Arizona car loans – Arizona Heli http://arizonaheli.com/ Fri, 17 Sep 2021 21:03:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://arizonaheli.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Arizona car loans – Arizona Heli http://arizonaheli.com/ 32 32 Electric bikes take center stage at German motor show https://arizonaheli.com/electric-bikes-take-center-stage-at-german-motor-show/ https://arizonaheli.com/electric-bikes-take-center-stage-at-german-motor-show/#respond Fri, 17 Sep 2021 21:03:35 +0000 https://arizonaheli.com/electric-bikes-take-center-stage-at-german-motor-show/ Copyright 2021 NPR. To learn more, visit https://www.npr.org. LEILA FADEL, ANIMATOR: The Biden administration has a remarkable opportunity to reshape homeownership in America. In the coming days, administration officials are expected to announce the appointment of a key regulator who will have a lot of power to change the US $ 11 trillion mortgage market. […]]]>
Copyright 2021 NPR. To learn more, visit https://www.npr.org.

LEILA FADEL, ANIMATOR:

The Biden administration has a remarkable opportunity to reshape homeownership in America. In the coming days, administration officials are expected to announce the appointment of a key regulator who will have a lot of power to change the US $ 11 trillion mortgage market. For a chat, we’re now joined by Chris Arnold from NPR.

Hi Chris.

CHRIS ARNOLD, BYLINE: Hi, Leila.

FADEL: So Chris, key housing regulator – tell us about this powerful position.

ARNOLD: Well, the administration is about to announce its candidate for the post of director of the Federal Housing Finance Agency. Now I know a lot of people say, what is this guy? I never heard that. But he controls Fannie Mae and Freddie Mac, and they’re at the heart of America’s massive, multi-billion dollar mortgage market. They have a lot of control over who can qualify for a mortgage and at what price. And property, we know, is the most powerful way for Americans to build wealth in their lifetimes. And because of the rules that were put in place after the Great Recession, the head of this agency has almost one-sided control to change policies or launch all kinds of new initiatives.

FADEL: OK, so who do we intend to be the candidate?

ARNOLD: Well, you never know with these things. But sources tell me it’s between Acting Director Sandra Thompson – she once worked at this agency, and before that she was a banking regulator working in risk management and consumer protection, so many years in government. The other is Mike Calhoun. He’s the longtime head of the nonprofit Center for Responsible Lending – so also decades of experience, but more of a watchdog pushing for change from the outside. Neither had a comment. But whoever it is, they will have many powerful levers they can pull to reshape homeownership.

FADEL: Okay. You say reshaping homeownership. Give us some examples of what could be done here that would make a big difference.

ARNOLD: Honestly, there are so many things, but OK. Take the 30 year mortgage that everyone is familiar with. It is quite outdated. You know, people are moving more than before. They don’t build up a lot of equity in five or ten years with that mortgage. And there are ways to make 15 and 20 year mortgages much more affordable that mean a lot more to people. You could do things like tackle climate change – right? – I mean, better mortgage rates if you have solar panels on the roof and stuff like that. They could help the lowest income homeowners in America – you know, the people in the mobile home parks – get loans at a lower cost. And, of course, another really big issue that people – people are talking about lately is racial inequalities in housing.

FADEL: Yes. I mean, a study after the next study confirms the racial disparity between who gets a mortgage and who doesn’t. So what changes might we see there?

ARNOLD: I mean, the gap between black and white homeownership rates – it’s, like, the biggest since the 1960s, so it’s really bad. Andre Perry with the Brookings Institution – he’s studying that. He says there are a lot of things Fannie and Freddie could do without having to go through Congress.

ANDRE PERRY: I’m thrilled because if Biden is serious about closing these racial wealth gaps, improving homeownership rates, he will find a leader who will make the necessary changes.

ARNOLD: One thing Fannie Mae just did was they go and see, you know, if people pay their rent to their landlord on time? It’s, like, a new metric. Lots of other things could be done, however, too, Leila – money to help with the down payments. And those two things would help a lot of people, but especially black and Latino homebuyers, because they tend to have less family wealth.

FADEL: So whoever is chosen will have to face confirmation from the Senate, a Democratic candidate. So what are the Conservatives saying?

ARNOLD: I talked about it with – about this with Ed Pinto with the conservative American Enterprise Institute. He worries, looks; you know, what has been tried before has often not worked.

ED PINTO: When the federal government tries to make housing more affordable, it does so by making it easier to get loans. It just drives up the prices.

ARNOLD: But Fannie and Freddie could help build more houses – you know, loans to home builders and help them buy land. So there are all kinds of things that can happen. But a lot depends on what the new director wants to focus on and do.

FADEL: Chris Arnold of NPR.

Thank you.

ARNOLD: Thank you, Leïla.

(SOUNDBITE OF “YOYO THEME” FROM THE CINEMATIC ORCHESTRA) Transcription provided by NPR, Copyright NPR.


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After Legalization, Arizona Slowly Starts Deregistering Marijuana Offenses https://arizonaheli.com/after-legalization-arizona-slowly-starts-deregistering-marijuana-offenses/ https://arizonaheli.com/after-legalization-arizona-slowly-starts-deregistering-marijuana-offenses/#respond Fri, 17 Sep 2021 15:49:55 +0000 https://arizonaheli.com/after-legalization-arizona-slowly-starts-deregistering-marijuana-offenses/ More than 10 years after Joel was first arrested for marijuana, he once again told the story of his high school transgression to a lawyer. “I was with my brother and cousins,” he told Sen Umeda, one of the many lawyers volunteering at a legal clinic in the Ward 6 office in Tucson City. “We […]]]>

More than 10 years after Joel was first arrested for marijuana, he once again told the story of his high school transgression to a lawyer.

“I was with my brother and cousins,” he told Sen Umeda, one of the many lawyers volunteering at a legal clinic in the Ward 6 office in Tucson City. “We were going to the nightclub, which was 18 and over at the time. I just remember we were smoking in my car, and a cop rode on a bicycle, knocked on my window, and we got off. says, “Oh damn. There’s like a cop on a bike here. It was my first time getting arrested for weed. ”

After about 20 minutes, Joel was about to erase that charge from his criminal record – erasing it through a process called deregistration made possible by voters in Arizona last year when they passed Proposition 207. .

The initiative legalized the recreational use of marijuana by adults 21 and older.

And it has allowed those previously arrested, charged or convicted of minor marijuana-related offenses to erase those records.

We do not use Joel’s last name for his privacy.

But he made the trip from Phoenix to Tucson for the clinic hosted by the Arizona chapter of NORML, the National Organization for Marijuana Law Reform.

Julie Gunnigle, director of policy at Arizona NORML and former candidate for Maricopa County attorney, estimated that about 250,000 to 500,000 people in the state are eligible for de-listing. This includes juvenile records and arrests, and offenses that have been charged as higher class crimes.

She said if someone gives an exact number, they are lying.

Sometimes the clinics are very popular, Gunnigle said, like Show Low’s earlier this summer. But other times only a few people show up. She argued that these slow clinics demonstrate that prosecution agencies should be more proactive in finding cases to be struck off.

“It illustrated the folly of making deregistration a process of membership. It should have been universal and automatic,” she said. “This should be the job that our 15 county prosecutors and our [attorney general] manage entirely on their own.

Sixty-nine deregistration requests had been filed in Pima County, according to the county attorney’s office on Tuesday.

The office said 42 had received partial write-offs, such as clearing the marijuana possession charge, but not a paraphernalia charge. And a petition was denied, but the prosecutor’s office is asking for reconsideration.

Gunnigle said some people find it hard to believe the delisting is real or that they have gotten used to life with their charges on their record.

But others want their case cleaned up, she said. They want to regain access to public benefits, student loans, housing, the right to vote and more.

“We are still not reaching the most marginalized in our society and those most criminalized by the war on cannabis,” she said.

In Joel’s case, he said he was stressed by the crime and the fines that became a criminal restitution order. From now on, when it obtains its tax return or if it sells its vehicle, the State applies a reduction on its restitution balance.

“If they are written off, it will be a new life for me. It will no longer be on my file,” said Joel.

The American Civil Liberties Union reports that black people in Arizona are three times more likely to be arrested for possession of marijuana than white people in Arizona.

Zsa Zsa Simone-Brown is part of Acre 41, an organization run by black women that tries to educate people about fairness issues in various industries, including marijuana.

“We are what, three times more likely to be arrested for cannabis? However, we have no property in the space, so we are trying to find some fairness in there,” she said.

Proposition 207 has a social equity component, setting aside 26 licenses for “individuals from communities disproportionately affected by the enforcement of previous marijuana laws.”

At Simone-Brown, it’s black and brown communities that are disproportionately arrested for marijuana-related offenses. But the Arizona Department of Health has four broader qualifications for these licenses and three of them must be met to be eligible. They look at household income, whether people live in these communities disproportionately affected by past marijuana laws, whether they have been negatively affected by those laws through a parent’s conviction, and whether they have themselves. even been affected by these laws – such as those eligible for write-offs. .

For those interested in deregistration, Arizona NORML has an online petition portal on its website, and for those curious about Social Equity Licensing, ADHS will accept nominations in December.

The Buzz airs Fridays at 8:30 a.m. and 6 p.m. and Saturdays at 3:30 p.m. on NPR 89.1. You can subscribe to our podcast on iTunes and NPR One. See more of The Buzz.


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These hot toys will cost NJ parents more this Christmas https://arizonaheli.com/these-hot-toys-will-cost-nj-parents-more-this-christmas/ https://arizonaheli.com/these-hot-toys-will-cost-nj-parents-more-this-christmas/#respond Wed, 15 Sep 2021 19:27:44 +0000 https://arizonaheli.com/these-hot-toys-will-cost-nj-parents-more-this-christmas/ Not only is there going to be a big shortage of toys this Christmas shopping season, but now the reality of the steep price hike is going to crush parents as well. I recently wrote about the toy shortage and it’s no joke. Labor issues and shipping issues galore. Just a small example? These shipping […]]]>

Not only is there going to be a big shortage of toys this Christmas shopping season, but now the reality of the steep price hike is going to crush parents as well.

I recently wrote about the toy shortage and it’s no joke. Labor issues and shipping issues galore. Just a small example? These shipping containers that you will see on the docks in Newark, you know, these huge metal containers that come in by freighters, cost $ 3,200 last year. Now they are costing businesses $ 22,000.

So it’s not just that supply is affected and you’ll see empty shelves where many of the most popular items kids want the most should be this Christmas season. Companies like Hasbro and Mattel have also announced that there will be big price hikes ahead for parents.

And if you think this is just a gimmick that companies are floating around to trick parents into freaking out to go out and buy early, think again. The following is a statement from Hasbro Chairman and CEO Brian Goldner.

“We have been successful in establishing price increases that will take effect in the third quarter and offset rising input and freight costs in the business. “

It wasn’t done through a PR firm just to get parents to act. It was actually included in the company’s last quarterly earnings call.

So, with prices set to rise on some of the more popular toys soon, parents might want to jump on their Christmas shopping right now.

The hottest toys of 2021 that could see their prices rise

Not only is there going to be a big shortage of toys this Christmas shopping season, but now the reality of the steep price hike is going to crush parents as well.

The above post reflects the thoughts and observations of New Jersey 101.5 talk show host Jeff Deminski. All opinions expressed are those of Jeff Deminski.

KEEP READING: Here Are 50 Of Your Favorite Chain Stores That No Longer Exist


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Wells Fargo Faces New $ 250 Million Fine From Regulators, Consumers Affairs Reports https://arizonaheli.com/wells-fargo-faces-new-250-million-fine-from-regulators-consumers-affairs-reports/ https://arizonaheli.com/wells-fargo-faces-new-250-million-fine-from-regulators-consumers-affairs-reports/#respond Tue, 14 Sep 2021 16:12:26 +0000 https://arizonaheli.com/wells-fargo-faces-new-250-million-fine-from-regulators-consumers-affairs-reports/ Wells Fargo is back in the spotlight. The Office of the Comptroller of the Currency (OCC) fined the bank $ 250 million, accusing it of engaging in unsafe or unhealthy practices related to its 2018 compliance consent order. “Wells Fargo did not meet the requirements of the OCC’s 2018 action against the bank. This is […]]]>

Wells Fargo is back in the spotlight. The Office of the Comptroller of the Currency (OCC) fined the bank $ 250 million, accusing it of engaging in unsafe or unhealthy practices related to its 2018 compliance consent order.

“Wells Fargo did not meet the requirements of the OCC’s 2018 action against the bank. This is unacceptable, ”said Acting Currency Comptroller Michael J. Hsu.

The regulator has also placed limits on the bank’s future activities until it addresses specific issues in its mortgage management department. In 2018, Wells Fargo agreed to pay a $ 1 billion fine after regulators said it failed to deliver on promised adjustments to customer interest rates on mortgages and auto loans. He was also accused of causing car loan customers to buy unnecessary insurance policies.


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“The OCC will continue to use all the tools at its disposal, including trade restrictions, to ensure that domestic banks deal with issues in a timely manner, treat customers fairly, and operate in a safe and sound manner,” Hsu said. .

Work on your reputation

Wells Fargo has worked since 2016 to restore its reputation with consumers after its employees discovered they were opening credit cards and checking accounts on behalf of customers without their knowledge or consent. An analysis of reviews posted on Consumer Affairs shows that the bank is making progress in this area, but reviews remain mixed.

Lawrence, from Florence, Ariz., Is one of the consumers who recently gave the bank a 5-star rating, praising improvements in the way deposits and transfers are processed.

“I have five accounts and I can see and work with them all, including credit card accounts and personal loans,” Lawrence wrote. “Direct deposit is very easy. And you are protected against fraud. No need to call them anymore because you can chat 24/7 with a real person.

But Liza, from Edgewater, Florida, had a very different experience. She told us she had a merchant account and found customer service to be lacking.

“Every time I try to reach someone I get a customer service agent who can’t get answers and most of the time I never even get a callback,” she wrote in a article. “I am extremely frustrated and disappointed and frankly ready to hire a lawyer.”

More work to do

Regarding the latest OCC action, Wells Fargo CEO Charlie Scharf said the bank is striving to get it right and has recently focused on areas chosen by the OCC.

“OCC’s actions today indicate the work we need to continue to do to address important and long-standing gaps,” he said.

The OCC also issued a cease and desist order against the bank that requires Wells Fargo to “take broad and comprehensive corrective action” to improve the execution, risk management and oversight of the mitigation program. bank losses.


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Wells Fargo faces new $ 250 million fine from regulators https://arizonaheli.com/wells-fargo-faces-new-250-million-fine-from-regulators/ https://arizonaheli.com/wells-fargo-faces-new-250-million-fine-from-regulators/#respond Mon, 13 Sep 2021 16:02:25 +0000 https://arizonaheli.com/wells-fargo-faces-new-250-million-fine-from-regulators/ Photo (c) Pro Art Work – Getty Images Wells Fargo is back in the spotlight. The Office of the Comptroller of the Currency (OCC) fined the bank $ 250 million, accusing it of engaging in unsafe or unhealthy practices related to its 2018 compliance consent order. “Wells Fargo did not meet the requirements of the […]]]>

Photo (c) Pro Art Work – Getty Images

Wells Fargo is back in the spotlight. The Office of the Comptroller of the Currency (OCC) fined the bank $ 250 million, accusing it of engaging in unsafe or unhealthy practices related to its 2018 compliance consent order.

“Wells Fargo did not meet the requirements of the 2018 OCC action against the bank. This is unacceptable, ”said Acting Currency Comptroller Michael J. Hsu.

The regulator has also placed limits on the bank’s future activities until it addresses specific issues in its mortgage management department. In 2018, Wells Fargo agreed to pay a $ 1 billion fine after regulators said it failed to deliver on promised adjustments to customer interest rates on mortgages and auto loans. He was also accused of causing car loan customers to buy unnecessary insurance policies.

“The OCC will continue to use all the tools at its disposal, including trade restrictions, to ensure that domestic banks deal with issues in a timely manner, treat customers fairly and operate in a safe and healthy manner,” Hsu said. .

Work on your reputation

Wells Fargo has worked since 2016 to restore its reputation with consumers after its employees discovered credit cards and checking accounts on behalf of customers without their knowledge or consent. An analysis of reviews posted on ConsumerAffairs shows that the bank is making progress in this area, but reviews remain mixed.

Lawrence, from Florence, Arizona, is one of the consumers who recently gave the bank a 5-star rating, praising improvements in the way deposits and transfers are processed.

“I have five accounts and I can see and work with them all, including credit card accounts and personal loans,” Lawrence wrote. “Direct deposit is very easy. And you are protected against fraud. No need to call them anymore because you can chat 24/7 with a real person.

But Liza, from Edgewater, Florida, had a very different experience. She told us that she has a merchant account and that she saw a lack of customer service.

“Every time I try to reach someone I get a customer service agent who can’t get answers and most of the time I never even get a callback,” she wrote in a article. “I am extremely frustrated and disappointed and frankly ready to hire a lawyer.”

More work to do

Regarding the latest OCC action, Wells Fargo CEO Charlie Scharf said the bank is striving to get it right and has recently focused on areas chosen by the OCC.

“The actions of the OCC today indicate the work we must continue to do to address the important and long-standing gaps,” he said.

The OCC also issued a cease and desist order against the bank that requires Wells Fargo to “take broad and comprehensive corrective action” to improve the execution, risk management and oversight of the mitigation program. bank losses.


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Joint venture sells assets in Arizona for $ 313 million https://arizonaheli.com/joint-venture-sells-assets-in-arizona-for-313-million/ https://arizonaheli.com/joint-venture-sells-assets-in-arizona-for-313-million/#respond Thu, 09 Sep 2021 12:50:43 +0000 https://arizonaheli.com/joint-venture-sells-assets-in-arizona-for-313-million/ Ascent to Kierland. Image courtesy of CBRE A joint venture between Bascom Arizona Ventures and Pacific Life Insurance Co. has sold two luxury multi-family properties: Ascend in Kierland and Elite North Scottsdale. Located in the North Scottsdale, Arizona market, the properties total 724 units and were purchased by The Ezralow Co. for $ 312.5 million. […]]]>
Ascent to Kierland. Image courtesy of CBRE

A joint venture between Bascom Arizona Ventures and Pacific Life Insurance Co. has sold two luxury multi-family properties: Ascend in Kierland and Elite North Scottsdale. Located in the North Scottsdale, Arizona market, the properties total 724 units and were purchased by The Ezralow Co. for $ 312.5 million.

Tyler Anderson of CBRE, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller.

Bryan Ezralow, CEO of The Ezralow Co., said in a prepared statement that the company has focused on multi-family properties in the Phoenix market for many years. He said the two properties gave the company the opportunity to gain immediate size in one of the metro’s wealthiest residential areas.

Ezralow said the acquisition is part of the company’s strategy to acquire 2,000 to 3,000 units in the Phoenix metro over the next 12 months. The company has approximately 30,000 units in the Bay Area, Los Angeles and Seattle, as well as more than 2 million square feet of retail, office, storage and industrial assets. Ezralow also has over 1 million square feet of properties under development.

Renamed properties

The joint venture partners bought the properties, then known as The Legend at Kierland and The Tradition at Kierland, in a portfolio transaction in October 2017 from TIAA for $ 148 million. The Legend of Kierland with 360 units, renamed Elite North Scottsdale, sold for $ 73.4 million in 2017, and The Tradition in Kierland with 364 units, renamed Ascend at Kierland, sold for $ 74.6 million in 2017, according to data from Yardi Matrix.

Both properties were previously sold in June 2006 by European Investors as part of a larger portfolio deal totaling $ 408.4 million that included four additional multi-family assets, Yardi Matrix reported.

In November 2020, the two properties were the subject of two loans issued by AXA Equitable Life Insurance Co. which were due to mature in November 2022. The loan for Ascend in Kierland was $ 57.5 million and the loan for Elite North Scottsdale was $ 56.6 million. , Yardi Matrix reported.

Detailed assets

Elite North Scottsdale, completed in 1996 and located at 6735 East Greenway Parkway on over 17 acres, was 95 percent occupied at the time of the sale. The property consists of one, two and three bedroom units ranging in size from 803 square feet to 1,397 square feet. Rents range from $ 1,660 to $ 2,595 and an average of $ 1,930.

Ascend in Kierland, completed in 1998 and located at 6633 East Greenway Parkway on over 18 acres, was 96.4 percent occupied at the time of purchase. It has one, two and three bedroom units ranging in size from 800 square feet to 1,411 square feet. Rents range from $ 1,769 to $ 2,680 and an average of $ 1,947, according to Yardi Matrix.

Elite North Scottsdale. Image courtesy of CBRE

The properties are surrounded on three sides by the Westin Kierland Resort Golf Course. The interiors of the units feature luxurious finishes including quartz countertops, new cabinetry, kitchen backsplashes, undermount sinks, vinyl floors, ceiling fans, upgraded lighting, and plumbing fixtures. The living room and dining room have two-tone paint and new blinds and moldings.

Gunter said in prepared remarks that vendors have invested significant capital in uplifting communities with new and refreshed amenities and renovating about 75 percent of unit interiors. He added that the location on the golf course combined with the luxury amenities of the properties drives continued and strong demand.

Both properties have recently received state-of-the-art fitness centers with separate spin and yoga rooms, renovated pavilions, and heated pools. New amenities for Ascend in Kierland include a putting green, dog park and electric car charging station, while Elite in North Scottsdale received a new swimming pool, dog park and parcel locker system.

Mark Brotherton, senior portfolio manager for Bascom Arizona Ventures, said in a prepared statement that the joint venture is proud of the level of detail engaged in the repositioning of the two North Scottsdale assets. He said Bascom Arizona Ventures, a subsidiary of The Bascom Group, will continue to seek new opportunities in Phoenix and take advantage of the region’s growing multi-family fundamentals.

A CBRE study said Phoenix led the growth in rents for all U.S. subways in the second quarter of 2021, growing 15.3% year-over-year. Rent growth increased in the North Scottsdale submarket, exceeding the metro average with an increase of 16.9%.


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Put these area pumpkin patches on your list for the fall season https://arizonaheli.com/put-these-area-pumpkin-patches-on-your-list-for-the-fall-season/ https://arizonaheli.com/put-these-area-pumpkin-patches-on-your-list-for-the-fall-season/#respond Tue, 07 Sep 2021 19:21:22 +0000 https://arizonaheli.com/put-these-area-pumpkin-patches-on-your-list-for-the-fall-season/ Patches will open soon! Fall is just around the corner and if you want to take advantage of all the season has to offer, you might want to start making plans. The last months of the year always go by very quickly. With school, work, the football season, dating and more, you are complete! So […]]]>

Patches will open soon!

Fall is just around the corner and if you want to take advantage of all the season has to offer, you might want to start making plans. The last months of the year always go by very quickly. With school, work, the football season, dating and more, you are complete!

So if you want to visit local pumpkin fields and corn mazes, you will need to get them on the calendar. Don’t be like me and wait until the weekend arrives before you decide to go. It never works well for me.

That being said, we’ve put together a list of pumpkin patches in the area.

I have fond memories of my visit to the pumpkin patch as a child. My brother and I would spend hours scouring the field for the perfect pumpkins. Of course, we always wanted the one that was taller than the two of us put together, but mom always made us pick one that we could take.

Clever.

Otherwise, we would have dragged the tailgate of the van up to the house. Sometimes we carved our pumpkins and sometimes we painted them. One year we received stickers for our pumpkins and they were found all over the house. I bet that’s why we only did it once. Ah, memories.

Ready to do more for 2021?

Here’s what’s available in our area … And here’s what you can find in northern Colorado.

Ellis’ Harvest House

SonHarvest Seasons

The pumpkin at the first Christian church

KEEP WATCHING: Find Out What 50 Company Logos Looked Like Then and Today

Here are 50 of your favorite chain stores that no longer exist.


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How impact investors alleviate poverty by financing affordable car loans https://arizonaheli.com/how-impact-investors-alleviate-poverty-by-financing-affordable-car-loans/ https://arizonaheli.com/how-impact-investors-alleviate-poverty-by-financing-affordable-car-loans/#respond Wed, 01 Sep 2021 11:00:00 +0000 https://arizonaheli.com/how-impact-investors-alleviate-poverty-by-financing-affordable-car-loans/ On the left, Michelle Corson, Founder and CEO of On The Road Companies Sutton Pictures / John B. Sutton, Jr. Michelle Corson, a financial professional, wanted to use her skills for the good of society. “I entered my middle years and decided that I wanted to use the skills and knowledge I had developed to […]]]>

Michelle Corson, a financial professional, wanted to use her skills for the good of society.

“I entered my middle years and decided that I wanted to use the skills and knowledge I had developed to good ends,” she exclaimed. “I wanted to use finance in a positive way and champion the idea of ​​impact investing in Texas to solve some social issues.”

When she looked around she saw that people weren’t able to get better jobs, access good food, or take their kids to the doctor, all of that. because they lacked the means of transport to get them there quickly. Corson has focused on helping American workers get affordable loans to buy newer, fuel-efficient, low-mileage cars. Newer cars are less likely to break down and if they do, they are under warranty.

Transport is crucial to escape poverty, writes Mikayla Bouchard in The New York Times. For the vast majority of Americans, having a car is essential to economic equality. Most of the country does not have reliable public transportation, making fast travel difficult for some American workers.

In 2011, when Corson founded Champion Impact Capital, impact investing was an emerging field. Champion Impact Capital is a consulting firm that helps governments, investors and entrepreneurs find financing strategies that solve social problems. “It took a long time for people in our community [Texas] to embrace the idea that investing doesn’t have to be maximum profit or zero profit, “Corson said.” You can do good and make a profit at the same time.

If Corson wanted to solve the transportation problem of low-income families, she had to build an ecosystem. Founded in 2013, On the Road Lending offers vehicle selection assistance and long-term financial mentoring. It helps people improve their credit. On the Road Sustainability Funds, a sister company, offers affordable loans for the purchase of reliable, fuel-efficient cars. On the Road Lending also helps people find affordable, under-guaranteed, and fuel-efficient cars.

On the Road Sustainability Funds are Community Development Financial Institutions (CDFIs), certified by the United States Department of the Treasury. They provide financial services in low income communities and to people who do not have access to finance. Almost all of the more than 1,200 CDFIs offer loans for affordable housing and small business, and most are not-for-profit organizations. Only a few offer consumer loans. On the Road Sustainability Funds is a for-profit company that provides below-market auto loans for newer, fuel-efficient vehicles for working families. For institutions and individuals keen to have both a social impact and a financial return on their investment, CDFIs are a good investment opportunity.

Over time, On the Road Companies, the umbrella entity, began to expand geographically. On the Road Companies is a family of for-profit, not-for-profit social enterprises. He is now in Texas, Mississippi, Alabama and Georgia. It will expand over the next 30 days to Arizona, Illinois and Indiana. Early next year, he’ll be going to Ohio, Kentucky, and Tennessee.

On the Road Companies has also broadened its strategy to include other vertical integrations. A few years ago, it launched two additional entities: On the Road Garage and On the Road Motors.

On the Road Garage does collision repairs and has a workforce training program. “We are training the workforce of tomorrow by training vulnerable groups so that they have the skills to fix smart car technology,” Corson said. It offers paid apprenticeships that train people in crash repair, advanced driver assistance systems, and other smart car technologies. These are well-paying and sought-after jobs. Skilled workers in bodily technology can earn $ 150,000 per year without a four-year college degree. “We have two facilities in Dallas and we are preparing to issue a bond issue to expand to approximately ten more… We will be doing a $ 109 million sustainability bond that BNY Mellon is issuing.”

On the Road Motors is a Texas car dealership. “We are not a retail franchise like a Toyota dealership,” Corson said. It buys cars for On the Road Lending customers directly at auction or off-lease, providing a cheaper option for working families.

“Our customers have transportation issues,” Corson said. “We don’t ask them to come to our office and meet with us. We do all of our work with people through technology, including the telephone,” Corson said. People can even buy a car from the comfort and safety of their own homes.

“The hardest part about our lending side is that predatory lenders have deeper pockets for advertising than we do,” Corson said. “And they’re all over low income communities.” As mission-based lenders, CDFIs do not have the resources that payday lending, securities lending, or check-cashing companies need to be visible in low-income communities. While community lenders and most banks are familiar with CDFIs, awareness among borrowers and investors is low.

Interestingly, when the media reported that CDFI was helping distribute Payroll Protection Program (PPP) loans to small businesses to alleviate some of the economic shock of Covid-19, the awareness and credibility of this option of funding among consumers increased. Media coverage is an important way for CDFIs to strengthen their brand awareness and credibility as a reliable and affordable funding option.

On the Road Lending also received a grant from the Toyota Finance Service to develop a blockchain platform that will reduce the cost of home loans. “This will allow us to integrate and subscribe applications much more efficiently,” Corson said. “Using the platform will free up money for advertising. “

“We’ve had financial problems over the years,” Corson said. “One of our nonprofits had a really tough year last year during the pandemic.” Transportation was not seen as a basic need, so it was difficult to raise philanthropic funds. The reality is that most customers of On the Road companies are essential workers and front-line workers. They have to drive to get to their jobs.

The ultimate goal is for CDFI revenues to replace the need for grants. “In reality, we probably have three or four years to go before we can reach the volume level necessary to be self-sufficient,” Corson said.

How will you do good while making a profit?


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Reviews | Give people what they clearly need: more national parks https://arizonaheli.com/reviews-give-people-what-they-clearly-need-more-national-parks/ https://arizonaheli.com/reviews-give-people-what-they-clearly-need-more-national-parks/#respond Sat, 28 Aug 2021 15:00:06 +0000 https://arizonaheli.com/reviews-give-people-what-they-clearly-need-more-national-parks/ Rationing of access can only push visitors elsewhere. Arches National Park in Utah has closed its doors completely when things get particularly busy, stoking the frustration of tourists who arrive too late in the day to enter. Megan Lawson of Headwaters Economics points out that an excluded family from Arches will naturally scramble to find […]]]>

Rationing of access can only push visitors elsewhere. Arches National Park in Utah has closed its doors completely when things get particularly busy, stoking the frustration of tourists who arrive too late in the day to enter. Megan Lawson of Headwaters Economics points out that an excluded family from Arches will naturally scramble to find an alternative nearby. “They are going to use Google and find another destination,” she said, “so we have to anticipate these pressures on the surrounding public lands.”

The easiest way to ensure that the reserves that absorb these visitors are prepared for the influx is to identify the National Monuments closest to the Parks Service’s busiest sites and reclassify them, thereby offering travelers wanting to visit a national park another attractive option when they realize their initial destination is too busy.

How many of the six million annual visitors to the Grand Canyon could be enticed to visit the equally majestic Canyon de Chelly in Arizona if it were a national park rather than a national monument? How many of the hundreds of thousands of impatient hikers who make their way to Sion each month could instead try their luck on Cedar Breaks, especially since its crimson-striped cliffs and bristlecone forests are only an hour’s drive away in the Utah desert?

Of course, many Westerners will shudder at the idea of ​​gems under the radar like the craters of the moon and the Valles Caldera becoming the next Bryce Canyon or Badlands. Mr Jenkins, the superintendent of Grand Teton, says the Park Service has constant internal debates about the delicate task of reducing overcrowding at some sites without overwhelming others.

“Is it better,” he asked, “to have more people in hardened places, where we create and manage the capacity to be able to house them and accept the consequences of doing so? “

In some ways, this is a moot question, as many national parks have already reached their limits, leaving less developed public lands vulnerable. Because Grand Teton cannot accommodate everyone who wishes to spend the night there, rangers in the surrounding Bridger-Teton National Forest have made an effort to accommodate campers who wish to pitch tents there despite the area not having not a comparable amount of tourist infrastructure. .

National monuments therefore represent an interesting alternative between the two: already “hardened” sites that many outdoor enthusiasts have never heard of and which can still offer an experience just as memorable as a branded park. Neither New River Gorge in West Virginia nor White Sands in New Mexico received additional funding when they were redesignated as national parks, but officials at both sites say they had no trouble finding it. manage the tens of thousands of new visitors they saw this summer. .


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Tom Hanks sells 4 vehicles from his collection https://arizonaheli.com/tom-hanks-sells-4-vehicles-from-his-collection/ https://arizonaheli.com/tom-hanks-sells-4-vehicles-from-his-collection/#respond Fri, 20 Aug 2021 07:00:08 +0000 https://arizonaheli.com/tom-hanks-sells-4-vehicles-from-his-collection/ CARMEL, Calif .– In an acting career spanning four decades and dozens of roles, Tom Hanks never played the role of a used car salesman. But last week he had a convincing turn when he sold four vehicles from his private collection at a Bonhams classic car auction. The cars Mr. Hanks put on the […]]]>

CARMEL, Calif .– In an acting career spanning four decades and dozens of roles, Tom Hanks never played the role of a used car salesman. But last week he had a convincing turn when he sold four vehicles from his private collection at a Bonhams classic car auction.

The cars Mr. Hanks put on the pavement and kept at his ranch in Ketchum, Idaho, cost more than half a million dollars, at least twice as much as expected.

The centerpiece was a unique 34ft Airstream travel trailer from the 1992 model year, purchased new at the time before Airstreams became very popular in all shapes and sizes. The selling price was $ 235,000 including purchase premiums, especially since the Airstream was not lavishly outfitted like a new one of this size.

“I got it back when movies moved slower,” Mr Hanks said in a pre-auction interview as he got it ready for the auctioneer.

“Sleepless in Seattle” was filming at the time. “I had spent too much time in regular caravans with lousy decor and horribly uncomfortable furniture, so I decided to buy a brand new Airstream – just an empty shell with an interior made at my own request,” he said. Mr Hanks said. He had kitchen and bathroom equipment installed, but he swapped furniture whenever needed for places to sit, eat, rehearse, and continue with other actors.

Mr. Hanks told a story of the filming of “Apollo 13”, when he, Ed Harris, Bill Paxton and Kevin Bacon, dressed as astronauts, drove to visit a remarkable tomb. Buster Keaton, he said, did not respond.

The Airstream traveled from Seattle to Beaufort, SC (for “Forrest Gump”), with stops in Philadelphia (yes, “Philadelphia”) and New York (“Sully”) – and numerous hikes in the Los area. Angeles.

Bonhams’ marketing material provided the truth: “It comes complete with all of its accessories and furniture, including dishes, glasses, several espresso machines, some kitchen equipment, and the comfy teak chairs and table pictured. . A generator, propane tanks and more were included. To increase its sentimental value, Mr. Hanks autographed one of the air conditioners – a presumably rare collector’s item.

“You didn’t live well until you survived a mind-blowing thunderstorm in an Airstream while in the Carolinas or a similar location,” Mr. Hanks said. “But, more than anything, an Airstream is beautiful and comfortable, which is why everyone who’s been to mine has left wanting one.”

It’s unclear how much a product of the same size, year, or even level of equipment might have sold in regular channels. When asked this question, an auction manager shrugged and said, “Maybe half? “

For the benefit of the Airstream buyer, Mr. Hanks also unloaded a rugged 2011 Ford F-450 Super Duty double cab pickup in a Lariat trim package. Kelley Blue Book says a ten-year-old model like this should probably sell for under $ 40,000. The buyer of Mr. Hanks’ towing package paid over $ 84,000 despite his rather ordinary equipment.

Mr Hanks, who said he was one of the early adopters of electric vehicles with enthusiasm, sold his original 2015 Tesla Model S, in a high-performance configuration known as the P85, for just over $ 67,000. . Kelley sets her regular market value at $ 41,700. Mr. Hanks couldn’t quite explain why he was painted in British Racing Green like an English-made gasoline-powered Jaguar.

Perhaps the most nostalgic sale of the actor’s collection was his Toyota FJ40 Land Cruiser, which is over 40 years old but has been completely rebuilt by a former movie actor who now runs Icon 4×4, which manufactures utility vehicles. in the San Fernando Valley in Los Angeles. The FJ40 was once a rather forgotten classic that only a handful of Toyota collectors cherished. Today, Toyota’s rarest classic cars, along with a number of other Japanese-built cars, have become auction favorites.

Mr. Hanks’ 1980 hardtop sold for $ 122,000. Hagerty Auto Insurance said its value guide would list a level “1 Concours” comparable to $ 72,000 – a huge difference. Just an average, if it’s one of the handful of stock versions still in existence, would sell for better than $ 20,000. New, at the time, it could have cost a quarter of that.

“I will miss it,” Mr. Hanks said. “But maybe I have other ideas ahead.”


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