California’s high-speed rail project between San Francisco and Los Angeles is facing major funding hurdles. California High-Speed Rail Authority CEO Brian Kelly testified this week at the state Senate Transportation Committee about the authority’s updated draft business plan. Kelly told lawmakers he had $28 billion dollars on hand, but that is still several billion dollars
Employee-owned international broker-dealer Baird has launched a California Public Finance group and hired veteran banker John Baracy as a managing director to run it and be the California K-12 market lead. “It’s been a market we wanted to expand in just given the size of the California economy,” said Brian Brewer, Baird’s director of public
California Biofuel Plant and USDA Specialty Crop Investment From the Ag Information Network, I’m Bob Larson with your Agribusiness Update. **The increasing use of biofuels could generate bullish vibes for ag commodities in the future. And, E-T-F Trends says plans for a biofuel plant in California could spur more investors to take a closer look
HAGÅTÑA (The Guam Daily Post) — A man was sentenced to 2-1/2 years in federal prison for stealing $5.5 million from clients in a scheme that involved exchanging and transferring cryptocurrency. On Thursday in the District Court of Guam, Julien Abat Weymouth, 21, was sentenced for operating an unlawful money transmitting business. Senior Judge Alex Munson
After last year’s budget of $300 million in down payment assistance was devoured in 11 days, California has relaunched its program with stricter guidelines to target a niche group of first-time homebuyers. In its second year, the California Housing Finance Agency’s Dream For All Shared Appreciation Loan program will continue to award down payments that
LOS ANGELES (KABC) — California will give out $250 million in down payment assistance this spring as its relaunches its widely popular program aimed at helping first-time homebuyers. Last year, the Dream for All program started with $300 million and it all ran out in just 11 days. This year, the California Housing Finance Agency
California Gov. Gavin Newsom (D) outlined a plan to crack down on retail and property crimes in his state Tuesday. “Building on California’s existing laws and record public safety investments, I’m calling for new legislation to expand criminal penalties for those profiting on retail theft and auto burglaries,” Newsom said in a press release. “These
A building at 755 O’Farrell St. in San Francisco is part of a massive portfolio of 62 apartment buildings that has been purchased after landlord Veritas defaulted on $766.8 million in loans. Scott Strazzante/The Chronicle Real estate giant Brookfield has purchased a massive portfolio of loans tied to 76 San Francisco apartment buildings following one
Since passage of the Endangered Species Act 50 years ago, more than 1,700 plants, mammals, fish, insects and other species in the U.S. have been listed as threatened or endangered with extinction. Yet federal government data reveals striking disparities in how much money is allocated to save various biological kingdoms. Of the roughly $1.2 billion
The California Mortgage Relief Program is helping many people across San Diego and California stay in their homes. The program that is funded by the 2021 American Rescue Plans Act provides up to $80,000 for mortgage relief, missed property tax payments, partial claims and loan deferrals taken during or after January 2020, and reverse mortgage