Gov. Wolf, Attorney General Shapiro Announce Protections from Foreclosures and Evictions Through July 10

first_img Press Release Governor Tom Wolf was joined by Attorney General Josh Shapiro today to announce that he signed an executive order that protects Pennsylvanians from foreclosures or evictions through July 10. The action builds on a Pennsylvania Supreme Court order which closed court eviction proceedings until May 11 and ensures no renter or homeowner will be removed from their home for 60 more days.“At a time when people need to stay home to protect their heath, they should not have to worry about losing their homes,” said Governor Wolf. “Ensuring that people can remain in their homes will help them to better protect their loved ones. It gives families the comfort of knowing they will have a place to live while all of us work together to fight COVID-19 and prepare to move Pennsylvania forward.”“I commend the Governor for his decision to delay eviction and foreclosure proceedings. We know it’s critical for public health, and for our economic recovery, that people stay in their homes during this emergency,” said Attorney General Shapiro. “This order gives people struggling with lost income something they can count on — a roof over their heads.”In almost all circumstances, renters and homeowners are required to continue making monthly payments. If you are a Pennsylvanian struggling to make your monthly payments, you should contact your landlord or mortgage servicer immediately.The Wolf Administration provided recommendations last week to stem foreclosures, evictions and help people experiencing homelessness. The Department of Human Services activated the commonwealth’s Sheltering Taskforce and is working with local and state partners to coordinate resources for people without housing. The Department of Community and Economic Development is also accepting applications for Emergency Solutions Grants to assist with the rapid rehousing of people experiencing homelessness, street outreach, homelessness prevention, and emergency shelter activities.PHFA is also taking action to help homeowners and renters. The agency has stopped foreclosures and evictions and is offering forbearances with late fee waivers to homeowners with a PHFA mortgage who are experiencing a financial hardship because of COVID-19. PHFA also developed a list of renters’ rights and responsibilities to clarify the situation for apartment residents and is working with landlords and property managers to distribute it to renters. PHFA is also encouraging Low-Income Housing Tax Credit building managers to be flexible on rent payments and to waive late fees for tenants whose employment has been affected by the crisis.“During the past few weeks, we’ve had great cooperation from Pennsylvanians who understand that staying home is not just about protecting themselves, it’s about protecting everyone in the community,” said Gov. Wolf. This executive order takes one more burden off people who are struggling and gives them more time to get back on their feet.”More helpful information is available from the following:Pennsylvania Housing Finance AgencyUnited Way of PAConsumer Finance Protection BureauU.S. Department of Housing and Urban Development (HUD)HUD Approved Housing Counseling AgenciesFannie MaeFreddie MacFHFA Foreclosure and Eviction AssistanceView this information in Spanish. SHARE Email Facebook Twitter Gov. Wolf, Attorney General Shapiro Announce Protections from Foreclosures and Evictions Through July 10center_img May 07, 2020last_img read more

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TRIG Notes Further Offshore Wind Investment Opportunities

first_imgThe Renewables Infrastructure Group (TRIG), which entered the offshore wind market with the recently acquired 14.7% indirect equity interest in Sheringham Shoal, sees further investment opportunities in the sector, according to its annual results for 2017.TRIG said that previously commissioned UK renewable energy capacity still owned by developers is expected to continue to provide deal flow for the company for several years ahead. Future acquisition opportunities that TRIG sees lie in areas which may include further offshore wind and storage, as well as projects that may become commercially viable without subsidy, such as onshore wind projects and solar PV as deployment costs continue to fall.Discussing the renewables growth opportunities, the company said that the rapidly growing offshore wind sector in the UK is likely to match the capacity of onshore wind and solar once current construction is built out. Looking at the capacity of operational projects, TRIG pointed out that UK operating offshore wind farms now have a combined 5.1GW of generating capacity with further build-out being projected, and Germany has a further 5.3GW of operating projects.The company’s investment policy allows investment in sectors other than onshore wind and solar PV of up to 20% of portfolio value. Last year’s investments in the Broxburn battery storage project and Sheringham Shoal offshore wind farm amounted in aggregate to approximately 9% of TRIG’s portfolio value at 31 December 2017.last_img read more

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Kinder Morgan to launch another Elba Island LNG train

first_imgUS energy company Kinder Morgan is to launch another small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. Kinder Morgan owns 51 percent of Elba LNG while EIG Global Energy Partners holds a 49 percent stake. Worth mentioning here, the terminal has earlier this year shut three trains following a fire in a mixed refrigerant compressor at the second unit. Elba Island has already six moveable modular liquefaction system (MMLS) units in operation while the seventh train is still in commissioning mode. Image: Kinder Morgan The company has requested an authorization from US FERC to place into service the eighth Elba Island liquefaction unit on July 13. The export project has a 20-year contract with the Hague-based LNG giant Shell. Once in full production, the plant will have in total ten trains with a capacity of 2.5 million tonnes per year. Kinder Morgan previously said it expected to place all of the remaining units in service before the end of the summer this year.last_img read more

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