WTF is with this?

City of Mesa Consolidated Plan Meeting

17 views

Green Day - Dreaming (Official Video >> This isn’t a dream, or a drill our cover of Blondie's Dreaming is out everywhere now

DISTRESS AHEAD > Oatkree’s Marks Says Distress Is Coming as Fed Withdraws Support

Let's go more into "junk territory" . . . NO LIMIT?????????????
Defaults and bankruptcies are just starting. The greater the dis-location the greater the buying

May.18 -- Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discusses the Federal Reserve’s great power to respond to the coronavirus pandemic, and the “substantial opportunity” his firm sees coming in distressed credit. He spoke exclusively with Bloomberg's Erik Schatzker from Los Angeles on “Bloomberg Front Row.”

43,661 views

•May 18, 2020

Governor Ducey Announces $300,000 For Arizonans In Need

News Release

May 20, 2020

PHOENIX — Governor Doug Ducey today announced $300,000 in grant funding to organizations providing Arizonans in need with rental assistance, telehealth and transportation to health services. The funding recipients, St. Vincent de Paul and Open Hearts, will use the funding to help vulnerable populations avoid eviction and access services needed to preserve health. These dollars come from the Crisis Contingency and Safety Net Fund, which was established by Arizona’s bipartisan state budget agreement.

“Arizona continues to support hardworking Arizonans and at-risk families,” said Governor Ducey. “Organizations across the state have stepped up to help Arizonans in need to ensure they have access to health services, can remain in their homes and much more. These dollars will support those organizations that have made helping fellow Arizonans their top priority. My thanks to St. Vincent de Paul and Open Hearts for all you do to support our communities, especially during COVID-19.” 

St. Vincent de Paul was awarded $250,000 and will use the funds to continue to help at-risk Arizonans avoid eviction through its Rental Assistance Program. The Rental Assistance Program provides emergency funding to prevent homelessness and helps those in need regain self-sufficiency. This year alone, St. Vincent de Paul has supported more than 200 families with rent assistance.  

“For almost 200 years, across the world, St. Vincent de Paul has been focused on supporting those financially struggling, trying to prevent homelessness in our community. This generous funding from the Governor’s office will help us continue this work and help even more families impacted by the COVID-19 crisis,” said Jessica Berg, St. Vincent de Paul Chief Program Officer. “Last month, 95% of our requests for assistance with rent and utilities were due to COVID-related financial emergencies. The need is tremendous, and we know it will grow over the next few months. Our partnership with the state will not only help preserve families’ dignity and stability, it will also lessen society’s economic burden by preventing homelessness and further emergencies. The Society of St. Vincent de Paul is often called ‘The Society of We’re All in this Together.’ This partnership is such an important example of that. Poverty and homelessness are challenges that we all need to come together to address — public, private, and faith-based partnerships are essential and we’re grateful to be a part of the solution.”

Open Hearts was awarded $50,000 and will use the funding to improve access to technology and remote resources for at-risk families. This will help families in need continue to connect with telehealth services and transportation to behavioral and medical health services.

“Open Hearts is grateful for the funds provided,” said Arjelia “Argie” Gomez, Open Hearts President and CEO. “This gift will enable families to access telemedicine and telehealth services for years to come. This pandemic has highlighted the need for this service option and our families are poised to engage.”

• Additionally, Governor Ducey in March announced the Rental Eviction Prevention Assistance Program to help Arizonans struggling to make rent due to COVID-19. 
• He also established the AZ Coronavirus Relief Fund as part of the Arizona Together Initiative to provide financial support to non-profit organizations serving Arizonans most in need statewide. Arizonans can visit ArizonaTogether.org to learn more, donate and find volunteer opportunities.

Weekly COVID Update from Arizona Multihousing Association

Resources and Guidance for Re-Opening Check out AMA's Resource page for guidance on re-opening businesses and amenities including signage, screening forms, sample letters, CDC guidelines, and more.  Re-Opening Resources AZ Governor announces $300,000 for Arizonans in need Governor Doug Ducey today announced $300,000 in grant funding to organizations providing Arizonans in need with rental assistance, telehealth and transportation to health services. News Release NAA Frequently Asked Questions for CARES Act The federal CARES Act established a 120-day moratorium (through July 24, 2020), which prohibits certain property owners from filing non-payment of rent evictions, as well as collecting late fees. Below are the most common questions NAA is receiving from owners about the Act. CARES Act FAQ's Helpful Links CDC Guidelines for Public Pools, Hot Tubs, and Water Playgrounds Confirmed COVID-19 Resident Procedure Who can help? Associate Members Provide Services During COVID-19 DOWNLOAD: Signage Packet Share your AMAzing stories! Have positive stories about AMA members helping out residents during COVID-19? Send your stories to cdesaubin@azmultihousing.org

Member Compass | Calendar | Directory | Career Center | BGF

From Bloomberg: Real Estate's Demise Creates a Graveyard for Fools

The coronavirus has turned property upside down. 

Only the true experts will profit.

By 

John Authers

May 21, 2020, 9:35 PM MST

LINK > https://www.bloomberg.com

Post-Viral Property

Real estate, like education, is one of those dangerous subjects in which everyone thinks they’re an expert. We have all been to school, so we think we know about education, and we all live somewhere, so we think we know about property. As the purchase of our living quarters is the biggest transaction most of us ever make, we tend to have strong views about the market.

First, we have to look at the plunge that has just taken place globally and specifically in the U.S., where listed real estate has had a terrible tumble compared to the market as a whole. For much of the last decade, real estate investment trusts, or REITs, outperformed nicely, thanks to the generous income they pay out from rents compared with the low yields on bonds. That relationship has now broken down, largely because of fears that the second order effect of the lockdowns will see tenants unable to pay rent. Real estate is, ultimately, exposed to the business cycle: (see above) 

Malls have suffered a particularly brutal sell-off, according to Bloomberg’s U.S. REIT indexes, which should surprise nobody. After all, dead shopping malls dot the landscape. Office property is almost at its lowest in a decade, while residential is still relatively robust. The question is what will happen next:

Phoenix Gains The Most New Population In 2019

The U.S. Census Bureau 2019 estimates rank Phoenix on top with gain of 26,317 new residents, bringing its estimated population to 1,680,992.

Please Note: This press release was produced by the City of Phoenix. 

The views expressed here are the author's own.

Press release from the City of Phoenix:

May 21, 2020

Topping the nation in population growth for the fourth consecutive year, Phoenix added more new people than any other city in 2019 compared to 2018 population estimates. The U.S. Census Bureau 2019 estimates rank Phoenix on top with a gain of 26,317 new residents, bringing its estimated population to 1,680,992.

The population growth still pegs Phoenix's as the fifth most-populous U.S. city. Metro area 2019 population estimates pushed the Phoenix-Mesa-Chandler metro past Boston-Cambridge-Newton in the position as the tenth most populous American metro area.

The 2019 numbers from the U.S. Census Bureau show the continuing population trend towards moving west and south. The most important number from the bureau will be the 2020 Decennial Census count that is currently underway.

Challenged by the Covid-19 pandemic social distancing restrictions, an accurate 2020 population count is crucial for a fast-growing city like Phoenix. The population numbers generated by every household responding affect congressional representation, federal funding allocation and even the amount spent by national companies advertising on local media.

New York City and Chicago lost population in the 2019 Census estimates. New York lost over 53,000 people and Chicago nearly 7,500. Los Angeles barely gained 2,000 people and Houston almost added 1,700 new people. San Francisco and Indianapolis both dropped out of the top 15 most-populous U.S. cities.

Migration to cities across the country was less in 2019, with an average of 57 people choosing the city of Phoenix as their new home every day, about half the 92 per day 2018 average.

Phoenix also topped the nation in its ten-year population growth, gaining 234,301 new residents since the 2010 Decennial Census. Houston was second, gaining 224,751. In comparison, the most populous city, New York, gained almost 162,000 people over ten years but has lost population for the last two years. Los Angeles gained over 186,000 over the decade but lost 11,000 in 2019 compared to 2018, more population lost than was gained between 2017 and 2018.

Mesa crossed a major threshold over the past ten years, increasing its population across the 500,000 threshold and gaining 77,920 new residents since 2010. Mesa is the 35th most-populous U.S. city in 2019, passing Atlanta, Miami and Sacramento.

Phoenix's growth is reflective of the Valley. The city of Buckeye was second in the nation for Census percent population growth, up 56.6 percent since 2010. The only other Arizona city in the top 15 is 14th-ranked Goodyear, with a 33.1 percent population growth rate over the last ten years. Every single city among the top 15 fastest growing in the U.S. is in the South or West.

Over a ten-year trend, Detroit, Baltimore and St. Louis had the largest estimated population declines since 2010. Five of the 15 major U.S. cities with population declines were in Alabama, Louisiana and Mississippi. The rest were in the Midwest and Northeast.

Phoenix elected officials and city staff continually stress the importance of an accurate 2020 census count. As the fastest growing American city, Phoenix must continue to build on this success to sustain our economic growth. Completing the 2020 Census form is an easy way Phoenix households can be a big part of a complete population count. Phoenix officials stress that this is vitally important to the city's future. The 2020 Census forms can be safely and securely filled out online. More information is available at iCount2020.info or by calling 1-844-330-2020.

---

This press release was produced by the City of Phoenix. The views expressed here are the author's own.