Borough of National Park Receives $3.7M USDA Rural Development Funding for Water Improvements

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National Park, NJ – Congressman Rob Andrews, Senator Robert Menendez, USDA Rural Development State Director Howard Henderson and National Park Mayor Patricia Rossiter announced the Borough of National Park as recipient of loan and grant funds totaling $3,685,000 through our Water and Environmental Program. The $2,685,000 low interest loan and $1,000,000 grant will enable the Borough to provide an adequate and dependable water supply to the residents at an affordable rate.

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A Mish Mash of TIPS and SNIPPETS

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Preparing to Deploy Iraq/Afghanistan

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MORIARTY INTRODUCES BILL TO CAP LOCAL PROPERTY TAX GROWTH AT 2.5 PERCENT

Measure Would Become Effective Quicker than Governor’s Version;

Would Allow Flexibility to Address Unintended Consequences of Lower Cap

(TRENTON) – Assemblyman Paul D. Moriarty (D-Gloucester) issued the following statement Monday after introducing legislation (A-2945) to lower to 2.5 percent the state’s current four percent cap on local property tax growth:

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Default Lines :: A landlord dropped a bomb on Kensington. It could happen again

Cover Story :: Article :: Philadelphia City Paper

It was, demographically speaking, a brilliant business model. White, middle-class families who had been sustained for generations by factory jobs were leaving in droves; low- and middle-income Hispanics who needed affordable housing were moving in. Coyle bought houses from McBrides, Sloans and Myerses and sold them to Felicianos, Colons and Lopezes.For much of his career, these transactions were straightforward: Coyle bought for less and sold, or rented, for more.But in the mid-\’90s, his business model began to change in a profound way. This change coincided with the rise of the housing bubble, as banks came to see property not as actual houses with actual people paying actual mortgages, but as abstract commodities to be sliced and sold — commodities that, the thinking went, could only increase in value. In 1996, Coyle began taking out second mortgages on his properties and using them as collateral for cash loans. He began bundling his properties:

read via citypaper.net

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