The Future of Home Buying Arrives in Orange County

ORANGE COUNTY, Calif., Jan. 28, 2021 /PRNewswire/ — House X today announced Orange County, California as one of the pilot cities to launch the American…

ORANGE COUNTY, Calif., Jan. 28, 2021 /PRNewswire/ — House X today announced Orange County, California as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.

The virtual home buying event is limited to selected markets in the United States–admission is free to consumers. Free stimulus incentives apply to all contracts executed from January 27-April 15, 2021 for registered home buyers.

The Orange County Area Pilot includes: 

  • Over 324 new homes in over 87 communities with 73 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions–equivalent of removing 712 gas-powered cars off the road per year 
    • Potential free stimulus for renewable energy = $4.88 million going back into the local economy 

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain – lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

The National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America’s home buying plans. Rose Quint writes in NAHB’s Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the history of the association’s Housing Trends Report

The new administration is also launching efforts to expand home ownership and offset costs through a proposed tax incentive. The proposal states its purpose to:

«Help families buy their first homes and build wealth by creating a new refundable, advanceable tax credit of up to $15,000. Biden’s new First Down Payment Tax Credit will help families offset the costs of homebuying and help millions of families lay down roots for the first time. Building off of a temporary tax credit expanded as part of the Recovery Act, this tax credit will be permanent and advanceable, meaning that homebuyers receive the tax credit when they make the purchase instead of waiting to receive the assistance when they file taxes the following year.»

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage.
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between January 27 – April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on houseX.com.

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area

Orange County

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos (Air Purification): Paul Scialla, CEO and Founder
  • RESNET (Energy Ratings): Ryan Meres, Program Director 
  • The MReport (Mortgage Industry Insights): Rachel Williams 

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers – not home sellers. The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.

Media Contact:

Amy Kauffman
Email: amy@newswire.com
Phone: 214.235.6043 

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SOURCE House X

The Future of Home Buying Arrives in Tampa

TAMPA, Fla., Jan. 28, 2021 /PRNewswire/ — House X today announced Tampa, Florida as one of the pilot cities to launch the American Dream 2021, expanding home…

TAMPA, Fla., Jan. 28, 2021 /PRNewswire/ — House X today announced Tampa, Florida as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.

The virtual home buying event is limited to selected markets in the United States — admission is free to consumers. Free stimulus incentives apply to all contracts executed from Jan. 27-April 15, 2021, for registered home buyers.

The Tampa Pilot includes: 

  • Over 1,740 new homes in over 214 communities with 348 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers 
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record-low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions — equivalent of removing 3,828 gas-powered cars off the road per year 
    • Potential free stimulus for renewable energy = $12 million going back into the local economy

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain — lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

The National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America’s home buying plans. Rose Quint writes in NAHB’s Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the history of the association’s Housing Trends Report

The new administration is also launching efforts to expand home ownership and offset costs through a proposed tax incentive.  The proposal states its purpose to:

«Help families buy their first homes and build wealth by creating a new refundable, advanceable tax credit of up to $15,000. Biden’s new First Down Payment Tax Credit will help families offset the costs of homebuying and help millions of families lay down roots for the first time. Building off of a temporary tax credit expanded as part of the Recovery Act, this tax credit will be permanent and advanceable, meaning that homebuyers receive the tax credit when they make the purchase instead of waiting to receive the assistance when they file taxes the following year.»

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage. 
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between Jan. 27-April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on HouseX.com.

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa 

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos (Air Purification): Paul Scialla, CEO and Founder
  • RESNET (Energy Ratings): Ryan Meres, Program Director 
  • The MReport (Mortgage Industry Insights): Rachel Williams 

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them.  HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers – not home sellers.  The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.

Media Contact:
Amy Kauffman
Email: amy@newswire.com
Phone: 214.235.6043 

Related Images

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House X Logo

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SOURCE House X

The Future of Home Buying Arrives in Naples

NAPLES, Fla., Jan. 28, 2021 /PRNewswire/ — House X today announced Naples, Florida as one of the pilot cities to launch the American Dream 2021, expanding home…

NAPLES, Fla., Jan. 28, 2021 /PRNewswire/ — House X today announced Naples, Florida as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.

The virtual home buying event is limited to selected markets in the United States–admission is free to consumers. Free stimulus incentives apply to all contracts executed from January 27-April 15, 2021 for registered home buyers.

The Naples Pilot includes: 

  • Over 1,030 new homes in over 50 communities with 141 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers 
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions–equivalent of removing 2,266 gas-powered cars off the road per year 
    • Potential free stimulus for renewable energy= $9.27 million going back into the local economy 

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain – lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

The National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America’s home buying plans. Rose Quint writes in NAHB’s Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the history of the association’s Housing Trends Report.

The new administration is also launching efforts to expand home ownership and offset costs through a proposed tax incentive. The proposal states its purpose to:

«Help families buy their first homes and build wealth by creating a new refundable, advanceable tax credit of up to $15,000. Biden’s new First Down Payment Tax Credit will help families offset the costs of homebuying and help millions of families lay down roots for the first time. Building off of a temporary tax credit expanded as part of the Recovery Act, this tax credit will be permanent and advanceable, meaning that homebuyers receive the tax credit when they make the purchase instead of waiting to receive the assistance when they file taxes the following year.»

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage. 
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between January 27 – April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on houseX.com. 

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa 

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos (Air Purification): Paul Scialla, CEO and Founder
  • RESNET (Energy Ratings): Ryan Meres, Program Director 
  • The MReport (Mortgage Industry Insights): Rachel Williams 

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers – not home sellers. The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.

Media Contact:

Amy Kauffman
Email: amy@newswire.com
Phone: 214.235.6043

Related Images

house-x-logo.jpg
House X Logo

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SOURCE House X

The Future of Home Buying Arrives in the San Francisco Bay Area

SAN FRANCISCO, Jan. 28, 2021 /PRNewswire/ — House X today announced San Francisco Bay Area as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring…

SAN FRANCISCO, Jan. 28, 2021 /PRNewswire/ — House X today announced San Francisco Bay Area as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.

The virtual home buying event is limited to selected markets in the United States–admission is free to consumers. Free stimulus incentives apply to all contracts executed from January 27-April 15, 2021 for registered home buyers.

The San Francisco Bay Area Pilot includes:

  • Over 708 new homes in over 130 communities with 195 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions–equivalent of removing 1,557 gas-powered cars off the road per year
    • Potential free stimulus for renewable energy= $10.7 million going back into the local economy

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain – lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

The National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America’s home buying plans. Rose Quint writes in NAHB’s Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the history of the association’s Housing Trends Report.

The new administration is also launching efforts to expand home ownership and offset costs through a proposed tax incentive. The proposal states its purpose to:

«Help families buy their first homes and build wealth by creating a new refundable, advanceable tax credit of up to $15,000. Biden’s new First Down Payment Tax Credit will help families offset the costs of homebuying and help millions of families lay down roots for the first time. Building off of a temporary tax credit expanded as part of the Recovery Act, this tax credit will be permanent and advanceable, meaning that homebuyers receive the tax credit when they make the purchase instead of waiting to receive the assistance when they file taxes the following year.»

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage.
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between January 27 – April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on houseX.com.

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa 

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos (Air Purification): Paul Scialla, CEO and Founder
  • RESNET (Energy Ratings): Ryan Meres, Program Director 
  • The MReport (Mortgage Industry Insights): Rachel Williams

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers – not home sellers. The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.

Media Contact:

Amy Kauffman
Email: amy@newswire.com
Phone: 214.235.6043 

Related Images

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SOURCE House X

The Future of Home Buying Arrives in Sacramento

SACRAMENTO, Calif., Jan. 28, 2021 /PRNewswire/ — House X today announced Sacramento, California as one of the pilot cities to launch the American Dream…

SACRAMENTO, Calif., Jan. 28, 2021 /PRNewswire/ — House X today announced Sacramento, California as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.

The virtual home buying event is limited to selected markets in the United States–admission is free to consumers. Free stimulus incentives apply to all contracts executed from January 27-April 15, 2021 for registered home buyers.

The Sacramento Area Pilot includes: 

  • Over 655 new homes in over 147 communities with 169 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers 
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions–equivalent of removing 1,440 gas-powered cars off the road per year 
    • Potential free stimulus for renewable energy= $5.485 million going back into the local economy

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain – lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

The National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America’s home buying plans. Rose Quint writes in NAHB’s Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the history of the association’s Housing Trends Report

The new administration is also launching efforts to expand home ownership and offset costs through a proposed tax incentive. The proposal states its purpose to:

«Help families buy their first homes and build wealth by creating a new refundable, advanceable tax credit of up to $15,000. Biden’s new First Down Payment Tax Credit will help families offset the costs of homebuying and help millions of families lay down roots for the first time. Building off of a temporary tax credit expanded as part of the Recovery Act, this tax credit will be permanent and advanceable, meaning that homebuyers receive the tax credit when they make the purchase instead of waiting to receive the assistance when they file taxes the following year.»

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage.
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between January 27 – April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on houseX.com. 

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos (Air Purification): Paul Scialla, CEO and Founder
  • RESNET (Energy Ratings): Ryan Meres, Program Director 
  • The MReport (Mortgage Industry Insights): Rachel Williams 

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers – not home sellers. The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.

Media Contact:

Amy Kauffman
Email: amy@newswire.com
Phone: 214.235.6043

Related Images

house-x-logo.jpg
House X Logo

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/the-future-of-home-buying-arrives-in-sacramento-301217846.html

SOURCE House X

Senators introduce ‘Neighborhood Homes Investment Act’ to expand homeownership opportunities and revitalize communities

WASHINGTON, Jan. 28, 2021 /PRNewswire/ — Bipartisan legislation introduced today would create a new federal tax credit to fuel development and rehabilitation of single-family homes and attract $100 billion in development activity to underserved rural and urban communities across the country.

The <a target="_blank"…

WASHINGTON, Jan. 28, 2021 /PRNewswire/ — Bipartisan legislation introduced today would create a new federal tax credit to fuel development and rehabilitation of single-family homes and attract $100 billion in development activity to underserved rural and urban communities across the country.

The Neighborhood Homes Investment Act (NHIA), introduced by Senators Ben Cardin (D-MD) and Rob Portman (R-OH), and co-sponsored by Senator Tim Scott (R-SC), Senator Todd Young (R-IN), Senator Chris Coons (D-DE) and Senator Sherrod Brown (D-OH), would encourage private investment in an estimated 500,000 homes that currently cannot be developed or rehabilitated because the costs to do so exceed the value of the home.  The tax credit supports development of homes in rural communities struggling with the costs of new construction, as well as the rehabilitation of homes in blighted urban communities, where vacant homes depress property values and thwart broader revitalization efforts.   

NHIA is designed to address a difficult market reality in many communities: the cost for developers to acquire and rehab blighted properties or build new homes exceeds what they could earn when they sell the homes. The NHIA tax credit would help them fill that gap, up to 35 percent of the eligible development cost, and thereby reduce their risk of loss. It would encourage investment, create affordable homeownership opportunities, and support widespread revitalization of urban, suburban, and rural communities.

«Everyone deserves a safe and affordable place to call home and an opportunity to build equity and wealth for their family. Our bipartisan tax credit will drive investment and revitalize neighborhoods in Baltimore and across Maryland while keeping them affordable for low- and moderate-income families,» said Senator Cardin. «By building on the success of the Low-Income Housing Tax Credit (LIHTC) and New Markets Tax Credit (NMTC), we can attract investment in communities that need it most. President Biden’s campaign supported the Neighborhood Homes Investment Act, a strong sign of the growing support and need for this program now.» 

«The Neighborhood Homes Investment Act provides a tax credit to rehabilitate blighted homes and help revitalize neighborhoods across America and Ohio,» said Senator Portman. «As we continue to battle the ongoing COVID-19 pandemic, this tax credit will encourage opportunity and investment in neighborhoods that are often home to vulnerable populations and marked by stagnant housing markets, foreclosures, and blighted or vacant homes. I urge my colleagues to join me in supporting this new incentive which will work in tandem with the New Markets Tax Credit, Opportunity Zones, and the Low-Income Housing Tax Credit to help Ohioans by providing desirable housing and generating new opportunities for their residents.» 

NHIA tax credits would be awarded to project sponsors—which could include developers, lenders, or local governments—through statewide competitions administered by state housing finance agencies.  Sponsors could use the credits to raise investment capital for their projects, and the investors could claim the credits against their federal income tax when the homes are sold and occupied by moderate- and middle-income homebuyers.

«Rehabilitating existing homes and building new ones can prevent or even reverse a trajectory of decline in a community,» said Julia Gordon, president of the National Community Stabilization Trust. «With affordable housing inventory extremely tight right now, this program offers a win-win of revitalizing neighborhoods and increasing housing supply, thereby providing new opportunities for families to access homeownership.»

The Neighborhood Homes Coalition estimates that the NHIA would support a substantial economic impact over the next 10 years. In addition to the 500,000 homes that would be rehabbed and $100 billion in development activity, estimated impacts of this legislation include:

  • 785,714 jobs in construction and construction-related industries
  • $42.9 billion in wages and salaries
  • $29.3 billion in federal, state, and local tax revenues and fees

In addition, by increasing the stock of moderately priced single-family homes, the NHIA will help create homeownership and wealth building opportunities for minority and first-time homebuyers.

About Us
The Neighborhood Homes Coalition is a national advocacy group comprised of 25 organizations, including housing and community development nonprofits, financial institutions, and related trade associations—all supporting enactment of the NHIA. Please visit neighborhoodhomesinvestmentact.org for additional information. 

Contacts:

Kris Siglin
National Community Stabilization Trust
ksiglin@stabilizationtrust.org
202-695-5984

Matt Josephs
Local Initiatives Support Corporation
mjosephs@lisc.org
202-739-9264

Buzz Roberts
National Association of Affordable Housing Lenders
broberts@naahl.org
202-293-9853

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SOURCE Neighborhood Homes Coalition

FIBRA Prologis anuncia la renuncia de Pablo Escandón Cusi del Comité Técnico

CIUDAD DE MÉXICO, 28 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14) uno de los fideicomisos de inversión en bienes raíces líder en inversión y administración de inmuebles logísticos clase A en México, anunció hoy que Pablo Escandón Cusi ha decidido renunciar como miembro independiente del Comité Técnico después de más de 6 años.

«Quisiera agradecer las aportaciones y compromiso que tuvo Pablo Escandón Cusi desde que inició operaciones FIBRA Prologis como miembro independiente del Comité Técnico de…

CIUDAD DE MÉXICO, 28 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14) uno de los fideicomisos de inversión en bienes raíces líder en inversión y administración de inmuebles logísticos clase A en México, anunció hoy que Pablo Escandón Cusi ha decidido renunciar como miembro independiente del Comité Técnico después de más de 6 años.

«Quisiera agradecer las aportaciones y compromiso que tuvo Pablo Escandón Cusi desde que inició operaciones FIBRA Prologis como miembro independiente del Comité Técnico de Fibra Prologis», dijo Luis Gutierrez Guajardo, Director General de Prologis Property México. «Pablo ha sido un miembro activo en diferentes vehículos de inversión, su experiencial, apoyo y consejo siempre fueron bien recibidos y de gran ayuda. Estaremos siempre agradecido por su apoyo durante todos estos años.»

En los próximos meses el Administrador de Fibra Prologis nombrará y comunicará la persona que cubrirá la vacante del Sr. Escandón Cusi como miembro Independiente del Comité Técnico.

PERFIL DE FIBRA PROLOGIS

FIBRA Prologis es uno de los fideicomisos de inversión en bienes raíces líder en inversión y administración de inmuebles industriales clase A en México. Al 31 de diciembre de 2020, FIBRA Prologis consistía de 205 inmuebles destinados a logística y manufactura ubicados en seis mercados industriales en México, con una Área Rentable Bruta total de 40.2 millones de pies cuadrados (3.7 millones de metros cuadrados).

DECLARACIONES SOBRE HECHOS FUTUROS

Este comunicado contiene algunas declaraciones sobre hechos futuros. Dichas declaraciones están basadas en expectativas actuales, estimaciones y proyecciones de la industria y los mercados en los cuales FIBRA Prologis opera, así como en creencias y suposiciones derivadas del Administrador de FIBRA Prologis. Dichas declaraciones implican incertidumbres que pudieren llegar afectar significativamente los resultados financieros de FIBRA Prologis. Palabras como «espera», «anticipa», «intenta», «planea», «cree», «busca», «estima» o variaciones de las mismas y expresiones similares tienen la intención de identificar dichas declaraciones sobre hechos futuros, que por lo general no son de naturaleza histórica. Todas las declaraciones en relación con el rendimiento operacional, eventos o desarrollos que esperamos o anticipamos que ocurran en el futuro, incluyendo, declaraciones relacionadas con renta y crecimiento ocupacional, actividades de desarrollo y cambios en las ventas o en el volumen de propiedades a ser aportadas, enajenaciones, condiciones generales en las áreas geográficas en las que operamos, y nuestra deuda y posición financiera, serán consideradas declaraciones sobre hechos futuros. Estas declaraciones no garantizan un rendimiento futuro e implican ciertos riesgos, incertidumbres y supuestos que son difíciles de predecir. No obstante que creemos que las estimaciones contenidas en cualquier declaración sobre hechos futuros están basadas en suposiciones razonables, no podemos asegurar que nuestras expectativas se cumplirán y por lo tanto los resultados reales podrían diferir materialmente de lo expresado o previsto en dicha declaración. Algunos de los factores que pudieren llegar afectar dichas resultados incluyen, pero no se limitan, a: (i) la situación económica internacional, regional y local, (ii) los cambios en los mercados financieros, tasas de interés y tipos de cambio de moneda extranjera, (iii) aumento en, o surgimiento de, competencia respecto de nuestras propiedades, (iv) los riesgos asociados con adquisiciones, enajenación y desarrollo de propiedades, (v) el mantenimiento del régimen y estructura fiscal de un fideicomiso de inversión en bienes raíces, (vi) la disponibilidad de financiamiento y capital, los niveles de endeudamiento que mantengamos y nuestras calificaciones, (vii) los riesgos relacionados con nuestras inversiones, (viii) incertidumbres ambientales, incluyendo los riesgos de desastres naturales, y (ix) los factores de riesgo adicionales discutidos en los comunicados, informes, reportes, prospectos y suplementos presentados ante la Comisión Nacional Bancaria y de Valores y la Bolsa Mexicana de Valores, S.A.B. de C.V., por FIBRA Prologis, bajo el rubro «Factores de Riesgo». Ni Prologis ni FIBRA Prologis asumen obligación alguna de actualizar las declaraciones sobre hechos futuros que aparecen en este comunicado.

FIBRA Prologis.

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FUENTE FIBRA Prologis

FIBRA Prologis Announces Resignation of Pablo Escandon Cusi from Technical Committee

MEXICO CITY, Jan. 28, 2021 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced that Pablo Escandon Cusi has decided to retire as independent member of the Technical Committee after more than six years, as such he will be presenting his resignation in accordance to FIBRA Prologis bylaws

«I would like to thank <span…

MEXICO CITY, Jan. 28, 2021 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced that Pablo Escandon Cusi has decided to retire as independent member of the Technical Committee after more than six years, as such he will be presenting his resignation in accordance to FIBRA Prologis bylaws

«I would like to thank Pablo Escandon for his contributions and commitment to FIBRA Prologis since 2014,» said Luis Gutierrez, CEO of Prologis Property Mexico. «Pablo has been an active member of our Technical Committee and his mentoring and counsel have always been well received and helpful. We will always be grateful for his support during these past years. «

In the following months FIBRA Prologis Manager will announce a replacement to Pablo Escandón Cusi as an independent member of the Technical Committee.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2020, FIBRA Prologis was comprised of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.2 million square feet (3.7 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as «expects,» «anticipates,» «intends,» «plans,» «believes,» «seeks,» «estimates,» variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust («FIBRA») status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the «Comisión Nacional Bancaria y de Valores» and  the Mexican Stock Exchange by FIBRA Prologis under the heading «Risk Factors.» FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

FIBRA Prologis.

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SOURCE FIBRA Prologis

FIBRA Prologis Announces Resignation of Pablo Escandon Cusi from Technical Committee

MEXICO CITY, Jan. 28, 2021 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced that Pablo Escandon Cusi has decided to retire as independent member of the Technical Committee after more than six years, as such he will be presenting his resignation in accordance to FIBRA Prologis bylaws

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MEXICO CITY, Jan. 28, 2021 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced that Pablo Escandon Cusi has decided to retire as independent member of the Technical Committee after more than six years, as such he will be presenting his resignation in accordance to FIBRA Prologis bylaws

«I would like to thank Pablo Escandon for his contributions and commitment to FIBRA Prologis since 2014,» said Luis Gutierrez, CEO of Prologis Property Mexico. «Pablo has been an active member of our Technical Committee and his mentoring and counsel have always been well received and helpful. We will always be grateful for his support during these past years. «

In the following months FIBRA Prologis Manager will announce a replacement to Pablo Escandón Cusi as an independent member of the Technical Committee.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2020, FIBRA Prologis was comprised of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.2 million square feet (3.7 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as «expects,» «anticipates,» «intends,» «plans,» «believes,» «seeks,» «estimates,» variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust («FIBRA») status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the «Comisión Nacional Bancaria y de Valores» and  the Mexican Stock Exchange by FIBRA Prologis under the heading «Risk Factors.» FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

 

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SOURCE FIBRA Prologis

NuSTREEM Innovation Increases Efficiency and ROI at Hydropower Site

MANSFIELD CENTER, Conn., Jan. 28, 2021 /PRNewswire/ — Continuing to innovate and refine the approach toward automation of controls for dual regulated turbines, leading hydroelectric equipment manufacturer NuSTREEM is offering hydropower project owners the opportunity to demonstrate its advanced NuTECH Controller for free.

The NuTECH Controller upgrades the performance of dual regulated turbines by using transformative technology proven to significantly increase efficiency. The NuTECH…

MANSFIELD CENTER, Conn., Jan. 28, 2021 /PRNewswire/ — Continuing to innovate and refine the approach toward automation of controls for dual regulated turbines, leading hydroelectric equipment manufacturer NuSTREEM is offering hydropower project owners the opportunity to demonstrate its advanced NuTECH Controller for free.

The NuTECH Controller upgrades the performance of dual regulated turbines by using transformative technology proven to significantly increase efficiency. The NuTECH Controller relies on a new to industry control algorithm that optimizes performance, efficiency and reliability. The technology is easily installed and integrated with existing turbines and control systems. It also can be used in conjunction with NuSTREEM’s NuTURBINE design.

«Our innovation is exciting because it enhances the system by maximizing performance and improving water use efficiency, resulting in a better economic bottom line for projects,» NuSTREEM General Manager, Juliann Blanford said. «Our NuTECH Controller puts intelligence behind decisions about how to move water through a turbine and is demonstrably superior to other methods, such as cam curve-based optimization.»

Demonstrating the Technology

NuSTREEM established the value of the controller through simulation and empirical testing with both demonstrating significant improvements over existing methods. The results were released in the NuTECH Controller case study, available on the NuSTREEM website.

When operating with the NuTECH Controller, the turbine achieved efficiency gains throughout the operating range, with the most statistically significant improvements at low flow.

«As it modernizes, the hydro industry is evaluating new approaches to recapture energy lost through inefficiency, squeezing out every last bit of available generation,» Blanford added. «Our NuTECH Controller boosts the performance of existing systems, while integrating seamlessly, as a result of our proven new approach. The NuTECH Controller provides efficiency improvements for all turbines — from the smallest to the largest.»

An Optimization Upgrade Offer to Existing Control System

The NuTECH Controller is an optimization upgrade working with existing turbines as a control system add-on. It interfaces via multiple standard communication protocols with existing facility controls. 

NuSTREEM provides expert support to site operators and engineers making the set-up and integration low risk. The Controller is designed to reduce installation effort by minimizing the extent of modifications to the facility PLC. NuSTREEM’s approach is to provide additional performance while also addressing and prioritizing the site owners’ concerns. For example, the NuTECH Controller can make continuous program adjustments at an interval directed by the site operator to minimize the risk of overuse of the actuation hardware.

NuSTREEM recently launched a partnership program for the NuTECH Controller. The company is offering hydropower project owners the opportunity to demonstrate its advanced Controller technology in exchange for data documenting efficiency improvements achieved. Visit the NuSTREEM website to learn how existing hydropower projects can acquire the NuTECH Controller for free.

ABOUT NuSTREEM

MANSFIELD CENTER, CT – NuSTREEM produces modular, standard, and data driven hydropower equipment. NuSTREEM’s products are based on innovations that significantly improve the performance of hydropower turbines used throughout the world. With thousands of hours of run time on multiple units, NuSTREEM has a proven design to meet the demands for modular and intelligent hydro equipment. By applying contemporary technology and design to hydropower systems, NuSTREEM has created a highly efficient controller package. Visit NuSTREEM.com or follow @NuSTREEM on social media for more information.

Related Images

nustreem-controller.png
NuSTREEM Controller

 

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SOURCE NuStreem