May 2

Landlords jarred by sudden drop in rent collection

first_img Email Address* This content is for subscribers only.Subscribe Now Message* “As the nation enters a winter with increasing Covid-19 case levels and even greater economic distress — as indicated by last week’s disquieting employment report — it is only a matter of time before both renters and housing providers reach the end of their resources,” said Bibby.He also said that the group, which represents landlords, was encouraged by news of a potential relief bill from Congress. The specifics have not been announced, but Virginia Sen. Mark Warner told CNN that the four-month, $908 billion package will include rental assistance, and is expected this week.In the meantime, as Covid-19 cases in the United States pass the 15 million mark, property owners are hoping renters will continue to pay — even as other expenses fall by the wayside. In his 2016 landmark study on eviction in low-income communities, Princeton researcher Matthew Desmond noted that “rent eats first,” meaning it is prioritized over other household expenses.Indeed, the consistency of rent payments in the multifamily sector have made the asset class a relative safe haven for investors during the pandemic, especially in areas where regulations do not prevent rehabbing apartments and raising rents.Although examples of apartment distress have so far been isolated, all might not be well in the multifamily sector.The NMHC rental tracker does not distinguish between partial and full payments. And there is no accounting for instances where tenants and landlords may have negotiated a plan to use security deposits as payment — a practice which was adopted officially by some locales to keep rent payments flowing.But the survey is conducted the same way each week, and the drop in collection last week was the largest since early in the pandemic.A weekly survey conducted by the Census Bureau found that in November, nearly 9 million out of 53.3 million rental households were not caught up on rent. Households behind on rent were disproportionately lower-income, an indication that the recovery from this crisis will be more uneven than that of past crises.Contact Georgia Kromreicenter_img Full Name* Market-rate apartment owners reported the lowest rent collection since early in the pandemic. (iStock)Market-rate apartment owners just reported the lowest rental payment rate since April.In its monthly survey, the National Multifamily Housing Council found that only 75 percent of renters in 11.5 million market-rate apartments paid some or all of their rent by Dec. 6. The figure represents a 5-percentage-point decrease from November, and is nearly 8 points lower than it was a year ago.The president of the Washington, D.C.-based lobby group, Doug Bibby, said the results should come as no surprise.Read moreMultifamily beats the oddsForeclosure crisis looms but here’s what differs from 2008A quarter of NYC renters didn’t pay in Maylast_img read more

September 23

School Board Holding Public Budget Work Session Today

first_imgThey’re now proposing to raise the rental fees for 2016-2017 as follows:Non-Profit – rename to student clubs & swim teams.$25 per hour per lifeguardFees based on the number of users for our birthday party rentals:1 – 15 swimmers – $651-45 swimmers – $100 – this is a $30 increase46 -75 swimmers $12576 – 100 swimmers $150$25 for each additional lifeguard as needed for the pool activity On July 1 of this year, the District reorganized all pools under one District Wide Pool Supervisor instead of hiring pool managers for each site. Chemical supplies and ordering were also consolidated to save on administrative expenses and waste. The work session includes an update on pool expenses and a look at the proposed FY17 budget. Administrators say the fees for the Central Peninsula pools were changed to a flat $5 per swim session and one punch card can now be used at all three pools. FacebookTwitterEmailPrintFriendly分享The Kenai Peninsula Borough School Board is holding a public work session today on budget issues from 9am-noon at the Kenai Peninsula College. The District is also looking at the current student-teacher ratio for possible changes and found $415,000 worth of cuts to travel, supplies, purchased services and equipment at the District Office level. At the school level, supply budgets will be reduced by a total of $100,000. Today’s work session is being held in the Steffy Building.last_img read more

September 17

Beacon the Puffin Introduced as Maine Mariners Mascot

first_img Link to post Members SportsLogos.Net News While I felt they should go with the Maine Mariners brand due to its history in the marketplace, I also thought that Portland Puffins was the second-best of the identities that the team was considering. (formerly, briefly CherryMX) Link to post Sign in to follow this   2,305 3 Sports Logo News All Activity Recommended Posts 31,105 posts 521 2,305 Share on other sites So do the colors of probably the most famous mascot in sports Followers 0 Share on other sites 1,233 posts Share this post Location:Pennsylvania Posted August 16, 2018 Share on other sites Share this post Share this post 0 Posted August 16, 2018 Followers 0 SportsLogos.Net Members 2,305 Beacon the Puffin Introduced as Maine Mariners Mascot Posted August 16, 2018 All Activity His legs look disproportionately small to his body, but they are also tiny by hockey player standards.  If anything this puffin should have freakishly built thighs and calves. Forums Home Beacon the Puffin Introduced as Maine Mariners Mascot Link to post BrianLion 9,940 posts 0 SportsLogos.Net 9,904 2,511 posts Members Brian in Boston NewsBot Forums Home 1,450 1,450 521 Beacon the Puffin Introduced as Maine Mariners Mascot 9,904 Sign in to follow this   Share on other sites Go To Topic Listing Location:Champaign, IL By SportsLogos.Net News, August 16, 2018 in Sports Logo News 521 Members CS85 Posted August 16, 2018 He also shouldn’t be smiling, as he’s wearing a jersey with a crest that completely sabotages the decent-to-good primaries alternate/secondary/old logos. Sports Logo News 1 hour ago, Brian in Boston said: While I felt they should go with the Maine Mariners brand due to its history in the marketplace, I also thought that Portland Puffins was the second-best of the identities that the team was considering. That said, I’m not crazy about the fact that the colors in the mascot’s beak really clash with the team’s palette. Visually, I find it jarring.      CS85 Beacon the Puffin Introduced as Maine Mariners Mascot August 15, 2018 – 16:04 PMThe Maine Mariners, one of two new ECHL clubs to début this season, unveiled their team mascot this morning on a local morning news programme. Meet “Beacon”, a species of Atlantic puffin of which more than 4000 make their home […] Read More… That said, I’m not crazy about the fact that the colors in the mascot’s beak really clash with the team’s palette. Visually, I find it jarring.      1,450 Link to post Sports Logos SL.N News Brian in Boston BrianLion Sports Logos Share this post 0 SportsLogos.Net News This topic is now closed to further replies. 9,904last_img read more