The People’s Community Development Association of Chicago, Inc. and The NHP Foundation Celebrate Completion of Harvest Homes Apartments with Ribbon Cutting Ceremony

The People’s Community Development Association of Chicago, Inc. and The NHP Foundation Celebrate Completion of Harvest Homes Apartments with Ribbon Cutting Ceremony

Event will mark the first new affordable housing in East Garfield in three decades

PR Newswire

CHICAGO, July 24, 2017 /PRNewswire-USNewswire/ – The People’s Community Development Association of Chicago, Inc. (PCDAC) and The NHP Foundation (“NHPF”), a national not-for-profit provider of affordable housing are proud to announce the ribbon cutting ceremony celebrating the completion of Harvest Homes, an affordable housing complex in East Garfield, Chicago Sunday, July 30, 2017 from 2pm to 4pm at 3520-3542 W. Fifth Avenue. The event is hosted by Reverend Michael Eaddy, President of PCDAC and Pastor of People’s Church of the Harvest Church of God in Christ, Chicago, and Alderman Jason Ervin of the City of Chicago’s 28th Ward. PCDAC is a co-developer of the property.

Expected attendees include Richard Burns, President and CEO of The NHP Foundation, Senator Dick Durbin and other local guests and officials.

“It has long been a vision of PCDAC to bring affordable housing to East Garfield Park, so that residents who desire to remain and raise their families here can enjoy quality housing at an affordable price,” said Reverend Eaddy, adding “We are thrilled to host this event celebrating the first new affordable housing development to be built in the East Garfield area in over 30 years.”

Construction first began on this project in the summer of 2015, and the completed homes have been made available to both low and moderate-income residents. The complex features 36 units and includes an array of two, three, and four-bedroom apartments. In addition, Harvest Homes offers occupants amenities such as energy efficient appliances, off-street parking, exterior security cameras, and in-unit washer and dryer hook ups.

The event will feature a tour of the property, refreshments and children’s activities.

“The East Garfield Park neighborhood of Chicago is a remarkable component of the revitalization of Chicago’s West Side,” according to NHPF’s President and CEO Richard Burns, “Replacing vacant lots with safe, quality housing not only attracts new residents, but strengthens the sense of community in the neighborhood as well. With quick access to the Garfield Park Conservatory and expressway, the neighborhood is becoming an attractive place to relocate for those seeking affordable housing in Chicago.”

The $12 million development is a result of a joint venture between People’s Community Development Association of Chicago, Inc. and NHPF. The venture was funded by a variety of both private and public sources, such as the Low-Income Housing Tax Credit (LIHTC) program, the City of Chicago’s Department of Planning and Economic Development, the State of Illinois Department of Commerce and Economic Opportunity, J. P. Morgan Chase Bank, the Chicago Community Loan Fund, Enterprise Community Investments, Inc. and NHPF.

For more information on The NHP Foundation please visit www.nhpfoundation.org or check the organization out on Twitter at @nhpfoundation.

About PCDAC
People’s Community Development Association of Chicago, an affiliate of the People’s Church of the Harvest Church of God in Christ, fulfills community and economic developments and is a pillar in the East Garfield Park community. PCDAC was created in 1999 as a 501(c) (3) not-for-profit organization. Its programs are threefold: job training and placement, youth services for at-risk children, and affordable housing. Their mission is to increase family wealth by promoting home ownership and building affordable housing for residents who wish to remain. PCDAC is committed to making a difference by enhancing their existing programs, to combat disparities in access to resources and unemployment. PCDAC has successfully accomplished its greatest goal yet. The building of Harvest Homes Apartments. Home to 36 families who love their new apartments! This is only the beginning of more great things to come.

About The NHP Foundation
Headquartered in New York City with offices in Washington, D.C., and Chicago, I.L., The NHP Foundation (NHPF) was launched on January 30, 1989, as a publicly supported 501(c)(3) not-for-profit real estate corporation. NHPF is dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities. NHPF also provides a robust resident services program to nearly 18,000 community residents. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other not-for-profit organizations, NHPF has 46 properties, including 7,969 units, in 15 states and the District of Columbia. For more information, visit www.nhpfoundation.org.

Media Contact
Marijane Funess
Crenshaw Communications
212.367.9746

 

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SOURCE The NHP Foundation

Renting vs. Buying a Home: Which is Best for Your Wallet in Each State?

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Renting vs. Buying a Home: Which is Best for Your Wallet in Each State?

In today’s market, owning a home is not always the most affordable choice based on where you live in the U.S.

PR Newswire

LOS ANGELES, July 24, 2017 /PRNewswire/ — Washington, D.C., Arizona and Nevada are among the 11 states where renting is more affordable than buying a home, found a new study by the leading personal finance website GOBankingRates.

GOBankingRates surveyed all 50 states and the District of Columbia, and identified which states are best for buying a home and which are better suited for renting.

To help home-seekers better navigate the housing market in their community, GOBankingRates surveyed all 50 states and the District of Columbia, and identified which states are best for buying a home and which are better suited for renting. 

Methodology: To determine whether it’s more affordable to rent or own a home in each state, GOBankingRates sourced the estimated median monthly rent from May 2017 Zillow data on all homes and the median home list prices in every state using May 2017 Zillow data. For North Dakota, the list price was sourced from Trulia due to a lack of available data on Zillow. Current mortgage rates in each state were sourced on June 28, 2017, from Zillow. GOBankingRates then used the Zillow mortgage calculator to determine the estimated monthly mortgage payment, assuming a 20 percent down payment on a 30-year fixed loan. The mortgage calculator also took insurance and taxes into consideration to determine the monthly mortgage payment.

Click here to view the full study results.

The 11 states in which renting a home is the more affordable option are listed here:

1. Arizona

  • Monthly rent: $1,273
  • Monthly mortgage: $1,326

2. Colorado

  • Monthly rent: $1,807
  • Monthly mortgage: $1,918

3. Washington, D.C.

  • Monthly rent: $2,632
  • Monthly mortgage: $2,718

4. Hawaii

  • Monthly rent: $2,433
  • Monthly mortgage: $2,916

5. Idaho

  • Monthly rent: $1,187
  • Monthly mortgage: $1,299

6. Montana

  • Monthly rent: $1,239
  • Monthly mortgage: $1,420

7. Nevada

  • Monthly rent: $1,293
  • Monthly mortgage: $1,373

8. North Carolina

  • Monthly rent: $1,157
  • Monthly mortgage: $1,233

9. Oregon

  • Monthly rent: $1,642
  • Monthly mortgage: $1,704

10. Utah

  • Monthly rent: $1,440
  • Monthly mortgage: $1,606

11. Wyoming

  • Monthly rent: $1,166
  • Monthly mortgage: $1,174

You can find more details by state in the full study on GOBankingRates.com.

About GOBankingRates

GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.

Contact:

Natalie Richter, Media Relations
GOBankingRates.com
nrichter@consumertrack.com
310-297-9233 x137

 

GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News & World Report, MSN Money, Daily Finance, Huffington Post, Business Insider and many more. It also specializes in connecting consumers with the best banks, credit unions and interest rates nationwide. (PRNewsFoto/GoBankingRates.com)

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SOURCE GOBankingRates

Ovako Hofors Puts Safety at the Forefront with the First Spray-Cooled™ EAF Roof in the Nordic Region

Ovako Hofors Puts Safety at the Forefront with the First Spray-Cooled™ EAF Roof in the Nordic Region

Canada NewsWire

EL DORADO, Ark., July 24, 2017 /CNW/ – Swedish steel producer Ovako has awarded Systems Spray-Cooled the contract to modernize and increase safety on their Electric Arc Furnace (EAF) with the first Spray-Cooled™ roof in the Nordic region, located at their bar, billet, tube, and rings facility in Hofors, Sweden.

Electric Arc Furnace with Spray-Cooled equipment in the charging phase.

After first being exposed to Spray-Cooled technology at the European Electric Steelmaking Conference in Italy, Ovako weighed the new technology against their current pressurized tubular roofs. The main concerns were implementing the technology with their environment (piping); otherwise, Ovako has been highly enthusiastic about the technology and saw clear advantages both for maintenance and for safety. Because Spray-Cooled™ equipment operates at atmospheric pressure, the cooling water is not pumped across the area to be cooled. Therefore, the potential for high pressure, high volume water leaks is eliminated.

Under the contract, the new roof will be engineered to work with their current furnace setup, as well as ‘future-proofed’ to integrate with planned furnace upgrades. To alleviate concerns about potential piping issues, the new roof will be engineered using state of the art 3D laser scans of the current furnace and surrounding mill. The 3D laser scan will aid in the design, especially since the available drawings are 25 years old and have discrepancies. It will also allow piping to be designed accurately for easy fitment and should greatly reduce or eliminate unforeseen issues in the process.

The Hofors steelmaking operation, based around ingot casting, has an annual capacity of about 500,000 tonnes of ingots. The tube rolling capacity is about 120,000 tonnes annually and the ring rolling capacity about 45,000 tonnes a year.

This is an unconventional cantilever-lift roof that will be fabricated in Germany. Ovako and Systems Spray-Cooled plan on commissioning the new roof in January of 2018.   

For product information, go to https://spraycooled.tsg.bz/applications/eaf-roofs/. For general information, contact Systems Spray-Cooled at +1 (615) 366-7772; email info@tsg.bz; web spraycooled.tsg.bz.




For sales/reader service inquiries:





For media inquiries:


Contact:  Systems Spray-Cooled

Contact:  Kyle Morgan

877 Seven Oaks Blvd., Ste 500

The Systems Group

Smyrna, TN 37167; U.S.

+1 (870) 862-1315 

+1 (615) 366-7772

E-mail: info@tsg.bz

E-mail info@tsg.bz

 

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SOURCE Systems Spray-Cooled

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