Uganda Clays Limited (UCL.ug) HY2012 Interim Report

first_imgUganda Clays Limited (UCL.ug) listed on the Uganda Securities Exchange under the Building & Associated sector has released it’s 2012 interim results for the half year.For more information about Uganda Clays Limited (UCL.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Uganda Clays Limited (UCL.ug) company page on AfricanFinancials.Document: Uganda Clays Limited (UCL.ug)  2012 interim results for the half year.Company ProfileUganda Clays Limited manufactures and markets clay products for the building and construction industry in Uganda. Its product offering ranges from roofing tiles, bricks and floor tiles to decorative grilles, ventilators, pipes and suspended floor units and partition blocks. The company supplies the local building trade in Uganda and exports products to Kenya, Tanzania, Burundi, Rwanda, the DRC and South Sudan. Uganda Clays Limited was founded in 1950 and its head office is in Kampala, Uganda. Uganda Clays Limited is listed on the Uganda Securities Exchangelast_img read more

Shapeshifter / Ogrydziak Prillinger Architects

first_imgArchDaily “COPY” Area:  548 m² Year Completion year of this architecture project 2018 Photographs:  Joe FletcherSave this picture!© Joe FletcherRecommended ProductsWindowsFAKRORoof Windows – FPP-V preSelect MAXDoorsVEKADoors – VEKAMOTION 82Enclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreDoorsGorter HatchesRoof Hatch – RHT AluminiumText description provided by the architects. Two art collectors and dealers specializing in contemporary art and art of the American West decided to move from the arid high desert outside of Reno to a less remote site overlooking the city. They wanted a house that would both reflect the contemporary moment and be explicit of the West.Save this picture!© Joe FletcherSave this picture!Floor PlansSave this picture!© Joe FletcherThe new site, a large lot located on a bluff in an established neighborhood, gazes off at the desert mountains in the distance, but otherwise offered little other inspiration. We joined the site in gazing off at the bare mountains and decided to think about the desert as a real environment as well as its ambivalent role in the cultural imaginary.Save this picture!© Joe FletcherThe American desert has a history of being understood as a place of lack, emptiness, or otherness. Framed as a barren wasteland, a kind of ‘no place’, the desert has been appointed the perfect test site, a place for all genres of experimentation – military, scientific, and social.Save this picture!© Joe FletcherThe desert is rarely seen for itself, instead of acting as a mirror for various projected fantasies: wilderness, frontier, and heterotopia. Enduringly mercurial, it is a sandbox that changes forms to fit the imaginations of the user, a space of ambivalence and uncertainty.Save this picture!© Joe FletcherIn our case, the flat, empty lot became a test site to reinstate the ecology of the Great Basin Desert into the generic sprawl of Reno. The desert shapes the project both as a specific environment and as an idea. We see the return of the desert as the return of the repressed, a resilient ground that drifts and surges to form both landscape and shelter. Invoking the desert as a shapeshifter par excellence, the project began by treating the ground as a fluid material that allows different forms to emerge, then flicker or dissolve into other forms.Save this picture!© Joe FletcherShapeshifter explores slippery form by seeing the ground as a mutable, protean material, an untapped unconscious. Inspired by desert topography, we reshaped the site into anticlines and synclines, dunes and blowouts, and gradually the form of the house emerged with the terrain. Then we hardened what was initially conceived of as a soft form into a regular mesh composed of planar faces. Every edge is entirely shared: no edges terminate in the middle of another edge. This results in a flow of space that supports extreme difference without discontinuities.Save this picture!© Joe FletcherSave this picture!SectionsSave this picture!© Joe FletcherElements of the house slide into each other with shifting relationships of fractured symmetries, local axes, and embedded parallelisms. Topologically, the house is spatially slippery, a twisted torus with several secondary and tertiary bubbles of space. The landscape is populated by native plants – grasses, desert scrub, and wildflowers. Save this picture!© Joe FletcherThe desert begins to reassert itself within the city – maybe it will spread. Historically, landscape form has been allowed to be more relaxed than architecture, but in this case, landscape informs the architecture to the point that the two are inextricable: another desert mirage.Save this picture!© Joe FletcherProject gallerySee allShow lessStudents at the University of Stuttgart Create Adaptable Canopy That’s Reconfigured …Architecture NewsWorld Trade Center Transportation Hub Oculus Designed in Remembrance of 9/11Architecture News Share Shapeshifter / Ogrydziak Prillinger ArchitectsSave this projectSaveShapeshifter / Ogrydziak Prillinger Architects Save this picture!© Joe Fletcher+ 41Curated by Fernanda Castro Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/901651/shapeshifter-oparch Clipboard CopyAbout this officeOgrydziak Prillinger ArchitectsOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOgrydziak Prillinger ArchitectsUnited StatesPublished on September 11, 2018Cite: “Shapeshifter / Ogrydziak Prillinger Architects” 11 Sep 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/901651/shapeshifter-oparch Clipboard CopyHouses•United States United States Projects Shapeshifter / Ogrydziak Prillinger Architects Photographs Houses Architects: Ogrydziak Prillinger Architects Area Area of this architecture project Year:  “COPY”last_img read more

Leonard Cheshire launch Christmas appeal

first_imgLeonard Cheshire launch Christmas appeal About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. This year’s Leonard Cheshire Christmas appeal mailing will be sent out later this month to warm donors, and will highlight thesevere shortfall of respite care services in the UK.The mailing from the UK’s largest voluntary sector provider of support to disabled people will illustrate the problem through a collection of newspaper cuttings based on articles from national newspapers. The main letter highlights the benefitsof respite services to disabled people and their families and calls on donors to support Leonard Cheshire’s respite services.Leonard Cheshire, Head of Individual Giving, Pippa Jones said: “Christmas isour most important mailing. We hope that using genuine news cuttings to illustrate the problem will have a real impact on our donors at a time when thoughts focus on the family environment.” Advertisement Howard Lake | 16 November 2003 | News  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Individual givinglast_img read more

Increase in payroll giving donors ‘could not have happened in one year’

first_imgUnderlying ‘steady growthHMRC concludes that, because of the “turbulence” around data collection this year, focus should be on the “underlying behavior” of “steady” growth.There has been a steady increase in the number of donors giving through their salaries over the past 20 years – climbing at a steady rate from 280,000 in 1990/91. The only other time there has been a sudden jump in the numbers of donors and total donations was between 1999 and 2001, when donations made under the Children’s Promise were included.The number of donors appears to have plateaued between 2007 and 2012 before 2012/13’s sudden hike. In this five-year period, the average number of payroll giving donors varied between 720,000 and 758,000, (with an annual average of 738,000 donors), making average annual donations of £110 million.But this does not satisfy critics of payroll giving such as Joe Saxton, who says there are “structural problems” with payroll giving – such as charities not owning contact information for donors – that any rise in numbers of donations or donor won’t fix.“We need to disentangle ‘workplace’ giving from payroll giving,”he said.“Promoting regular giving by Direct Debits in the workplace would give charities more control and would be cheaper to do.”He added that it was “worrying that HMRC doesn’t know how to count the number of payroll giving donors accurately”.HMRC told UK Fundraising it could not provide any further information over and above what it has already published. Howard Lake | 16 January 2014 | News Tagged with: HMRC payroll giving Research / statistics  85 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 A spokesperson for payroll giving agency Charities Trust said the agency had not changed its reporting procedures at all.“We don’t know what this change has been caused by. We have sought clarification from HMRC and we’re waiting for them to come back to us.”Bill Lane, director of payroll giving agency Charitable Giving, said that while there had definitely been an increase in payroll giving, the general feeling among charities and agencies was that “HMRC has got it wrong”.center_img Confusion over what has led to increaseIf the HMRC figures are taken at face value, there is a lack of consensus as to what might have caused the increase.Tina Steele – the former payroll giving specialist at the Institute of Fundraising – said that the IoF’s payroll giving special interest group (SIG) has contacted HMRC to “try to get to the bottom of the situations regarding the revised figures”.She said:“There is no way that the increases reported could have been achieved in one year. Hopefully we will get a comprehensive response from HMRC to the request for clarification. I also think that the figures quoted over the previous years are accurate. I used to receive all the figures on a quarterly basis and am reasonably sure that there was no mis-reporting.” Advertisement Increase in payroll giving donors ‘could not have happened in one year’ There is confusion over what might have caused an apparent surge in payroll giving in the last financial year, with one expert saying the reported rise would have been impossible in just 12 months.And HM Revenue and Customs – which compiled the information – has implied that much of the increase might be accounted for by changes in data reporting by payroll giving agencies.Updated figures released by HMRC at the end of December showed that there were 1.02 million donors enrolled on payroll giving schemes in 2012/13 – the first time the number of people donating through their salaries has reached this milestone in any one year – making total donations of £155 million.That represents an increase of 31% on the £118 million given through this type of fundraising in 2011/12 and a 39% increase on that year’s 735,000 donors.But initial figures released by HMRC last summer recorded that amounts donated through payroll giving had increased by just £6m in 2012/13 to £124 million, while the number of donors stood at 750,000 – a two per cent increase on the previous year.While the revised results have been welcomed as good news by many involved in payroll giving, the revised version of the HMRC report – UK Charity Tax Relief Statistics 1990-91 to 2013-14 – says only that the figures “may” represent an “actual increase”, and qualifies the increase in donors as “apparent”.The HMRC report says: “The increase in the number of donors seen in 2012/13 may represent an actual increase in the use of payroll giving. However, at the same time, there has been a substantial change in the data systems used by some payroll giving agencies, which may also help to account for the observed increase.”HMRC adds that the jump in figures “may well be connected” with its own change in reporting procedures from quarterly to annual returns in 2012/13. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

N Ireland foundation made grants of £870,000 last year

first_img Advertisement N Ireland foundation made grants of £870,000 last year  247 total views,  1 views today The foundation established in Northern Ireland by the late Sir Allen McClay provided grants of over £870,000 last year, according to the accounts for 2017.The McClay Foundation derives its income from the shares in the Almac pharmaceutical company Sir Allen built to become a world leader in the sector. Last year the company recorded profits of nearly £27 million, nearly double the figure for 2016 while the Foundation has charitable assets of £96 million.Most of the grant recipients of the Foundation received funding in previous years. Queens University received the largest grant of £207,000 last year for general support, down from £285,000 the year before while the Buddy Bear Trust got £150,000. The Northern Ireland Hospice received £150,000 for their new hospice building in Belfast and for their service in Fermanagh.Most other grants were in the range of £25-£50,000, with the smallest grant £2,000. Health and children’s charities make up most of the beneficiaries. The in-year grant figure for 2017 is an increase from the 2016 figure of £814,000.As well as new grants pay in 2017 the accounts record ‘contingent liabilities’ of £1.3 million.  The largest commitment was £350,000 to the Northern Ireland Cancer Fund for Children which is thought to be part of multi year commitment towards the charity’s new respite facility. The Northern Ireland Hospice received £300,000 also thought to be a part of a pledge for the new hospice building in Belfast.The contingent liabilities also list £283,000 for Queen’s University Belfast, a long time beneficiary of support from the Foundation, and £230,000 for the Buddy Bear Trust. The overall commitments are down from £1.5 million in 2016.The Foundation’s charitable goals are given as:·       Support and encourage research and innovation·       Advance the use of diagnostic tools and drugs in the prevention, control and cure of disease·       Ensure latest advances in healthcare are available to all, including developing countries·       Generate and promote employment opportunities·       Support and promote such educational purposes as the trustees shall select, provided that such purposes shall be exclusively charitable in law AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Tagged with: Funding Northern Ireland About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  248 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Howard Lake | 26 June 2018 | Newslast_img read more

India: Another reporter slain in Uttar Pradesh, second in a month

first_img Organisation News IndiaAsia – Pacific Protecting journalists Violence Receive email alerts Help by sharing this information News Vikram Joshi, a reporter for the Hindi-language newspaper Jansagar Today, died in hospital today from injuries he received on 20 July when he was beaten and then shot in the head by a group of men in front of his daughters aged 5 and 11 near their home in the city of Ghaziabad.Nine suspects have been arrested after being identified by means of CCTV camera footage, but not the man who shot Joshi, according to his family, which is refusing to recover his body until the killer is arrested. The family thinks Joshi was the victim of a reprisal for filing a complaint four days earlier against individuals who had harassed his niece.“All those responsible for Vikram Joshi’s shocking murder must be identified and brought to justice as quickly as possible,” RSF’s Asia-Pacific desk said. “We take note of the fact that an investigation is under way and we urge the police not to neglect the possibility of a link to his work as a journalist. Above all, we call on the Uttar Pradesh authorities to adopt substantial measures to reinforce protection for journalists as a matter of the utmost urgency.”The other journalist to be gunned down in the past few weeks in Uttar Pradesh was Shubham Mani Tripathi, a reporter for the Hindi-language Kampu Mail newspaper, who died on the spot when he was shot six times on 19 June in Lucknow, the state capital. He had said in a recent Facebook post that he feared he could be killed because of his investigations into illegal land expropriation by the local “sand mafia.”India is ranked 142nd out of 180 countries and territories in RSF’s 2020 World Press Freedom Index. to go further RSF_en News Jansagar Today reporter Vikram Joshi died on 22 July from the shot to the head he had received two days earlier (photo: thenewsminute.com). July 22, 2020 India: Another reporter slain in Uttar Pradesh, second in a monthcenter_img April 27, 2021 Find out more In rural India, journalists face choice between covering pandemic and survival IndiaAsia – Pacific Protecting journalists Violence June 10, 2021 Find out more India: RSF denounces “systemic repression” of Manipur’s media March 3, 2021 Find out more Follow the news on India News Reporters Without Borders (RSF) is outraged by the second murder of a journalist in the space of a month in the state of Uttar Pradesh, in northern India, and calls on the state’s authorities to do everything possible to bring those responsible to justice, and to step up protection for media personnel. RSF demands release of detained Indian journalist Siddique Kappan, hospitalised with Covid-19last_img read more

City of South Pasadena Celebrates City’s Certification as Nation’s First AGZA Green Zone City

first_imgHome of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Subscribe The City of South Pasadena, joined by Assemblyman Chris Holden, the American Lung Association and environmental organizations, today celebrated the City’s certification as an AZGA Green Zone® City. The new initiative will bring air quality and noise benefits to city residents, employees, gardeners, businesses, and visitors. The certification was from the American Green Zone Alliance (AGZA), a sustainability consultancy that provides certification and accreditation in zero-emission landscape maintenance strategies. The City is the first in the nation to convert all of its park and median maintenance to emission and gas-free equipment.“The actions we are celebrating today will affect more than 41 acres of City-owned land and will avoid more than 31 tons of pollutants per year from being emitted into the air, resulting in immediate health benefits for residents, businesses, and visitors,” said Michael Cacciotti, the mayor pro tem of the City of South Pasadena and also a member of the South Coast Air Quality Management District Governing Board, representing 34 cities. “We’re proud to have partnered with AGZA to provide cleaner air and more peace and quiet to everyone who lives in, works in, or visits South Pasadena.”The celebration took place at the City’s Arroyo Park, one of the larger parks that will benefit from the new program. Eligible riding mowers were displayed at the celebration, along with other “green” equipment.“I congratulate the City of South Pasadena for becoming the first city in the nation to maintain their parks one hundred percent gas and emissions free,” said California Assemblymember Chris Holden, whose district includes the City. “South Pasadena is paving the way for other cities to follow when it comes to protecting the environment.”South Pasadena Mayor Diana Mahmud kicked off the program by noting that she’s “very proud to be mayor of a city that continues to lead in so many ways. We should all be proud of this great accomplishment.”All in all, the City will be maintaining 13 properties and 62 medians with gas- and emission-free equipment. This includes the City’s largest parks, including Arroyo Seco, Garfield, Orange Grove, Eddie Park, and Heritage Park, plus other municipal properties, such as the War Memorial, Library Park, City Hall, and two water tanks.“As one of the nation’s leading advocates for clean air, we are pleased to praise the City’s leadership,” said Anthony Ortiz-Luis, Community Engagement Director, American Lung Association. “Particulate pollution has long been identified as a leading cause of lung cancer, and by eliminating pollution from small gasoline engines, the City will be helping in the fight against this terrible disease.“Covered under the new policy will be more than 20 acres of turf mown and trimmed, more than 15 acres of hardscape blown, almost 1 acre of hedging surface area, and over 7 linear miles of edging.AGZA and the City estimate that more than 31 tons of pollutants will be avoided each year. Pollutants eliminated include carbon dioxide (the main greenhouse gas contributing to global warming), carbon monoxide (a poisonous gas and secondary GHG), hydrocarbons, volatile organic compounds (VOCs), and nitrogen oxides (major components of smog), and particulate matter (2.5 and 10 microns), which cause respiratory problems including asthma, lung disease, emphysema, and lung cancer.“We work to clean up our air, fight climate change and improve public health. South Pasadena’s actions are great steps in that direction,” said Fabiola Lao, Deputy Policy Director for the Coalition for Clean Air. “By electrifying their garden and maintenance equipment, the city is reducing harmful pollutants that form smog and contribute to climate change. We look forward to other cities across the state to follow South Pasadena’s lead.”“Fighting for better air for all is a cornerstone of the Sierra Club’s environmental work, and cleaner lawn maintenance equipment can make a big difference,” said Angelica Gonzalez, Conservation Program Manager, Angeles Chapter of the Sierra Club. “The City of South Pasadena is taking a great step today and setting an example for the rest of the nation.”“Quiet, emissions-free maintenance is better for the workers, the environment, public health, and overall quality of life,” said Jamie Banks, Science Advisor, American Green Zone Alliance. “AGZA’s Green Zone initiative in South Pasadena has shed light and created a solution for the often overlooked grounds maintenance industry.”“The certification of the world’s first AGZA Green Zone City in South Pasadena represents a milestone step in evolving the grounds maintenance industry to a cleaner, quieter, healthier and more sustainable future,” said Dan Mabe, Founder American Green Zone Alliance.About the City of South PasadenaThe City of South Pasadena is a charming community, situated only six miles from downtown Los Angeles. Called the City of Trees, the area is known for its stunning homes, unique small businesses, and top quality schools. South Pasadena’s diverse population of about 25,000 occupies a mere 3.44 square miles of flatlands and hillsides on the west side of the San Gabriel Valley. This small town atmosphere makes South Pasadena one of California’s most desirable locations. More than 100 acres of parks and playgrounds blanket its landscape and more than 21,000 trees adorn its streets.About the American Green Zone AllianceThe American Green Zone Alliance is the global leader in zero-emission sustainable grounds maintenance strategies. Our mission is to transition the lawn care and grounds maintenance of all communities away from noisy, dirty fossil fuels and into quieter, zero-emission electric operations. AGZA Green Zones® are better for worker health and community noise levels, and verify the elimination of toxic waste streams, local smog, and greenhouse gasses during groundskeeping. The savings on gas, oil, and maintenance slash hourly operational costs. And the compounding benefits for communities that make a permanent shift to sustainability are incalculable. http://www.agza.net/ First Heatwave Expected Next Week More Cool Stuff Make a comment 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. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Your email address will not be published. Required fields are marked * Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday center_img Government City of South Pasadena Celebrates City’s Certification as Nation’s First AGZA Green Zone City From STAFF REPORTS Published on Friday, September 9, 2016 | 3:02 pm Top of the News Herbeauty6 Fashion Trends You Should Never Try And 6 You’ll LoveHerbeautyHerbeautyHerbeautyThe Dos And Don’ts Of Tinder You Must KnowHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeauty Business News 4 recommended0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy last_img read more

First-Time Buyers Show Interest; Face Tough Market

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post First-Time Buyers Show Interest; Face Tough Market Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago March 13, 2014 802 Views Share Save Affordability Consumer Confidence First-time Buyers Zillow Zillow Housing Confidence Index 2014-03-13 Colin Robins Previous: CFPB Names 3 Key Senior Positions Next: Mortgage Rates Rise, Helped by ‘Respectable Jobs Report’ Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / First-Time Buyers Show Interest; Face Tough Market Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img About Author: Colin Robins in Daily Dose, Featured, Headlines, Market Studies, News Related Articles Subscribe More than 4 million first-time buyers want to enter the market, but they face some tough issues as market conditions aren’t exactly favorable to new buyers.This conclusion came from the Zillow Housing Confidence Index (ZHCI), a new calculation released by Zillow and Pulsenomics.The ZHCI is a measure of consumer sentiment; anything over 50 indicates a positive sentiment. The current national index is 63.7. Of the 20 metros surveyed, 11 had individual confidence levels above the national average.In 19 of the 20 large metros surveyed, more than 5.0 percent indicated they wanted to buy a home in the next year. The report notes, “Among current renters, homeownership aspirations were particularly strong, with about 10 percent of all renters nationwide saying they would like to buy within the next 12 months.”A vast majority of respondents said they were “confident or somewhat confident” they could afford a home in 2014.If every respondent who indicated they wanted to buy a home actually purchased one, first-time home sales would total more than 4.2 million for 2014, more than double the roughly 2.1 million first-time buyers in 2013.While this optimistic total from Zillow suggests interest is high, actually purchasing a home should prove to be a challenge in the upcoming year.Market conditions are mixed: inventory, up 11 percent from a year ago, is still well below optimal levels, and has fallen year-over-year in 8 of 20 metros measured by the ZHCI. Mortgage rates, once a record low 3.3 percent in 2013, have risen to 4.2 percent, according to the Zillow Mortgage Marketplace.A dearth of inventory coupled with rising mortgage rates could push homes out of a homebuyer’s price range, particularly for first-time buyers.”For the housing market to continue its recovery, it is critical that homes are both available and remain affordable to meet the strong demand these survey results are predicting, particularly from first-time homebuyers,” said Zillow Chief Economist, Dr. Stan Humphries. “Even after a wrenching housing recession, this data shows that the dream of homeownership remains very much alive and well, even in those areas that were hardest hit.”He added, “But these aspirations must also contend with the current reality, and in many areas, conditions remain difficult for buyers. The market is moving toward more balance between buyers and sellers, but it is a slow and uneven process.”Areas indicated by the ZHCI with the highest interest in purchasing a new home come from metros that were hit hardest by the housing recession: Miami (67.5), Atlanta (62.9), and Las Vegas (64.1).Each were near or above the national index of 63.7 for “Overall Housing Confidence.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Affordability Consumer Confidence First-time Buyers Zillow Zillow Housing Confidence Index Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Comptroller Focuses on Helping Banks Revitalize Distressed Communities

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago February 10, 2016 1,454 Views About Author: Brian Honea Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Previous: Fannie Mae’s Largest Non-Performing Loan Sale Ever: The Winners Are. . . Next: Wells Fargo Faces Challenges to Start 2016 Speaking before the 2016 National Interagency Community Reinvestment Conference in Los Angeles this week, Comptroller of the Currency Thomas Curry announced that the OCC is soliciting comment for a new collection of information titled “Draft Bulletin: Risk Management Guidance for Higher Loan-to-Value Lending in Communities Targeted for Revitalization” in accordance with the Paperwork Reduction Act of 1995.According to the OCC, the agency supports efforts by national banks and federal savings associations to assist in the revitalization, stabilization, or redevelopment or distressed communities where foreclosure or blight has been prevalent through prudent mortgage lending, since the banks and others have expressed concern that distressed property values in distressed communities is inhibiting mortgage lending in these areas.One way banks can support revitalization in distressed communities is through offering mortgage products to purchase, or by purchasing and rehabilitating themselves, single-family residential properties where the amount of the loan may exceed supervisory loan-to-value (SLTV) limits. The OCC published a draft bulletin to provide guidance for managing risks associated with originating such loans.“Generally speaking, banks should not make single-family home mortgage loans that exceed 90 percent of the property’s value, unless the loan has appropriate credit support, such as mortgage insurance, readily marketable collateral, or other acceptable collateral,” Curry said. “The interagency guidelines also establish that institutions may make exceptions to this supervisory LTV limit on a case-by-case basis, taking into account certain other factors. As set out in the draft bulletin, we believe that engaging in higher LTV lending on a programmatic basis also can be consistent with safe and sound lending while having a positive impact in stabilizing and revitalizing communities.”Curry said through the OCC was prompted to how to clarify existing guidance in an effort to address perceived barriers to lending, based on a meeting with stakeholders in Detroit, one of the hardest hit areas by foreclosures and blight. He said he found that ongoing dialogue between interested parties was the best way to create ideas for improving economic opportunities.“As Comptroller, in addition to meeting with bankers on a regular basis, I meet with community organizations, consumer advocates, and public officials to listen to their concerns and discuss ways to improve financial services and promote community development,” Curry said. “Senior OCC staff, who also attend these meetings, have told me it is very helpful to hear these perspectives.”Curry also encouraged banks to meet with stakeholders in their communities in order to determine if the financial products they offer are the right fit for the communities they serve or to determine what tweaks need to be made in order to make their financial products more effective.“Periodic meetings with key local stakeholders can also help pinpoint new business opportunities, identify potential partnerships with local community organizations and public agencies, and help a bank formulate its business strategy for meeting its Community Reinvestment Act (CRA) obligations,” Curry said.The CRA was first enacted by Congress in 1977 and revised in both 1995 and 2005. The purpose of the CRA is to “encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations,” according to the U.S. Federal Reserve Board web site.Click here to read the full text of Curry’s remarks. Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. 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As Controversy Over Who Should Represent Delhi Police In Delhi Riots Cases Continues, Delhi HC Asks Centre’s Counsel To Produce Letter of Authorisation Issued By Lieutenant Governor

first_imgNews UpdatesAs Controversy Over Who Should Represent Delhi Police In Delhi Riots Cases Continues, Delhi HC Asks Centre’s Counsel To Produce Letter of Authorisation Issued By Lieutenant Governor Karan Tripathi1 July 2020 2:50 AMShare This – xThe Delhi High Court on Wednesday asked the Additional Solicitor General Aman Lekhi and Central Government’s Standing Counsel Amit Mahajan to produce the permission granted to them by the Lieutenant Governor to represent Delhi Police in a cancellation of bail matter pertaining to Delhi riots. While showing his displeasure towards the controversy between the Delhi Government and…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Delhi High Court on Wednesday asked the Additional Solicitor General Aman Lekhi and Central Government’s Standing Counsel Amit Mahajan to produce the permission granted to them by the Lieutenant Governor to represent Delhi Police in a cancellation of bail matter pertaining to Delhi riots. While showing his displeasure towards the controversy between the Delhi Government and the Centre on the issue of who should represent Delhi Police in these matters, the Single Bench of Justice Suresh Kumar Kait asked the said letter of authorisation to be placed before this court by tomorrow. Appearing on behalf of the Office of the Standing Counsel (Criminal) Delhi Government, Mr Rajesh Mahajan submitted that the present petition is not maintainable as the authorisation of the Standing Counsel’s office was not taken by the Centre. ‘We wish to file an identical petition seeking the same prayers as the present petition, which is filed by the Centre, is not maintainable’, Mr Mahajan submitted. Mr Mahajan further argued that the Lieutenant Governor cannot authorise counsels to appear for Delhi Police without the aid and advice of the Council of Ministers. While rapping the office of the Standing Counsel, Delhi Government, the court said: ‘This controversy can’t continue in this matter, I’ll impose the costs. What is this drama going on? You people are creating ruckus in the court, this can’t be accepted. You satisfy your political ego at your end. Why didn’t Mr Rahul Mehra appear in the last hearing? You can’t appear as per your pleasure and leisure.’ Countering the contentions raised by Mr Mahajan, ASG Aman Lekhi submitted that he has been authorised by the Lieutenant Governor of Delhi to appear in this matter. Moreover, Mr Lekhi highlighted that this petition is filed by the Delhi Police and not by the Centre. ‘Counsels should not indulge in such political gimmicks. It’s a serious matter, and we are unable to argue. I’m the authorised counsel for this matter, and for the same reason, Mr Mehra can’t argue’, ASG Lekhi submitted. At this point, the court asked the concerned ASG to present the said letter of authorisation, which had appointed him and SG Tushar Mehta as counsels for Delhi Police in this matter, and adjourned the matter. Next Storylast_img read more