Monthly Archives: April 2015

Ashford Trust Completes Acquisition Of Hampton Inn & Suites Gainesville

The Company intends to finance the property with approximately $21.2 million of non-recourse mortgage debt. The purchase price represents a trailing 12-month cap rate of 8.8% on net operating income and a trailing 10.3x EBITDA multiple.

Reps. Brady and Crowley Move to Increase Foreign Investment in U.S. Real Estate

Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.

HACA Receives 44 New Vouchers to Help Homeless Veterans Find Permanent Homes

The Housing Authority of the City of Austin (HACA) this week received 44 additional vouchers from the U.S. Department of Housing and Urban Development (HUD) totaling $291,572, bringing the agency’s total HUD-Veterans Affairs Supportive Housing (HUD-VASH) Program allocation to 449.

City of Fort Worth Public hearing set for 2015-2016 Action Plan for use of...

The Community Development Council will conduct a public hearing at its May 13 regular meeting to receive comment on the 2015-2016 Action Plan for the use of federal grant funds from the U.S. Department of Housing and Urban Development.

Federal Home Loan Bank of Dallas Reports First Quarter Operating Results

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $23.1 million for the quarter ended March 31, 2015. In comparison, for the quarter ended December 31, 2014, the Bank reported net income of $10.8 million. The increase in net income from quarter to quarter was attributable primarily to a favorable change in the Bank's gains (losses) on derivatives and hedging activities ($7.1 million), gains associated with the sales of investment securities in the first quarter ($8.5 million) and a decline in operating expenses ($1.5 million), offset by a decline in net interest income ($3.4 million) and an increase in the Bank's Affordable Housing Program assessment ($1.4 million)

Construction Risk Expert Leigh Ann Henderson Joins Partner

Construction risk expert Leigh Ann Henderson has joined Partner Engineering and Science Inc. (Partner), a national due diligence, design and construction risk management firm headquartered in Torrance, Calif., as a Principal and National Client Manager

First Major Renovation in 30 Years Allows Family Gateway to Continue Providing Homeless Families...

Family Gateway is leading the Dallas community to end child homelessness. For the first time in 30 years, the primary facility, Annette G. Strauss Family Gateway Center (Center) dedicated to homeless children and families has received a significant renovation. In the last 3 years, the number of families served by Family Gateway grew 750%. Each night in Dallas, an estimated 5,000 children and their families will not have a safe place to sleep.

Community input matters to TDHCA’s Housing Tax Credit Program

The Housing Tax Credit (“HTC”) Program helps finance the development of attractive, high quality affordable rental housing through partnerships with private developers.

Michael Chrobak Named as Executive Vice President on Texas Economic Development Team

Michael Chrobak has been appointed Executive Vice President of TexasOne, it was announced here today by Tracye McDaniel, President and CEO of the organization.

City of San Antonio Leaders Announce Deal with Frost and Weston Urban that Will...

Mayor Ivy R. Taylor, Dick Evans of Frost and Graham Weston of Weston Urban announced today that the City, Weston Urban and Frost have negotiated a deal that will result in a consolidated office tower for City operations, facilitate the development of 265 new housing units in the Central Business District and forever alter San Antonio's skyline with the construction of the first new office tower downtown since 1989. The new tower will house the headquarters for Frost Bank.

Pete Neubig of Empire Industries Property Management in Houston, Texas, Wins the Rocky Maxwell...

Pete Neubig of Empire Industries Property Management in Houston, Texas, receives the Rocky Maxwell Award from the National Association of Residential Property Managers (NARPM).

Commissioner Miller Announces $750,000 Grant Award to Grow Jobs in Schulenburg

Agriculture Commissioner Sid Miller today announced the Texas Department of Agriculture (TDA) has awarded $750,000 to the city of Schulenburg for infrastructure improvements through the Texas Capital Fund (TCF).

POE: SELL EXCESS AND UNUSED FEDERAL LAND TO FUND TRANSPORTATION INFRASTRUCTURE PROJECTS

This week, Congressman Ted Poe (R-TX) introduced H.R. 1931 the American Land Act. This bill would require the Bureau of Land Management and the National Forest System to open up about 1/3 of its land over five years for sale to the American people. The federal government currently owns 27% of the total land in the United States.

CONGRESSMAN RUBÉN HINOJOSA ANNOUNCES USDA GRANTS AWARDED FOR EARTH DAY WATER PROJECTS IN DUVAL...

Congressman Rubén Hinojosa announces the United States Department of Agriculture (USDA) awarded grants and loans to Duval County and to the City of Alton for water projects and improvements as part of their Earth Day 2015 Project Selection

Estate Attorney Predicts Death Tax Will Stay Despite House Vote

On Thursday, April 16, the House voted 240-179 to repeal the federal death tax. In response to Congress, the President has threated to veto the repeal, leading most experts to predict a continuation of the long-standing tax. The death tax will likely stay in place despite its detrimental effect on family businesses and strong opposition from the American public, reports Tax Trends Weekly

PASSCO COMPANIES EXPANDS OPERATIONS WITH NEW OFFICE IN AUSTIN, TEXAS, AND ADDITION OF...

Passco Companies, LLC, a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S., has announced the opening of a new office in Austin, Texas, and the addition of industry veteran Shelli Cusack as Director of Asset Management

Housing Discrimination is Not Tolerated in Texas

In recognition of Fair Housing Month, Agriculture Commissioner Sid Miller and the Texas Department of Agriculture (TDA) reminds the public that every Texan has a right to be treated equally when trying to buy, finance or rent a home or apartment under the Fair Housing Act, and discrimination in Texas will not be tolerated.

Early Voting Starts April 27, Solution Found to Open South Service Center

Early voting for the Arlington May 9th Joint General and Special Elections begins Monday, April 27, and will continue until Tuesday, May 5.

Voters now have seven locations in which to cast their ballot:

Learn about Fair Housing at May 8th Conference

The City of Austin is hosting a fair housing conference, “Fair Housing in Austin: Past, Present, and Future,” on Friday, May 8 from 8:30 am to 3 pm at the Asian American Resource Center located at: 8401 Cameron Road, Austin, TX 78754.

GOP Cheers as Repeal of ‘Un-American’ Estate Tax Passes House

The House of Representatives voted Thursday to repeal the federal tax on estates because "it's a sad day" when heirs face huge financial burdens after someone dies, Rep. Buddy Carter told Newsmax.The House of Representatives voted Thursday to repeal the federal tax on estates because "it's a sad day" when heirs face huge financial burdens after someone dies, Rep. Buddy Carter told Newsmax.

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Benefits of Hiring an Accident Attorney

The Benefits of Hiring an Accident Attorney

Road accidents are more common that one might think. Did you know that according to Texas Department of Transportation, 1 crash occurs every 59 seconds in Texas? In the unfortunate situation of a road crash, your injuries are not the only thing you need to worry about.