Word: loaning
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These options include a two to five percent Affordable Housing Preservation Fund fee, to be levied on middle and upper income tenants, and a revolving loan fund allowing property owners to borrow money at low interest rates to maintain the rent-controlled buildings...
...Instead, the money for building improvements should come from other, more reasonable resources," he said. "For instance, the revolving loan fund is a great idea, but we should put aside at least two times the amount that was projected. And the idea to put pressure on the banks to reinvest is a good one, but we should expand that approach...
...Massachusetts Association represents its member institutions on issues that are common to all of them, like loan reauthorizations, scholarship monies and research grants...
...findings came after a 14-month investigation detailing how more than $1 million in contributions, four trips to the Bahamas and all-expense-paid stays at resort hotels found their way from indicted savings and loan executive Charles Keating, who needed protection from federal regulators trying to shut him down, to five U.S. Senators and their staffs. The committee found Senators John Glenn of Ohio ($234,000 in Keating contributions) and John McCain of Arizona ($112,000) the least culpable, engaging only in "poor judgment" because they gave Keating less help than did the others. Senators Donald Riegle of Michigan...
...office glut is in some ways just another broken leg of the savings and loan crisis. Many thrifts went bust by tossing money into high-rises that never should have been built in the first place. As a result, few analysts expect a rebound soon. In the suburbs of Chicago, a virtual shutdown of new construction since 1989 has failed to budge the vacancy rate, now between 15% and 20%. "When will lenders lend again?" wonders Hugh Kelly, an economist and real estate consultant. "For some major markets, vacancy rates will have to fall well below 10% before the money...