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Applications Being Accepted for Pasadena Arts & Culture Relief Grants

first_imgThe application period continues through Oct. 19 for the Pasadena Cultural Affairs Division’s new Arts & Culture Relief Program, which provides grants to eligible community organizations affected by the ongoing pandemic and coinciding public health orders, officials said.The one-time program, which is funded with $550,000, was authorized last month by the City Council.“Arts and Culture are a vital part of the Pasadena community and economy,” city officials said in a written statement, adding the program is intended to provide operating funds to offset COVID-19 losses.“The program allows for a maximum request of $20,000 and has an available budget of $550,000,” the statement said. “The city acknowledges the generous $50,000 contribution by the Pasadena Community Foundation to supplement the City Council budget of $500,000.”To be eligible, organizations must be based in Pasadena; be a federally designated nonprofit arts or cultural organization with primary missions to provide arts programming, with more than 50 percent of the organizations’ budgets devoted to arts or cultural programming; demonstrate a need for “immediate operating support” due to COVID-19 impacts; have been active in Pasadena during 2019; have an “active” status and Certificates of Good Standing from the California Secretary of State; and operate in compliance with all city codes and ordinances, according to the program guidelines.Government agencies and departments, schools, religious or welfare organizations, organizations with programming not open to the general public, endeavors “clearly intended for commercial gain,” and organizations with a primary goal of fundraising are not eligible.An optional technical assistance workshop is scheduled online at 2:30 p.m. Tuesday to guide those interested in applying through the process.The meeting can be accessed by clicking here, or by calling (213) 493-7443 and using Conference ID: 467 626 472#.Guidelines, including eligibility requirements, and applications are available online at cityofpasadena.net/planning/arts-and-cultural-affairsGuidelines, including eligibility requirements, and applications are available online at cityofpasadena.net/planning/arts-and-cultural-affairs.See also:City Approves $500,000 Arts & Culture Grant ProgramPasadena Finance Committee Mulls $500,000 for Arts & Culture Relief Grant Program Make a comment Community News More Cool Stuff Subscribe EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * STAFF REPORT First Heatwave Expected Next Week HerbeautyThese Lipsticks Are Designed To Make Your Teeth Appear Whiter!HerbeautyHerbeautyHerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeautyHerbeautyNerdy Movie Kids Who Look Unrecognizable TodayHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeauty Community Newscenter_img 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. CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday COMMUNITY SECTION Applications Being Accepted for Pasadena Arts & Culture Relief Grants By BRIAN DAY Published on Monday, October 12, 2020 | 2:00 pm Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 15 recommended0 commentsShareShareTweetSharePin it Business Newslast_img read more

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The Fed Funds Rate and Unconventional Wisdom

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily March 22, 2017 1,364 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Inventory and Prices Prevent Some Homeowners from Moving Next: CFPB to Re-Examine Regulation The Best Markets For Residential Property Investors 2 days ago The Fed Funds Rate and Unconventional Wisdom Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fed Housing Market Rates 2017-03-22 Rick Sharga in Daily Dose, Featured, Government, Market Studies Rick Sharga is EVP of Ten-X. Before joining Ten-X, Sharga was EVP at Carrington Mortgage Holdings and a SVP at RealtyTrac. Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Conventional wisdom suggests that rising Fed Funds rates are bad news for the still-recovering US Housing Market. And it’s easy to see a scenario unfold that supports this theory: lenders react to the Fed action by raising interest rates on mortgages; these higher interest rates, coupled with strong home price appreciation make housing less affordable, especially for homebuyers who were already uncertain that they could actually afford a home; and with consumer psychology being what it is, many other potential buyers would simply assume that the market was too expensive to enter, opting to stay on the sidelines. Lower affordability and less demand certainly don’t paint a pretty picture.Fortunately, conventional wisdom is often wrong, and there are several reasons why it might be wrong in this case:First, while there will be an effect on consumer psychology, it might actually be the opposite of the above scenario: seeing the Fed raise rates in 2017, and with two more rate increases this year likely, potential homebuyers will get into the market in order to buy a house before rates go any higher. Second, higher interest rates may provide enough of a financial cushion to encourage lenders to loosen some of the incredibly tight lending standards that have prevented millions of credit-worthy borrowers from getting mortgages. Higher rates will also drastically reduce the number of refinance loans being issued, which lenders may try to offset by doing more purchase loans.Third, while interest rates are likely to go up, rates on a 30-year fixed rate loan are still almost two points lower than the average interest rate paid by borrowers over the last 25 years, and home prices in all but the most overheated markets across the country are still very affordable by historical standards.Finally, since the 25 basis point hike was well within the range that most industry analysts had expected, rates may not go up as much as expected, at least for the time being.This is admittedly a much rosier scenario – motivated buyers, relaxed lending standards, and marginal mortgage rate increases, coupled with what appears to be strong wage and job growth. And if unconventional wisdom prevails, the spring selling season could be the strongest one we’ve seen in many years. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Fed Housing Market Rates Home / Daily Dose / The Fed Funds Rate and Unconventional Wisdom The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Rick Sharga Subscribelast_img read more

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