Governor Wolf to Eliminate Blight, Develop Affordable Senior Housing in Nanticoke

first_imgGovernor Wolf to Eliminate Blight, Develop Affordable Senior Housing in Nanticoke SHARE Email Facebook Twitter Infrastructure,  Press Release,  Seniors Harrisburg, PA – Today, Governor Tom Wolf helped move forward efforts to eliminate blighted buildings and construct 40 affordable housing units for seniors on a two-block portion of downtown Nanticoke, Luzerne County by awarding a $1 million grant to these projects.“Providing homes for our seniors to live comfortably in their communities is vitally important to their quality of life and I’m pleased this grant will help in such a significant way,” Governor Wolf said. “Removing blighted buildings and replacing them with affordable housing is a win for residents and a boost to economic development in the region.”New Horizons Development Corporation was approved for the $1 million grant to revitalize a portion of East Main Street in the downtown area of Nanticoke. Blighted buildings will be demolished and reconstructed into 40 affordable housing units for seniors at or below 60 percent of area median income. In addition to the housing, the building will house a LIFE program on the ground floor in partnership with LIFE Geisinger to provide eligible older adults with the support they may need to continue living independently. A parking structure will also be built into the building that will serve as parking for the housing as well as the business district of Nanticoke.“Governor Wolf’s strategic support of Nanticoke, through the Redevelopment Assistance Capital Program, will enable the Nantego Development Project to bring new housing and retail opportunities to downtown Nanticoke continuing the city’s revitalization and spurring additional economic development throughout the South Valley,” said State Senator John Yudichak.“The revitalization of downtown Nanticoke will get a boost thanks to this funding obtained in partnership with Governor Wolf, Senator Yudichak, and city officials,” said Rep. Gerald Mullery. “Older residents will welcome the new affordable housing options and local businesses and customers will benefit from the additional parking.”“The efforts put forth by New Horizons Development Corporation to work collaboratively with local community leaders, including LIFE Geisinger, to identify a creative housing option that will preserve and improve the quality of life for residents of the City of Nanticoke mirrors the Wolf Administration’s commitment to ensure that older Pennsylvanians can live and age well in the setting of their choice for as long as possible,” said Department of Aging Secretary Teresa Osborne. “With a growing aging population, this collaborative revitalization investment demonstrates a shared desire to create an age-friendly future for all our residents.”“Aging brings changes that affect individuals’ physical health, but living apart from their family and community can affect their mental health by leading to feelings of isolation and depression,” said Department of Human Services Secretary Teresa Miller. “Older Pennsylvanians deserve the opportunity to age safely in place and live in their community and near their family and friends. This development will make that possible for more Pennsylvanians.”Supported through the Redevelopment Assistance Capital Program (RACP) program, funding will support critical expansion projects, some of which will provide opportunities for additional economic development.center_img August 17, 2018last_img read more

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Siemens Gamesa Completes Credit Rating Trifecta

first_imgSiemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch.The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an industry that is concentrated, volatile and highly competitive, Siemens Gamesa said.Fitch also noted the company’s geographical and industrial diversification, which enable it to be close to the customer in core markets while also enhancing logistics and operational costs. It also referred to the company’s solid financial profile, in line with an investment grade rating within the capital goods sector.This rating follows those assigned by Standard & Poor’s (BBB-, outlook positive) and Moody’s (Baa3, outlook stable).David Mesonero, CFO of Siemens Gamesa, said: “We are the first producer of wind generators to have a credit rating from all the big three agencies. This further underscores our sound financial position and leading status in the industry.”last_img read more

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European Cup in Judo officially opens in Sarajevo

first_imgThis weekend 237 athletes will be in Bosnia Herzegovina to fight at the European Cup in Sarajevo. The event is held for the ninth time and since this year Sarajevo also organizes a European Cup for Juniors, held last March. The seniors and some juniors are in action in Sarajevo with a reversed line-up of categories with the heavier categories starting on Saturday and on Sunday the light weights are in action.Judo in Bosnia is getting good traction led by Larisa Ceric, who is in the top of the heavyweight division, however she will not fight in Sarajevo, neither Aleksandra Samardzic will, but her sister Andjela will be fighting in the category U63kg.Some of the categories will have some quality judoka with Margaux Pinot starting U70kg on Saturday and Croatian talent Karla Prodan in the grid U78kg. Morgane Duchene of France will try to get a good result in the heavyweight class.The men’s U81kg class has 32 participants, U90kg 29 judoka mainly with Balkan judoka, but also Marc Odenthal of Germany and some French athletes. It will be interesting to see how some junior talents will anticipate in this weekend’s chances like Slovenian heavyweight Enej Marinic who impressed at the World Junior Championships in Zagreb last year.The lightweights are also interesting to see this weekend with some strong Croatian, Bulgarian but also French athletes around. An interesting team from Belgium may have a hand in the medal table and also the Swiss will have a few good people in Sarajevo. Especially on Sunday the Dutch team can grab some medals. You can follow it this weekend from Bosnia Herzegovina.The European Championships for juniors will take place in September in Sofia, the U23 Euros will be held in Gyor in Hungary.(Source: judoinside)last_img read more

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