Tag

Loan Program

All articles tagged with #loan program

politics1 year ago•4 min saved

"Johnson's Evolving Strategy for Ukraine Aid: Seeking Bipartisan Support and Navigating Political Shifts"

Speaker Mike Johnson assured Republican senators that he is still working on a path forward for Ukraine aid in the House of Representatives, indicating that aid to Ukraine isn't dead in Congress. The aid package being considered is likely to differ from the $95 billion package passed by the Senate, with Republicans exploring the possibility of a loan program instead. House Foreign Affairs Chairman Michael McCaul and Johnson are collaborating to craft a Ukraine aid package, aiming to bring it to the floor after the appropriations process is completed. While some Republican senators are open to providing aid through a loan program, there is urgency to address Ukraine's request for more aid, with Minority Leader Mitch McConnell urging the House to pass the Senate bill quickly.

via CNN|

#aid-package #house-of-representatives #loan-program

politics1 year ago•6 min saved

"House Republicans Explore Alternative Plan for Ukraine Aid Amid Pressure"

House Republicans are considering an alternative Ukraine aid package that includes a loan program for nonmilitary aid, aiming to address concerns of conservatives opposed to further funding for Ukraine. The proposal would treat some aid as loans, using Russian assets seized by the U.S. government as collateral, and has garnered modest interest from House leadership. Meanwhile, the Pentagon is considering providing urgent weapons to Ukraine without waiting for Congress to approve funds, and House Democrats are preparing a discharge petition to force a vote on a Senate aid bill.

via NBC News|

#aid-package #house-republicans #loan-program

financeeconomics1 year ago•3 min saved

IMF Approves $4.7 Billion for Argentina, Endorses Milei's Reforms

The International Monetary Fund (IMF) has expressed support for Argentina's efforts to implement reforms under President Javier Milei's administration, acknowledging the boldness of the proposed stabilization plan. While the IMF recognizes the high risks associated with the program's success, it commends Argentina's commitment to eliminating fiscal deficits and addressing long-standing impediments to growth. The IMF has extended the duration of Argentina's $44 billion loan program and approved a $4.7 billion disbursement, emphasizing the need for tight economic policies and reserve accumulation targets. Milei faces the challenge of pushing through an omnibus reform bill in Congress, with the IMF slashing its forecast for Argentina's 2024 GDP due to the expected effects of the new government's proposed reforms.

via Reuters Canada|

#argentina #financeeconomics #imf

real-estate2 years ago•2 min saved

"California Revamps Homebuyer Program with New Lottery for Down Payment Funding"

California's Dream For All Shared Appreciation loan program, aimed at helping first-time homebuyers with down payments, is relaunching with changes including a new lottery system to handle the high demand, lower income limits, and a larger fund allocation. Prospective home buyers have until April to find a state-approved lender and start working on the application, with 1,700 to 2,000 winners receiving vouchers. The program aims to reach a more diverse group of potential home buyers statewide and ensure equitable distribution of funds across different regions.

via KTLA Los Angeles|

#california #down-payment-assistance #first-time-home-buyers

real-estate2 years ago•1 min saved

High Demand Pauses California's Homeownership Assistance Programs.

California's new mortgage relief program for first-time home buyers, the "California Dream for All Shared Appreciation Loan" program, has been paused due to overwhelming demand less than two weeks after it began. The program, aimed at lower- and middle-income borrowers, was designed to provide loans amounting to 20 percent of a home’s purchase price. The $300 million allotted for the program was expected to last for months, but instead, it became evident within days that the money would run out almost immediately. The program was helping 2,300 Californians buy their first homes, and its pause has left many applicants in limbo.

via The Washington Post|

#affordable-housing #california #first-time-home-buyers

real-estate2 years ago•4 min saved

"California Launches Loan Program to Assist First-Time Home Buyers with Down Payments"

The California Housing Finance Agency is launching the "California Dream For All Shared Appreciation" loan program to help first-time home buyers with low and moderate incomes. The program will provide 20% of the home's cost to help with the down payment, and when the homeowner sells the house, the state gets a portion back to help the next first-time buyer. The state plans to provide $300 million in payments to help 2,300 first-time buyers.

via KCRA Sacramento|

#affordable-housing #california #down-payment

finance2 years ago•4 min saved

Fed's Emergency Lending to Banks Reaches Unprecedented Heights

The Federal Reserve added nearly $300 billion to its balance sheet in a single week through its loan bailout program for banks, effectively loaning troubled banks $300 billion of new money that was created out of thin air. The Bank Term Funding Program (BTFP) will offer loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging US Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. The fact that banks borrowed $300 billion in just one week reveals just how unsound the US banking system is, and Americans will pay for these bank bailouts through the inflation tax.

via SchiffGold|

#bank-bailouts #federal-reserve #finance