is in “a major dispute” with construction contractor Astaldi Canada. He said it’s the major uncertainty for Muskrat Falls but that talks continue.Marshall says electricity rates for domestic customers are now expected to rise to 21.4 cents per kilowatt hour in 2021, before tax. That’s up 6.3 cents from forecasts when the project was sanctioned in 2012.Sales of available export power would bring those estimates down by less than a cent, Marshall predicted.Consumers in the province paid about 12 cents per kilowatt hour last year before tax. That compares to almost 15 cents in Ontario and 16 cents in Nova Scotia.Marshall says forecasted energy needs have decreased, but the province still needs a new source of power to replace the aging Holyrood plant and to meet future demand.He predicts by the time Muskrat Falls comes onstream, consumers in the province will be paying among the highest rates in the country.Still, Marshall – who took over just two months ago as CEO of the project, which was sanctioned by the former PC government – says it’s too late to turn back.“It was a gamble,” Marshall said of energy price assumptions made when the project was approved.“And it has gone against us.”The province is obligated to provide power to Nova Scotia utility Emera for 35 years. Nixing Muskrat Falls and myriad contracts would be far more expensive than forging ahead, he said.“The project was too big for our needs,” says Marshall. “We speculated, and we lost.”last_img read more