Heartland Network
- Apr 22, 2021
- 3 min
Other Voices: Manufacturing investments must anchor American Jobs Plan
Tom Conway, International President United Steel Workers Doug Melvin and his co-workers at Hodge Foundry endure the searing heat and grime of huge furnaces to manufacture parts that power America, from rings that keep railroads chugging to hubs that keep wind turbines spinning. The question is whether they can keep the foundry itself operating. The COVID-19 recession and other factors dealt the 145-year-old Mercer County facility a blow, and Mr. Melvin, recording secretary fo
Heartland Network
- Apr 22, 2021
- 2 min
Atlas Holdings Announces $3.1 Billion Close For Fourth Private Equity Fund
News Provided by Atlas Holdings LLC GREENWICH, Conn., March 29, 2021 /PRNewswire/ -- Atlas Holdings LLC ("Atlas") today announced the first and final close of its fourth private equity investment fund, Atlas Capital Resources IV LP ("ACR IV"). Atlas began fundraising in November 2020 and closed ACR IV at its hard cap of $3.1 billion. As of the closing, Atlas manages more than $6.0 billion of capital. Atlas focuses on control investments in companies experiencing financial o
Heartland Network
- Apr 22, 2021
- 2 min
'A phoenix rising from the ashes:' Marcal Paper Mills up and running again
Katie Sobko NorthJersey.com ELMWOOD PARK – Marcal is making paper again, almost a year to the day after a 10-alarm blaze leveled much of the plant and toppled the iconic Marcal sign over Route 80. The site is still largely vacant, but Marcal CEO Rob Baron said on Friday, "We need to get back to work." Rep. Bill Pascrell Jr., D-Paterson, and Gov. Phil Murphy were among a collection of dignitaries and local officials on hand in one of the few buildings that survived the devasta
Heartland Network
- Apr 22, 2021
- 3 min
Blue Wolf Capital Acquires Colson Group
Blue Wolf Builds Upon its Track Record in Niche Manufacturing Through its Acquisition of the Global Market Leader in Caster and Wheel Solutions March 1, 2021 – NEW YORK – Today, Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, announced its acquisition of Colson Group (“Colson” or “the Company”), a global leader in caster and wheel product solutions. Terms of the transaction were not disclosed. Colson is one of the largest manufacturers a
Heartland Network
- Apr 8, 2021
- 3 min
AFFORDABLE HOUSING FINANCE Infrastructure Plan Seeks Major Investments in Housing
The White House proposal also seeks to eliminate exclusionary housing and address public housing needs. www.housingfinance.com President Joe Biden unveiled a sweeping $2.25 trillion infrastructure plan today that calls for investing $213 billion to produce, preserve, and retrofit more than 2 million affordable and sustainable places to live. The American Jobs Plan also seeks to: Build and rehabilitate more than 500,000 homes for low- and middle-income home buyers. Specificall
Heartland Network
- Apr 8, 2021
- 4 min
Facing Housing Crunch, California Cities Rethink Single-Family Neighborhoods
Erin Bardassari, NPR Real estate developer Kevin Khasigian stands in an empty lot near Sacramento's booming downtown. The sound of a jackhammer from a nearby construction site rattles behind him. "We're not in any buildings, just an open field with grass and trash cans and parking," he says. He points to the edges of a future, four-unit apartment building he has planned for the space. "Hopefully someday this will provide the opportunity for people to live in an area where the
Heartland Network
- Apr 8, 2021
- 3 min
Report Finds Huge Housing Shortage Nationwide, with California Leading the Way
David Greenwald, https://www.davisvanguard.org/ Affordable housing has been a crisis in California, but a new report from the National Low Income Housing Coalition on Thursday found that the problem is nationwide with a shortage of 6.8 million rental homes affordable and available to extremely low-income renters, whose household incomes are at or below the poverty guideline or 30 percent of their area median income. Overall the report found that there are just 37 affordable a
Heartland Network
- Apr 8, 2021
- 5 min
HIT Finances First San Francisco Project of $1 Billion Initiative and Aids Local Economy
San Francisco, CA — The AFL-CIO Housing Investment Trust (HIT) today announced the first project under its $1 billion Bay Area Investment Initiative for jobs and affordable housing launched earlier this fall. Officials said the company will provide $19.1 million to help finance the new construction of 96 efficiency apartments for extremely low-income and homeless residents, in San Francisco’s South of Market neighborhood.
“The loss of construction jobs is one of the worst e
Heartland Network
- Apr 8, 2021
- 2 min
AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets. Sarah Min, Asset Allocation The AFL-CIO Housing Investment Trust (HIT) will invest $1 billion to boost rental housing in the San Francisco Bay Area over the next five years. The funding will go toward 4,000 housing units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing marke