Archived Facts

Archive for April, 2012

Columbus, OH (PRWEB) April 24, 2012

Red Mortgage Capital, LLC, the mortgage banking arm of comprehensive capital provider RED CAPITAL GROUP, LLC is pleased to announce it processed and funded a $ 9,570,000 FHA 221(d)(4) insured mortgage commitment through HUD Chicago for the historic Pullman Wheelworks, a 210-unit affordable housing apartment building on Chicagos south side. The FHA commitment was secured just 41 days following submission of the application.

Project sponsors Mercy Housing Lakefront and National Housing Trust/Enterprise Preservation Corporation recently hosted a tour of the newly acquired property to highlight the latest preservation strategies they are employing together to address the regions affordable housing crisis. Attending the gathering was the Honorable Shaun Donovan, U.S. Secretary for Housing and Urban Development.

Pullman Wheelworks, built in 1903 as part of a working community developed by railroad industrialist George Pullman, is listed on the National Register of Historic Places and is being redeveloped and preserved as part of an overall neighborhood revitalization plan anticipated to occur over the next several years.

The substantial rehabilitation of the project, scheduled for completion in approximately 18 months, will include major renovations to kitchens, bathrooms and balconies, new windows throughout, and new and expanded common space areas. Having last been rehabbed in 1980, the revitalization will ensure the long term economic viability of the project, thereby preserving essential housing for the low income residents of the area. The project has 122 one-bedroom units; 28 two-bedroom units; 54 three-bedroom units and 6 studio units. The community is fully leased at present except for 10 leases that were allowed to lapse in order to provide temporary housing for tenants while their own units undergo renovation.

The financing had multiple layers of capital and a very tight time frame in which to secure the FHA commitment – a key component of the financing. Ultimately, the complex structure utilized 11 sources of capital including tax-exempt bonds issued under the U.S. Treasurys New Issue Bond Program, historic tax credits, 4% low income housing tax credits (LIHTC), and HOME loans.

Red Mortgage Capital, LLC Senior Managing Director John K. Powell said, HUD Chicago was exceptionally timely and responsive. Their delivery of an FHA Commitment just 41 days after submission demonstrates considerable effort and a dedication to furthering their mission to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD was integral in helping to make this transaction happen in a tight timeframe so that other deadlines could be met successfully, and we applaud them.

We were pleased to welcome the Secretary to Chicago to showcase the preservation of this historic building and the community development occurring in the neighborhood, said Mark Angelini, Senior Vice President, Real Estate Development for Mercy Housing Lakefront. The many layers of financing employed in the purchase of the building were significant to help us overcome barriers to buy the property. We thank the many partners who contributed. Three levels of government HUD, Illinois Housing Development Authority and the City of Chicago came together through the John D. and Catherine T. MacArthur Foundation-sponsored initiative known as the Preservation Compact, a city-wide effort to stem the loss of affordable rental housing in the Chicago area. Community Investment Corporation and National Affordable Housing Trust also played key roles that contributed to the purchase of the property.

Operating nationwide since its inception in 1990, RED CAPITAL GROUP, LLC is recognized for its industry expertise, innovative and comprehensive structures, and consistently high lender rankings. Red Mortgage Capital, LLC is one of the nations top three FHA lenders for overall Multifamily/LEAN experience, having closed more than 100 transactions totaling nearly $ 1.2 billion during HUD FY2011, and also is an active Fannie Mae DUS

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You can also read the actual bill here: http://www.opencongress.org/bill/111-h3200/show. Know better? Leave your own answer in the comments! Tags:Go to.Go to.

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23 and 1/2 hours: What is the single best thing we can do for our health?

My new website is up and running, I’m curating resources and information for a range of common conditions, www.myfavouritemedicine.com A Doctor-Professor answers the old question “What is the single best thing we can do for our health” in a completely new way. Dr. Mike Evans is founder of the Health Design Lab at the Li Ka Shing Knowledge Institute, an Associate Professor of Family Medicine and Public Health at the University of Toronto, and a staff physician at St. Michael’s Hospital. http www.facebook.com Conceived, written, and presented by Dr. Mike Evans Illustrated by Liisa Sorsa Produced, directed, and filmed by Nick De Pencier Picture and sound edit by David Schmidt Gaffer, Martin Wojtunik Whiteboard construction by James Vanderkleyn Production assistant, Chris Niesing ©2011 Michael Evans and Mercury Films Inc.
Video Rating: 4 / 5

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Quantum Health Commits to Adding 525 Columbus Jobs
COLUMBUS, OH, Apr 30, 2012 (MARKETWIRE via COMTEX) — Care coordination innovator Quantum Health, Inc. announced today at a joint news conference with Governor John Kasich, Mayor Michael B. Coleman and County Commissioner Paula Brooks that it will …
Read more on MarketWatch (press release)

San Francisco Health Plan Providers Help Earn Statewide High-Quality Care
Award rankings are determined by performance in the Healthcare Effectiveness Data and Information Set (HEDIS), a national set of measures for clinical care delivered to health plan members, developed by the National Committee for Quality Assurance …
Read more on MarketWatch (press release)

UNC system health insurance to rise
By Jane Stancill The UNC system began requiring students to be covered by health insurance in the fall of 2010. Students must either prove that they have their own insurance or buy a plan offered by the UNC system. Before that, 11 campuses required …
Read more on Charlotte Observer

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Question by : What do Medical Professionals think about the passing of the health care bill, both the pros and cons?
I am currently doing research on the health care bill, and would like to know how medical professionals (from all walks) feel about the passing of the health care bill. Let me know your profession and how long you’ve been in the medical field. Include both the pros and cons if possible. Let me know what you think!

Best answer:

Answer by Tofu Ninja
I am a hospital pharmacist and I think it is a good thing. We have so many patients with no insurance coming to ER because of no insurance (or they don’t want to pay.) The hospital get stuck with the bills and we have to lay off a lot of people. ER is very expansive. If they have insurance, they can go to primary care doctor for minor things. They also have to pay their co-pay which will reduce those frivolous ER visit. We have people come in just for allergy! They don’t want to pay for Claritin over the counter and come to ER and asked for a prescription. Then filled in at pharmacy with Medicaid. We need them pay some money back!

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Health Care Management and the Law: Principles and Applications, Donna Hammaker,

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Beating Obamacare: Your Handbook for the New Healthcare Law
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Beating Obamacare: Your Handbook for the New Healthcare Law
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Update: THIS IS A GUIDE TO THE ORIGINAL HEALTHCARE BILL HR 3200. Yes the healthcare bill HR3962 passed. Now it’s up to us to do all we can to repeal it!! This video is based on HR3200 but it is very closely related to HR3962 with the exception that HR3962 is deemed to be worse! If we don’t get this bill thrown in the trash where it belongs we can expect to see much if not all of what this video shows us. THE PDF.OF THE BILL HR3200 NOTED AT THE END OF THE VIDEO IS NO LONGER VALID. HERE IS THE UPDATED LINK TO THE PDF. candicemiller.house.gov I am well aware of the typeo in this video, I apologize but It’s too late to fix it now. Healthcare is only a powerful stepping stone to their government takeover plan. Open your eyes America, they don’t care what “we the people” want or need, they simply want control. Aug. 2009 Original Bill (Video) :This is a point by point description (A guide not the actual reading of the bill!) of the Government Healthcare plan taken from the ACTUAL proposed bill HR3200candicemiller.house.gov Though not opposed to healthcare reform most Americans do not want this KIND of reform which is a dangerous UN-AMERICAN UNCONSTITUTIONAL We want reform that makes sense and that is helpful for all not a destructive death warrant for the unborn and the elderly. We want government to stay out of our personal life decisions period. This is America !!
Video Rating: 3 / 5

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Legal and Ethical Issues for Health Care Professionals

Legal and Ethical Issues for Health Professionals, Second Edition is the ideal resource for legal and ethical dilemmas facing health care professionals today. This book will help readers prepare for the ethical issues they will experience on the job and teach them how to evaluate the right and wrong courses of action when faced with complicated legal problems. Through contemporary topics presented with a real-world perspective, readers will develop the critical thinking skills needed for the moral decisions they will encounter in the health care environment. The Second Edition now contains several new features, including real-life scenarios described in Case Studies, Reality Checks, and People Stories as well as Discussion Questions and a Chapter Review at the end of each chapter. Legal and Ethical Issues for Health Professionals, Second Edition is the ideal introductory legal and ethical text for all health professions students. Features: Presents legal and ethical concepts in an accessible manner; Reviews basic principles of ethics and law;Discusses how ethics and the law are involved in all decisions made in health care settings; Presents true-to-life case studies

List Price: $ 104.95

Price: $ 25.82

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As the U.S. Supreme Court ponders the fate of healthcare reform in the current election year, a study released on Thursday shows that one in four working-age Americans went without insurance at some point in 2011, often as a result of unemployment and other job changes.

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You can also read the actual bill here: http://www.opencongress.org/bill/111-h3200/show. Know better? Leave your own answer in the comments! Tags:Go to.Go to.

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