Moore announces funding for phase II septic-to-sewer project, helping residents and…

first_img Please enter your comment! LEAVE A REPLY Cancel reply TAGSDistrict 2 Orange County Commissioner Christine MooreEnvironmentFlorida Governor Ron DeSantisFundingGovernor Ron DeSantishomeHouseResidentialSeptic SystemsSewerWaterWekiva RiverWekiwa Springs Previous articleGoodwill hosts free webinar for job seekers on June 4Next articleThe 100 deadliest days for teen drivers have begun Denise Connell RELATED ARTICLESMORE FROM AUTHOR Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Support conservation and fish with NEW Florida specialty license plate Please enter your name here From the Office of Orange County Commissioner Christine Moore, District 2Governor Ron DeSantis signed the Florida State budget into law today allocating $500,000 for the conversion of 154 residential septic systems to sewer in District 2. This money is part of a larger project which Orange County Commissioner District 2 Christine Moore started in early 2019 to remove aging septic systems, which contribute to pollution of nearby Wekiwa Springs and the Wekiva River.Phase II of the project is underway with design, surveying, and soil testing taking place. Phase I’s groundbreaking event takes place June 18, 2021 in the subdivision which sits closest to Wekiwa Springs – Sweetwater West. Neighboring Wekiwa Highlands is also included in this project. Between the two, 211 residential septic systems will be converted to sewer in a phased project.Commissioner Moore said, “I am grateful to state lawmakers for funding this critical process which will stop the closest source of nitrogen from entering our outstanding waterways in District 2.”The Florida Springs and Aquifer Protection Act requires a focus on reducing the nitrogen load on targeted lots of less than one acre, and where groundwater is the most vulnerable.  For Phase I, Orange County is responsible for one-quarter of the total cost. Additionally, St. Johns River Water Management, the Florida Department of Environmental Protection, and property owners themselves through a formal vote, share the remainder of the cost.For Phase II, the same entities are responsible for the conversion to sewer with a grant submission to the Florida Department of Environmental Protection still under consideration at this time. The Anatomy of Fear Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.last_img

Six of the Best – Aviva Premiership Try of the Season Shortlist

first_imgSunday May 10, 2015 Six of the Best – Aviva Premiership Try of the Season Shortlist As we come to the end of another weekend of domestic rugby, here is a look at some of the very best tries scored in the Aviva Premiership over the course of the 2014-2015 season. It’s difficult to pick a Try of the Season winner, but take a look and let us know your thoughts.Bath’s Kyle Eastmond features twice, with both being great team tries with some individual brilliance thrown in, while for Gloucester Charlie Sharples had a fairly easy run in after some vintage James Hook play.Sinoti Sinoti scored a scorcher against Bath, while Christian Wade did what only Christian Wade can do, as he got the ball around the halfway line and created something out of pretty much nothing vs Saracens. Wasps teammate Joe Simpson however scored a dazzling solo effort that with those changes of direction and that searing pace, will be tough to beat.They’re all excellent, but which try stands out for you at the top of the list?ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Great Tries Related Articles 26 WEEKS AGO Incredible athleticism for sensational try… 26 WEEKS AGO ARCHIVE: Suntory score amazing try to upset… 26 WEEKS AGO WATCH: All 12 tries from EPIC Bristol-Clermont… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img

Wooden Atelier / Berzero Jaros

first_img Lead Architect: “COPY” Houses CopyAbout this officeEstudio Berzero JarosOfficeFollowProductsWoodSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentExtensionCordobaArgentinaPublished on November 29, 2019Cite: “Wooden Atelier / Berzero Jaros” [Atelier de madera / Berzero Jaros] 29 Nov 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?黄金比例木质工作间 / Berzero Jaros是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Wooden Atelier / Berzero Jaros Save this picture!© Constanza Otero+ 20Curated by Clara Ott Share 2018 CopyHouses, Extension•Córdoba, Argentina Photographs Wooden Atelier / Berzero JarosSave this projectSaveWooden Atelier / Berzero Jaros Argentina ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/929172/wooden-atelier-berzero-jaros Clipboardcenter_img Year:  Agustín Berzero, Valeria Jaros Area:  15 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/929172/wooden-atelier-berzero-jaros Clipboard Photographs:  Constanza Otero “COPY” Structural Calculation:Edgar MoránCarpentery:PezHnosCollaboration:Emilia DarricadesCity:CórdobaCountry:ArgentinaMore SpecsLess SpecsSave this picture!© Constanza OteroRecommended ProductsWoodStructureCraftEngineering – Architectural & FreeformDoorsSaliceSliding Door System – Slider S20DoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesWindowsAir-LuxSliding Window – CurvedText description provided by the architects. The project is conceived as an exterior and separate extension of an existing house, located on the courtyard area of the house, configured as an abstract prism that relates to its surroundings with an attitude of an object in the surrounding landscape. The spatial dimensions of the volume are based on the golden ratio and proportions. It is a small space of multiple uses that responds to the need to store, exhibit and produce paintings. The unique piece is conceived in wood from its genesis, solving the structure and the envelopes by taking advantage of both the possibilities of the prefabricated building system and its spatial qualities to achieve an interior of great warmth.Save this picture!© Constanza OteroSave this picture!Floor PlanThe work was prefabricated in the workshop and then assembled on site. The support system is solved by means of delicate sheets that lift the construction off the ground, avoiding the contact of the wood with the humidity of the earth. The main structure of beams and columns of hardwood are solved in 3 ”x 4” Grapia wood, simplifying the system to a single section. The entire structure is wrapped in 18mm Phenolic Plates veneered with Araucaria wood, achieving a continuous surface on the outer face, on which the geotextile membrane is placed as water-repellent insulation, protecting the wood from any contact with water. In this way, the structure is expressed inside the space, which is formed by a series of modulated frames at 1m distance.Save this picture!© Constanza OteroThe whole construction is shaded by a ventilated cover and envelope, resolved in planes of white pre-painted “cold” sinusoidal sheets that detach from the interior enclosure allowing air circulation and optimizing resources through passive systems ensuring interior comfort. In the interior space, a series of sliding frames are installed for storing and displaying the paintings optimizing the surface to the maximum. A library and a folding drawing board projected with the same material logic will also be incorporated.Save this picture!© Constanza OteroSave this picture!SectionSave this picture!© Constanza read more

New Chief Executive for Guy’s and St Thomas’ Charity

first_img Howard Lake | 2 March 2009 | News Peter Hewitt, former Chief Executive of the Arts Council, has been appointed as the new Chief Executive of Guy’s and St Thomas’ Charity, the UK’s largest NHS related charity. He will take up the post in June 2009 following the retirement of Geoffrey Shepherd.During his time at the Arts Council, Hewitt led a £1 billion lottery funded arts capital programme and worked in partnership with the public and private sectors to significantly enhance the profile of arts in England.He was awarded a CBE for his achievements in bringing the arts to a wider audience in the 2008 Queen’s Birthday Honours.www.gsttcharity.org.uk Tagged with: London Management Recruitment / people  43 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis New Chief Executive for Guy’s and St Thomas’ Charity About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

Hospices benefit from cricket ticket giveaway

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 8 May 2012 | News Tagged with: corporate Events Clydesdale and Yorkshire Banks have donated 500 tickets to cricket matches to hospices across the country to help them fundraise or give to patients and families.The tickets for this summer’s Clydesdale Bank 40 (CB40) one-day cricket matches have been donated as part of Clydesdale and Yorkshire Banks’ long-running partnership with Help the Hospices.Hospices will be able to use the tickets to provide fun days out for patients and families, as rewards for dedicated volunteers, or as raffle or auction prizes to raise funds.The CB40 season, which began last weekend, will culminate in a final at Lord’s on 15 September 2012.Maxine Trotter, director of fundraising at Help the Hospices, said: “Our member hospices are local charities, and they rely on the support of companies like Clydesdale and Yorkshire Banks in order to provide the very best care and support to patients and their families. The cricket tickets are another way that we continue to work together with the banks to support hospice care in local communities.”www.cbonline.co.ukPhoto: Wallula Junction on Flickr.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Hospices benefit from cricket ticket giveaway  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img

Stabenow: We Are Making Progress, Moving Toward Farm Bill Agreement

first_img SHARE Home Indiana Agriculture News Stabenow: We Are Making Progress, Moving Toward Farm Bill Agreement Facebook Twitter For more information, and a summary of the Agriculture Reform, Food and Jobs Act of 2012, please visit the Senate Agriculture Committee’s website at https://www.ag.senate.gov/issues/farm-bill. Facebook Twitter Senator Debbie Stabenow, Chairwoman of the U.S. Senate Committee on Agriculture,  said Thursday she is continuing to work closely with the Committee’s Ranking Member, Senator Pat Roberts, and Senate leadership on an agreement to move forward with considering more amendments to the Agriculture Reform, Food and Jobs Act (the Senate’s 2012 Farm Bill). The bill, which is currently being considered by the full Senate, is a bipartisan reform measure that ends unnecessary subsidies, cuts $23.6 billion in spending, and helps America’s agriculture economy continue to grow. The bill passed out of Committee with bipartisan support on a 16-5 vote and cleared its first procedural vote 90-8 last week. “To provide farmers and small businesses certainty to continue growing the economy, and to achieve major reform of American farm programs, this is a must-pass bill,” Chairwoman Stabenow said.“We have seen now close to 300 amendments offered to the Farm Bill, which illustrates how important this is to our colleagues from every part of the country. We are continuing to make progress toward a final amendment package and I’m confident we’ll do what the American people want to see us do – come together and pass a bill that will cut spending and create jobs.”center_img By Gary Truitt – Jun 14, 2012 SHARE Stabenow: We Are Making Progress, Moving Toward Farm Bill Agreement Previous articleNCFC Opposes Coburn Amendment to Cut Spending to Market AccessNext articleMore Indiana Crops Affected as Drought Spreads Gary Truittlast_img

Philippines: RSF and the #HoldTheLine Coalition welcome reprieve for Maria Ressa, demand all other charges and cases be dropped

first_img May 3, 2021 Find out more Filipina reporter held for past year on trumped-up firearms charge February 16, 2021 Find out more Organisation Philippine journalist Maria Ressa (right) arrives for a press conference after being convicted on June 15, 2020 of cyber libel and sentenced to prison. The plaintiff, controversial businessman Wilfredo Keng (left), withdrew his complaint on June 1, 2021, rendering the State’s case against Ressa futile (photos : Maria Tan – Ted Aljibe / AFP). Help by sharing this information News Mass international solidarity campaign launched in support of Maria Ressa Judge Andres Soriano of the Manila Regional Trial Court dismissed the case ‘with prejudice’ today after the plaintiff – controversial businessman Wilfredo Keng – withdrew his complaint, rendering the State’s case against Maria Ressa futile.In petitioning the court to withdraw his claim, Keng’s legal team stated: “Upon careful reflection, the private complainant has decided to redirect his focus towards helping out with the pandemic, instead of being preoccupied with the prosecution of this case.”The HTL Coalition welcomes this pivot and strongly urges President Duterte and his administration to follow suit and drop all eight remaining cases and charges against Ressa that are still being prosecuted by the State.“The Duterte government should end its campaign of harassment and persecution against Maria Ressa and Rappler immediately and cease prosecuting the journalist and her news outlet for their public interest journalism,” the HTL Steering Committee said.Ressa was sentenced to a maximum of six years in jail in June 2020 after being convicted on a trumped-up ‘cyberlibel’ charge prosecuted by the State. That case was based on a complaint made by Wilfredo Keng in connection with Rappler’s reporting on his business activities. Ressa is in the process of appealing that conviction.The State began prosecuting a second criminal cyberlibel charge against Ressa in late 2020 based on Keng’s second complaint. That complaint – the one that has just been dismissed – pertained to a tweet Ressa posted containing two screen grabs of another news outlet’s coverage of Keng’s activities. Ressa still faces the prospect of decades in jail associated with the lingering suite of cases and charges against her.The Philippines is ranked 138th out of 180 countries in RSF’s 2021 World Press Freedom Index.Contact #HoldTheLine Steering Committee Members for further details: Julie Posetti ([email protected]); Rebecca Vincent ([email protected]); Rob Mahoney ([email protected]). Note: The #HoldTheLine Coalition currently comprises 80 organisations. This statement is issued by the #HoldTheLine Steering Committee but it does not necessarily reflect the position of all or any individual Coalition members or organisations. News News Receive email alertscenter_img PhilippinesAsia – Pacific Condemning abusesProtecting journalistsMedia independence Judicial harassment PhilippinesAsia – Pacific Condemning abusesProtecting journalistsMedia independence Judicial harassment News to go further June 1, 2021 Philippines: RSF and the #HoldTheLine Coalition welcome reprieve for Maria Ressa, demand all other charges and cases be dropped Filipina journalist still held although court dismissed case eleven days ago Follow the news on Philippines Reporters Without Borders (RSF), as part of the #HoldTheLine (HTL) Coalition, welcomes a Manila court’s decision to dismiss the second criminal cyberlibel charge brought against celebrated American-Filipino journalist Maria Ressa but demands the immediate withdrawal of all other charges and cases filed against Ressa and her news website Rappler. February 9, 2021 Find out more RSF_en last_img

Police confiscate opposition fortnightly, hold editor for 7 hours

first_img September 20, 2005 – Updated on January 20, 2016 Police confiscate opposition fortnightly, hold editor for 7 hours February 13, 2020 Find out more Reporters Without Borders voiced concern today about the Rwandan government’s continuing crackdown on the opposition press after police yesterday seized part of the latest issue of the fortnightly Umuco and detained its editor, Bonaventure Bizumuremyi, for 7 hours. The 2020 pandemic has challenged press freedom in Africa News Receive email alerts RwandaAfrica RwandaAfrica Help by sharing this information April 6, 2020 Find out more RSF_en to go further News Covid-19 in Africa: RSF joins a coalition of civil society organizations to demand the release of imprisoned journalists on the continent Reporters Without Borders voiced concern today about the Rwandan government’s continuing crackdown on the opposition press after police yesterday seized part of the latest issue of the fortnightly Umuco and detained its editor, Bonaventure Bizumuremyi, for 7 hours.“The authorities seem determined to silence all critical voices by force,” the press freedom organisation said. “We are all the more alarmed as the censoring of Umuco comes on the heels of the imprisonment of one of its journalists, Jean Léonard Rugambage, and the imprisonment of the magazine Dialogue’s former editor, Guy Theunis.”Copies of Umuco’s latest issue were seized at the border as they were being brought in from neighbouring Uganda where, like many other Rwandan publications, it is printed in Kampala because production costs are cheaper. The authorities said they were confiscated for containing “libel” and “undermining state security.”Bizumuremyi nonetheless managed to distribute a limited number of copies of the issue to street vendors in Kigali, where some vendors were harassed by police this morning on the streets.In the offending issue, articles carrying Bizumuremyi’s byline called President Paul Kagame a “dictator,” accused the ruling FPR of forcing government employees and local cooperatives to contribute funds to the party, and criticised the arrests of Rugambage and Theunis.The police detained and interrogated Bizumuremyi from 11 a.m. to 6 p.m. yesterday before letting him go. He said he has been receiving telephone threats ever since. The financial loss resulting from the confiscation could threaten the newspaper’s survival, he added. News Reports November 27, 2020 Find out more Organisation BBC Africa’s “disproportionate and dangerous” dismissal of a journalist Follow the news on Rwandalast_img

Expanding the Library’s Walls

first_img Community News Name (required)  Mail (required) (not be published)  Website  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 Giving Back Expanding the Library’s Walls Friends of the Pasadena Public Library helps books reach out From STAFF REPORTS Published on Friday, September 5, 2014 | 6:38 pm Top of the News Business News Subscribe Your email address will not be published. Required fields are marked * More Cool Stuff It takes more than a library to make a library truly work.Besides the staff and employees there are a host of local organizations that help the library transcend its role in the community.Enter The Pasadena Friends of the Library.As President Joan Cathcart explained, the group works with the library in a host of ways to help expand its reach throughout the city.“We have an organization with 18 directors. That’s everybody working,” said Cathcart, explaining the wide range of activities that the organization performs to raise money in support of the library’s efforts.“The largest amount of money comes from our book sales, as patrons donate books to the Pasadena Central Library and then we turn around and sell them in a bookstore that is open from 11:00 a.m. to 4:00 p.m. Monday thru Friday off the Eastern Patio at the Central Library, â€œCathcart explained.The group also holds a monthly book sale at the library on the second Saturday of each month from 9:00 a.m. to noon.“It takes a lot of work,” said Cathcart, “We have a storage area in the basement of the library so we take the books in and out of there, and sort them weekly. And all our directors help with that. â€œâ€œThen we turn around and give some money that we raise back to the library,” Cathcart continued. Through 2014-2015, the group has pledged $69,500.The group publishes a quarterly newsletter called The Library Insider. The newsletter features some information about the group’s activities, as well as articles about the books that are being read by various members of the community, like Mayor Bill Bogaard, for example.Certainly there are more than enough programs which put to good use the money raised by the Friends.“There is $25,000 to the Summer Reading Program,” Cathcart detailed, “and $10,000 to the teen program, and then this year we’re giving money towards creating a new presentation space on the 4th level of the library.“We’re giving $6,000 for supplies, and then we’re giving $4,500 to the ‘One City One Story’ program, $1,000 to ‘ArtNight’ that happens once a year, and $5,000 to the Adult Speakers Program.”“The Library is also celebrating “130 Years of Reading” and we are giving $3,000 for that, Cathcart added. “And we will also give $5,000 to support the Peek-a-book program located at every library site.”Finally, the group has recently partnered with the Pasadena Public Library Foundation.“Our mission is basically programming and services, while the library foundation’s mission is to help with the infrastructure and technology needs of the Central Library,” Cathcart explained. Both groups will be working together on the upcoming Library Day event.Pasadena Public Library. (626) 744-4066. www.ci.pasadena.ca.us/Friends of the Pasadena Public Library: www.friendsppl.org Community Newscenter_img HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeauty Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena 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. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday 11 recommended0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS First Heatwave Expected Next Week last_img

HELOC Equity Withdrawals Hit a Low

first_imgHome / Daily Dose / HELOC Equity Withdrawals Hit a Low  Print This Post HELOC Equity Withdrawals Hit a Low Homeowner equity grew 7 percent by more than $380 billion in the first quarter of 2018, according to the latest Mortgage Monitor report released by Black Knight on Monday. In fact, this is the largest single quarter growth since Black Knight began tracking this data in 2005. Yet, homeowners with mortgages withdrew only $63 billion in equity via cash-outs or home equity lines of credit (HELOCs) representing a 7 percent decline from the last quarter of 2017, Black Knight said.Despite a 16 percent increase in equity over a one-year period, just 1.17 percent of the total equity available was withdrawn over the quarter, representing the lowest share in four years. “Collectively, American homeowners now have $5.8 trillion in equity available, yet only 1.17 percent of that total was withdrawn in the first quarter of the year,” said Ben Graboske, EVP of Black Knight’s Data and Analytics division. “Somewhat surprisingly, even though rising first-lien interest rates normally produce an increase in HELOC lending, the volume of equity withdrawn via lines of credit dropped to a two-year low as well.”According to the report, cash-out made up 70 percent of all refinance transactions in Q1, with 45 percent of homeowners who took a cash-out refi having to increase their rate to do so. Cash-out refi withdrawals were also up 5 percent from last year compared to HELOC withdrawals, which slipped 1 percent during the period. The report concluded that these numbers pointed out to the fact that as short-term rates rose, traditionally good potential HELOC borrowers were turning to cash-out refis due to their competitive rate advantage.So what’s driving the decline of HELOCs? “One driving factor in the decline of HELOC equity utilization is likely the increasing spread between first-lien mortgage interest rates–which are tied most closely to 10-year Treasury yields–and those of HELOCs–which are more closely tied to the federal funds rate,” Graboske said. “As of late last year, the difference between a HELOC rate and a first-lien rate had widened to 1.5 percent, the widest spread we’ve seen since we began comparing the two rates 10 years ago. The distance between the two has closed somewhat in Q2 as 30-year mortgage rates have been on the rise, which does suggest the market remains ripe for relatively low-risk HELOC lending expansion.”The Federal Reserve raised its target interest rate again at its June meeting, and according to Graboske that would also increase the standard “interest rate on HELOCs in Q3 2018.” Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Week Ahead: American Consumers and Debt Next: Fannie Weighs in on Homebuyer Sentiments Black Knight Equity HELOC Interest loans mortgage 2018-07-09 Radhika Ojha Sign up for DS News Daily Share 1Save Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Black Knight Equity HELOC Interest loans mortgage Demand Propels Home Prices Upward 2 days ago Related Articles in Daily Dose, Featured, Investment, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago July 9, 2018 2,781 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Subscribelast_img