Texas Loans – Uncharted 3 Blog http://uncharted3blog.com/ Sun, 09 Jan 2022 14:01:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://uncharted3blog.com/wp-content/uploads/2021/05/default.png Texas Loans – Uncharted 3 Blog http://uncharted3blog.com/ 32 32 Triumph Bancorp – Consensus indicates potential rise of 6.4% https://uncharted3blog.com/triumph-bancorp-consensus-indicates-potential-rise-of-6-4/ Sun, 09 Jan 2022 14:01:06 +0000 https://uncharted3blog.com/triumph-bancorp-consensus-indicates-potential-rise-of-6-4/ Triumph Bancorp found using ticker (TBK) now have 7 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The target price varies between 170 and 107 by calculating the average target price that we have 127.71. Now, with the previous closing price of 119.98, that would indicate there is a potential upside of 6.4%. […]]]>

Triumph Bancorp found using ticker (TBK) now have 7 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The target price varies between 170 and 107 by calculating the average target price that we have 127.71. Now, with the previous closing price of 119.98, that would indicate there is a potential upside of 6.4%. The 50-day moving average is 123.87 and the 200-day MA is 95.32. The market capitalization of the company is $ 2,996 million. Company website: https://www.triumphbancorp.com

Triumph Bancorp operates as a financial holding company for TBK Bank, SSB, which provides a variety of banking and trade finance products and services to retail customers and small and medium-sized businesses in the United States. The company operates through three segments: Banking, Factoring and Corporates. It offers deposit products, including checking, savings and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans for the purchase of capital goods and loans to businesses for working capital and operational purposes. The company also offers asset loans, equipment loans and premium loans; real estate loans for financing commercial properties; factoring services to the transport and non-transport sectors; agricultural loans; loans for commercial construction, land and land use planning; warehouse mortgages; residential real estate loans; and consumer credit. In addition, it offers debit cards; electronic banking, trust and cash management services; and insurance brokerage services. As of December 31, 2020, the company operated through a network of 10 branches in the Quad Cities metropolitan area of ​​Iowa and Illinois; 8 branches in northern and central Illinois; 7 branches in southern Colorado; 3 branches in New Mexico; 31 branches in central and eastern Colorado; and 2 branches in the far west of Kansas, as well as a branch dedicated to deposit collection activities in Dallas, Texas. Triumph Bancorp was founded in 1981 and is headquartered in Dallas, Texas.

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Austin opens loan applications for nonprofits to buy land for affordable housing https://uncharted3blog.com/austin-opens-loan-applications-for-nonprofits-to-buy-land-for-affordable-housing/ Fri, 07 Jan 2022 23:02:12 +0000 https://uncharted3blog.com/austin-opens-loan-applications-for-nonprofits-to-buy-land-for-affordable-housing/ AUSTIN The city offers loans for the purchase of land The City of Austin Community Acquisition Program, which is part of Project Connect’s anti-displacement initiatives, offers repayable and non-repayable loans at 0% interest rates to qualifying nonprofits for the acquisition of properties that increase the supply of affordable housing. Loans are available on an ongoing […]]]>

AUSTIN

The city offers loans for the purchase of land

The City of Austin Community Acquisition Program, which is part of Project Connect’s anti-displacement initiatives, offers repayable and non-repayable loans at 0% interest rates to qualifying nonprofits for the acquisition of properties that increase the supply of affordable housing.

Loans are available on an ongoing basis until available program funds are exhausted. The program aims to provide additional low-income housing to those in need by providing funds to eligible 501 (c) (3) nonprofit organizations with experience in renovation, construction, rental and the sale of affordable housing in Austin, in order to acquire a property in order to increase the supply of affordable housing. accommodation in town.

The funds are to be used on a property of 1 acre or less, to be developed, renovated, rented and sold as affordable housing to low income households in gentrification areas within a mile of a proposed Project Connect transit line.

For interest: Housingdevelopment@austintexas.gov.

Reports

AUSTIN

The raffle supports heart tests

The Championship Hearts Foundation is holding a luxury car raffle to help support free Texas teen heart tests and agency programs.


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East Texas Farmers May Request Relief From USDA Loan Program https://uncharted3blog.com/east-texas-farmers-may-request-relief-from-usda-loan-program/ Thu, 06 Jan 2022 00:35:00 +0000 https://uncharted3blog.com/east-texas-farmers-may-request-relief-from-usda-loan-program/ TYLER, Texas (KLTV) – East Texas farmers who suffered losses during the tumultuous weather year of 2021 have a chance to recoup some of their losses through a government loan program. From a snowstorm in February to torrential rains in spring to scorching summer heat, farmers were hit by a weather dam that drastically reduced […]]]>

TYLER, Texas (KLTV) – East Texas farmers who suffered losses during the tumultuous weather year of 2021 have a chance to recoup some of their losses through a government loan program.

From a snowstorm in February to torrential rains in spring to scorching summer heat, farmers were hit by a weather dam that drastically reduced their output.

“We had a number one frost and snow disaster declaration. We then had a second disaster declaration for the excessive spring precipitation. Then we had a disaster declaration for drought, excessive temperatures and heat, ”said Roel Garza, USDA Farm Service Agency farm loan manager.

Twenty-three counties in Texas are receiving loans from the USDA to offset the effects of drought, among other weather factors.

“Loans are intended to recover losses due to natural disasters. The emergency loan has a limit of $ 500,000. It’s meant to bring a producer back to where that operation was before the disaster happened, ”Garza said.

Emergency loans can be used to meet a variety of recovery needs, including replacing equipment or livestock, reorganizing farms, or refinancing certain debts.

“The loan would go to producers who have suffered 30 percent of their crop or livestock. Because a disaster declaration is declared, it doesn’t mean everyone in the county would be eligible, ”Garza said.

Agricultural service agencies will review loans based on the extent of losses, available collateral, and repayment capacity.

Producers can apply for the loan through the USDA website.

Copyright 2022 KLTV. All rights reserved.


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Coahoma teachers and staff will receive customer service training https://uncharted3blog.com/coahoma-teachers-and-staff-will-receive-customer-service-training/ Tue, 04 Jan 2022 03:07:27 +0000 https://uncharted3blog.com/coahoma-teachers-and-staff-will-receive-customer-service-training/ In an effort to better provide service to students and visitors to campus, Coahoma Community College has announced it will conduct campus-wide customer service training sessions for all faculty and staff. . Trellis Company, the company behind providing strain and other marketing and registration services for Coahoma, is a 501 (c) (3) nonprofit focused on […]]]>

In an effort to better provide service to students and visitors to campus, Coahoma Community College has announced it will conduct campus-wide customer service training sessions for all faculty and staff. .

Trellis Company, the company behind providing strain and other marketing and registration services for Coahoma, is a 501 (c) (3) nonprofit focused on helping people leverage the power of post-secondary education and learning to improve their quality of life and the communities in which they live.

The sessions will be chaired by Steven Smith of Trellis Company.

Smith has worked in higher education for over 30 years. He was an administrator of academic programs and head of financial aid at the City University of New York. Smith later worked in public relations, political and regulatory affairs, and strategic planning at Texas Guaranteed. From 2005 to 2017, he was vice-president and then president of the College of Culinary Arts Le Cordon Bleu.

According to the company’s website, for more than 40 years, Trellis has served as a student loan guarantor, helping to provide reliable advice and services that help student borrowers successfully repay their federal loans. In addition to being at the forefront of several technologies and services along the way, the company has invested in improving student success programs through numerous grants to colleges, universities and research groups. This strong philanthropic legacy, which evolved until the creation of the Trellis Foundation in 2017, enables them to continually support student outcomes, particularly underserved students, families, institutions and communities where they live.

In 2017 Steve joined Trellis Company as Director of Student Success Initiatives, focusing on student retention and persistence awareness, particularly at institutions serving minorities. He has conducted over 60 customer service training sessions at over 30 higher education institutions. He sits on the University of Houston’s Customer Experience Program Advisory Board.

Marriel C. Hardy, Director of Communications, is delighted that the campus community is receiving this training and believes it will be a win-win for the institution.

“As Coahoma continues to move forward towards our strategic goals, we don’t want to lose sight of why we are here and what our mission is,” said Hardy. What we learn will help us shape the course of our global initiatives and focus on what really matters to students and those in whom we serve.

Hardy said the training sessions are part of multiple ongoing actions CCC has taken to improve the overall student experience and completion rates.

“This is why customer service training is so important. We train our employees to deal with some of the most important people in our lives: our students, ”said Hardy. “We hope to teach new and improved communication skills. These sessions will give our employees an understanding of the essential factors of customer service and help them understand how to offer a user-friendly approach. “


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Non-profit organizations can apply for loans for construction of land and affordable housing https://uncharted3blog.com/non-profit-organizations-can-apply-for-loans-for-construction-of-land-and-affordable-housing/ Sun, 02 Jan 2022 03:24:00 +0000 https://uncharted3blog.com/non-profit-organizations-can-apply-for-loans-for-construction-of-land-and-affordable-housing/ AUSTIN, Texas – The City of Austin’s Community Acquisition Program is accepting applications from nonprofits to help increase the supply of affordable housing. The program provides zero-interest loans, both recoverable and non-recoverable, to qualifying nonprofits so they can acquire land to provide more affordable housing in the city of Austin. Loans are available on an […]]]>

The City of Austin’s Community Acquisition Program is accepting applications from nonprofits to help increase the supply of affordable housing.

The program provides zero-interest loans, both recoverable and non-recoverable, to qualifying nonprofits so they can acquire land to provide more affordable housing in the city of Austin.

Loans are available on an ongoing basis until all available funds are exhausted, according to the city.

To be considered eligible for a loan under this program, the following criteria must be met, specifies the city:

  • Eligible owner entity: The funds provided will be reserved exclusively for 501c3 registered non-profit organizations with experience in the acquisition of real estate, development, renovation, rental and sale of affordable limited-income housing for low-income households. in the city of Austin.
  • Permissible use: The funds provided will be used exclusively for the acquisition of vacant and improved real estate on small sites to be developed, renovated, rented and sold to qualifying low-income households in the city, at an affordable rate for a period of time. ‘at least forty or ninety-nine years for rental housing and owner-occupied housing, respectively. At least half of existing or future housing units on property purchased with ADCAP funds will be reserved as eligible affordable units.
  • Eligible location: Funds provided will be reserved exclusively for qualifying use by a qualifying owner entity in gentrification areas not exceeding one mile from a proposed Project Connect bus or rail line.

Organizations interested in applying for funding should adhere to the program guidelines and submit a completed application to Housingdevelopment@austintexas.gov.

The community acquisition program is funded by Project Connect Anti-Displacements funds approved by city voters as Proposal A in the November 2020 ballot. Funding for the program is available for eligible nonprofits. for the 2021-2022 fiscal year.

Those who need more information can contact the Housing and Town Planning Department.

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MORE TITLES:
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Some residents are leaving Austin as the city becomes increasingly unaffordable
Rent prices are rising rapidly in the United States, experts say
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NextPoint Financial Inc. Acquires Community Tax LLC for US $ 90 Million in Cash and Stock, Adding Tax Debt Resolution and Related Services to Its Growing Line of Financial Services Offerings | Texas https://uncharted3blog.com/nextpoint-financial-inc-acquires-community-tax-llc-for-us-90-million-in-cash-and-stock-adding-tax-debt-resolution-and-related-services-to-its-growing-line-of-financial-services-offerings-texas/ Fri, 31 Dec 2021 12:00:00 +0000 https://uncharted3blog.com/nextpoint-financial-inc-acquires-community-tax-llc-for-us-90-million-in-cash-and-stock-adding-tax-debt-resolution-and-related-services-to-its-growing-line-of-financial-services-offerings-texas/ CHICAGO, IL and HURST, TX, December 31, 2021 / CNW / – NextPoint Financial Inc. (TSX: NPF.U) (OTC Pink: NACQF), (“NextPoint” or the “Company”), an all-inclusive financial services destination offering tax services, loans and other solutions to underserved consumers and small businesses, today announced that it has completed the acquisition of ChicagoCommunity Tax LLC, (“Community […]]]>

CHICAGO, IL and HURST, TX, December 31, 2021 / CNW / – NextPoint Financial Inc. (TSX: NPF.U) (OTC Pink: NACQF), (“NextPoint” or the “Company”), an all-inclusive financial services destination offering tax services, loans and other solutions to underserved consumers and small businesses, today announced that it has completed the acquisition of ChicagoCommunity Tax LLC, (“Community Tax”), a rapidly growing leader in tax debt settlement and other tax related services for approximately $ 90 million in cash and shares, subject to certain closing adjustments. The transaction is expected to have a positive impact on NextPoint’s earnings in 2022.

The purchase was funded by US $ 70 million in borrowings under a new credit facility entered into by a newly incorporated subsidiary of NextPoint which owns all of Community Tax’s interests. NextPoint also issued the equivalent of $ 20 million ordinary shares of NextPoint, priced at $ 4.6881 per share, to the former owners of the community tax.

Founded in 2010, Community Tax has quickly established itself as a leader in the tax debt resolution industry by leveraging a two-phase approach to resolving outstanding tax issues. Community Tax is a bilingual organization, with English and Spanish speaking team members in all disciplines of the organization. Community Tax has offices at Chicago, Jacksonville, and Porto Rico. Jacob Dayan, Esq., co-founder and CEO of Community Tax, has joined NextPoint as Chief Revenue Officer and will be responsible for monetization strategies across the company.

Brent Turner, NextPoint CEO commented, “Community Tax is a perfect complement to the NextPoint platform and meets the needs of our clients. In early 2021, we started offering their tax resolution services to Liberty Tax clients through our franchisees. The program was well received and ultimately led to today’s purchase which positions us as one of the largest tax debt settlement companies in the United States. . “

About NextPoint Financial Inc. (www.nextpointfinancial.com)

NextPoint Financial Inc. is an all-inclusive marketplace for financial services enabling hard-working and underserved consumers and small businesses. NextPoint was formed by the July 2021 combination of Liberty Tax, a leading provider of tax preparation services, with LoanMe, an online lender and loan distributor.

Forward-looking statements

This press release may contain “forward-looking statements” (as defined by applicable securities laws). These forward-looking statements relate to future events or future performance, in particular with regard to the expected impact of the community tax on the profits of the company, the integration of the community tax, the objectives and priorities of the company for the financial year 2021 and beyond, and additional strategies or actions relating to the Company, business operations, financial performance and the condition of the Company.

These forward-looking statements reflect the current beliefs of management and are based on information currently available to management. In some cases, forward-looking statements may be identified by words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “Predict”, “potential”, “continue”, “target”, “intend”, “could” or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and many factors could cause actual events or results to differ materially from the results discussed in forward-looking statements. In evaluating forward-looking statements, readers should specifically consider various factors that could cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, general market and economic conditions, the Company’s ability to integrate community tax into its operations, the ongoing COVID-19 pandemic, and the risks and uncertainties discussed in the section titled “Risk factors” in the final prospectus of the Company dated June 3, 2021.

The forward-looking statements contained in this press release are presented for the purpose of helping investors understand the business and strategic priorities and objectives of the Company at the periods indicated and may not be appropriate for other purposes. The forward-looking statements contained in this press release are not guarantees of future performance and, although the forward-looking statements are based on certain assumptions which the Company considers to be reasonable, actual events and results could differ materially from those expressed or under – understood by forward-looking statements. made by the Company. Prospective investors are urged to carefully consider these and other factors when making decisions about the Company and not to place undue reliance on forward-looking statements. Circumstances affecting the Company can change quickly. Except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE NextPoint Financial Inc.

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23 new laws will come into effect in Texas on January 1, 2022 https://uncharted3blog.com/23-new-laws-will-come-into-effect-in-texas-on-january-1-2022/ Wed, 29 Dec 2021 21:24:01 +0000 https://uncharted3blog.com/23-new-laws-will-come-into-effect-in-texas-on-january-1-2022/ AUSTIN, Texas – 23 new laws passed by the 87th Texas Legislature come into effect on Saturday, January 1, 2022. Below is a list of the new laws scheduled to come into effect in 2022. (Click on the corresponding link to learn more about each law) HB 115 Relating to the exemption from ad valorem […]]]>

AUSTIN, Texas – 23 new laws passed by the 87th Texas Legislature come into effect on Saturday, January 1, 2022. Below is a list of the new laws scheduled to come into effect in 2022.

(Click on the corresponding link to learn more about each law)

HB 115

Relating to the exemption from ad valorem taxation of certain property owned by a charity and used to provide housing and related services to certain homeless people.

HB 531

Relating to the notification requirements for rented accommodation located in a floodplain.

HB 1197

Relating to the period during which certain land belonging to a religious organization for the purpose of expanding a place of religious worship or building a new place of religious worship may be exempt from ad valorem taxation.

HB 1445

Relating to the applicability of sales and use tax to medical or dental billing services.

HB 1689

Relating to reinsurance credit governed by certain covered agreements and ceded to certain assuming insurers.

HB 2237

Relating to the privileges of the mechanic, the contractor or the materialist.

HB 2535

Relating to the valuation for ad valorem tax purposes of real estate that includes certain improvements used for the non-commercial production of food for personal consumption.

HB 2730

Relating to the acquisition of real estate by an entity with eminent state authority and the regulation of easement or right of way agents.

HB 3131

Relating to the information to be included in the certificate of incorporation of a filing entity.

HB 3777

Relating to fees and expenses eligible for the purposes of the franchise tax credit for the certified rehabilitation of certified historic structures.

HB 3788

Related to the training and education of Assessment Review Board members.

HB 3961

Regarding the mandatory posting of information about the state long-term care ombudsperson’s office on the websites of certain long-term care facilities.

HB 3971

Relating to the assessment for ad valorem tax purposes of a residential building located in a designated historic district.

HB 4638

Relating to the creation of certain municipal management districts; give the power to issue bonds; give the power to impose contributions, fees and taxes.

SB 23

Relating to an election to approve a reduction or reallocation of funds or resources for certain county law enforcement agencies.

SB 41

Relating to the consolidation and distribution of State civil justice costs; the increase in certain civil justice costs; authorization fees.

SB 43

respecting residential mortgage lending, including the financing of residential real estate purchases by way of a global mortgage loan; provide licensing and registration requirements; authorizing an administrative penalty.

SB 794

Relating to eligibility for exemption from ad valorem taxation of residential property of a totally disabled veteran.

SB 855

Relating to the electronic dissemination of commercial recordings or audiovisual works.

SB 911

Related to the regulation of restaurants and third party food delivery services, including the issuance of certain alcoholic beverage certificates to restaurants.

SB 1280

Concerning certain provisions of the Securities Act for which a person offering or selling a security may be held liable to a person who purchases the security.

SB 1449

Relating to the exemption from ad valorem taxation of income-producing tangible movable property of a value below a certain amount.

SB 1524

Relating to a pilot sales and use tax rebate program for certain people who employ apprentices.

Courtesy of: Texas Legislative Reference Library


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Talonvest secures $ 112 million in loans for self-storage customers https://uncharted3blog.com/talonvest-secures-112-million-in-loans-for-self-storage-customers/ Mon, 27 Dec 2021 19:07:19 +0000 https://uncharted3blog.com/talonvest-secures-112-million-in-loans-for-self-storage-customers/ 2340 Maritime Drive, Elk Grove. Image courtesy of Talonvest Talonvest has helped structure a total of $ 111.5 million in ongoing financing on behalf of several self-storage clients. The company arranged four separate loans for a portfolio of six properties and three additional facilities in Chicago, Texas and Illinois. The William Warren Co. closed the […]]]>

2340 Maritime Drive, Elk Grove. Image courtesy of Talonvest

Talonvest has helped structure a total of $ 111.5 million in ongoing financing on behalf of several self-storage clients. The company arranged four separate loans for a portfolio of six properties and three additional facilities in Chicago, Texas and Illinois.

The William Warren Co. closed the largest financing deal, totaling $ 60 million for a set of six properties in California, Texas and Nevada. The seven year loan has five years of interest payments only. Assets total 542,483 net rentable square feet and include a 73,128 square foot facility at 2340 Maritime Drive in Elk Grove, California. The property built in 2002 is operated under the Company’s StorQuest brand. Storage spaces include air-conditioned units and vary between 12 and 300 square feet.

A private investor received a $ 34 million refinance loan with 10 years of interest-only payments. The financing has been secured for a 143,409 net rentable square foot storage facility in Richmond, California. The property located at 321 Canal Blvd. offers 1,114 non-air-conditioned units and 468 air-conditioned units. Storage spaces include 224 car access units.

1864 Independence Drive, New Braunfels, Texas. Image courtesy of Talonvest

The Jenkins organization obtained a refinancing of $ 10 million over 10 years. The Full Term Fixed Rate Loan is for a facility located at 1864 Independence Drive in New Braunfels, Texas. Built in 2017, the property offers 80,555 net rentable square feet spread over three two-story buildings. The establishment has 584 units. Storage spaces include air-conditioned options and vary between 25 and 300 square feet.

Chicago Capital Funds received a $ 7.5 million loan for a facility in Elmhurst, Illinois. The 10-year non-recourse refinancing includes an interest-only payment period. According to Yardi Matrix, the facility is a three-story building at 877 IL-83. The property offers air-conditioned and non-air conditioned units ranging from 25 to 350 square feet and includes parking spaces for RVs and boats. The establishment operates under the U-Stor-It flag.

A safe investment

Despite declining for three consecutive months, street self-storage prices remained stable through November, according to a recent report from Yardi Matrix. The national average rent for 10 × 10 non-air conditioned units increased 6.7% year over year, reaching $ 127. The figure was down $ 1 from the previous month. Meanwhile, prices for 10 × 10 air-conditioned units rose 8.2% year-on-year to $ 145, down $ 1 from the previous month.

Development activity kept pace with demand, despite rising construction material costs. The November pipeline represented 8.8% of existing inventory, marking a 20 basis point month-over-month increase.

Given the persistent shortage of building materials, some big names in the sector prefer to expand their portfolios through asset acquisitions, according to a recent article by The Wall Street Journal. The sector also attracts investors looking to hedge against inflation.

In November, a joint venture of Harrison Street and Reliant Real Estate Management LLC purchased a portfolio of 26 properties in six states. The acquisition was the largest portfolio transaction in Harrison Street history. The company has invested a total of $ 2.3 billion in self storage properties to date.


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TLL Temple Foundation awards $ 1.15 million in grants https://uncharted3blog.com/tll-temple-foundation-awards-1-15-million-in-grants/ Sun, 26 Dec 2021 04:18:45 +0000 https://uncharted3blog.com/tll-temple-foundation-awards-1-15-million-in-grants/ The TLL Temple Foundation selected Communities Unlimited and PeopleFund to receive $ 1.15 million in grants through the Rural Opportunity Catalyst for East Texas initiative. The grants will help the two certified nonprofit community development finance institutions expand their presence in rural East Texas, increasing direct local access to tailored financial products, services, and technical […]]]>

The TLL Temple Foundation selected Communities Unlimited and PeopleFund to receive $ 1.15 million in grants through the Rural Opportunity Catalyst for East Texas initiative. The grants will help the two certified nonprofit community development finance institutions expand their presence in rural East Texas, increasing direct local access to tailored financial products, services, and technical assistance.

The press release went on to say that many rural communities in East Texas are struggling to overcome difficult trends, including declining populations, slowing economic growth, limited broadband access and delays in education and health. The COVID-19 pandemic has further exacerbated the pressure on populations and rural places. These two CDFIs are among more than 1,200 certified organizations of this type in the United States.

But these types of services are lacking in rural East Texas. During the pandemic, these services have been essential in helping marginalized communities and businesses stay afloat, including early access to initiatives such as the Paycheck Protection Program.

CDFIs are essential for accelerating equitable rural entrepreneurship and the development of new businesses. But in the absence of local CDFIs, communities, small businesses or potential entrepreneurs had no way of obtaining these kinds of essential services and technical assistance. The TLL Foundation created the ROC-ET initiative to fill these gaps and bring CFDIs to rural East Texas.

Communities Unlimited and PeopleFund both have a history of accomplishment in rural communities. The grants to which these organizations have access constitute a major step forward in the revitalization of local and regional economic ecosystems.

“These grants will make economic opportunities more accessible to all Eastern Texans and represent a strategic step in our continued quest to reduce poverty and build a thriving rural East Texas,” said Wynn Rosser, president. and CEO of the TLL Temple Foundation.


With the addition of the Rural Placemaking Innovation Challenge grant funds provided by the US Department of Agriculture, Communities Unlimited will be able to provide access to business loans of $ 2,000 to $ 100,000. In addition to having money to lend, they will be able to provide technical assistance and training that will prepare businesses for growth and capital. Communities Unlimited has been working in East Texas with rural water and sanitation systems, but this will increase funding and other professional opportunities that will be readily available.

PeopleFund will provide technical assistance, business planning, monthly workshops and specialized initiatives such as the BIPOC Accelerator for Small Businesses and Veterans Loan programs. Only time will tell how these programs are used and how they can help new and existing businesses start or elevate their current business to new heights.

It’s a big boost for local economies. And with the support of both organizations, the region is set for greater achievement and economic success. Additional information on Communities Unlimited or PeopleFund can be obtained by contacting Jasper Economic Development Corp.


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Farmers and Ranchers in 11 Texas Counties Eligible for Disaster Assistance | Characteristics https://uncharted3blog.com/farmers-and-ranchers-in-11-texas-counties-eligible-for-disaster-assistance-characteristics/ Thu, 23 Dec 2021 21:33:00 +0000 https://uncharted3blog.com/farmers-and-ranchers-in-11-texas-counties-eligible-for-disaster-assistance-characteristics/ AUSTIN – The agricultural services agency of the United States Department of Agriculture has designated 11 counties in Texas as major disaster areas, qualifying them to receive federal emergency loans. Producers are eligible for loans if damage occurred during at least one of the following four events: Hurricane Nicholas on September 14; excessive humidity that […]]]>

AUSTIN – The agricultural services agency of the United States Department of Agriculture has designated 11 counties in Texas as major disaster areas, qualifying them to receive federal emergency loans.

Producers are eligible for loans if damage occurred during at least one of the following four events: Hurricane Nicholas on September 14; excessive humidity that occurred from May 1 to September. 30 ; the winter storm Uri which occurred from February 10 to 19; and drought, according to a press release.

“Loans can be used to meet a variety of recovery needs, including replacing essential items such as equipment or livestock, reorganizing a farm or refinancing certain debts,” officials said. USDA.

The FSA will review the loans based on the extent of losses, available security and repayment capacity, the statement said. Each event has a different deadline for submitting an application.

The top 11 eligible counties are Foard, Wilbarger, Throckmorton, Young, Castro, Hale, Jim Wells, Kleberg, Nueces, Willacy and Brazoria.

According to the statement, 34 other contiguous counties are also eligible to receive funding.

This includes Palo Pinto County, which qualifies for damage that occurred during the winter storm in February. The deadline to submit an application is August 8.

For production losses, a 30% reduction of a primary crop in a designated or contiguous county is required. Quality losses, such as getting a 30% reduced price for crops damaged by floods, may also be eligible for assistance, he said.

“These loans help producers who experience qualifying agricultural losses directly caused by the disaster in a county declared or designated as a disaster or primary quarantine area,” USDA officials said.


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