Cost rental scheme could ease Limerick’s housing crisis

first_imgFacebook Limerick city house prices rise 4.9% as time to sell falls Advertisement TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Print WhatsApp NewsPoliticsCost rental scheme could ease Limerick’s housing crisisBy Bernie English – April 30, 2019 1452 Email TAGSHousingLimerick City and Countylocal election 19Newspolitics center_img Mortgage payment break for local authority home loan borrowers will be extended by a further three months RELATED ARTICLESMORE FROM AUTHOR Limerick county house prices to rise 5% in 2021 Previous articleFirst PDC title for William O’Connor after win over Aspinall in BurnleyNext articleWATCH: Niall O’Carroll to join SL team with sports psychology insights Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Twitter Limerick on Covid watch list Linkedin Anne Cronin, Labour Party Candidate.Picture Brendan GleesonLIMERICK City and County Council has been told that cost-rental scheme could solve much of the housing crisis and provide a better way for working families to afford to rent and create a stable home for their children.A not-for-profit scheme, the cost rental model charges rent based on the cost of providing the accommodation over a long-term rental of up to thirty years.Sign up for the weekly Limerick Post newsletter Sign Up The issue was raised by Labour Party city north local election candidate Anne Cronin after she received a letter from distressed working parents, who fear losing their home of eight years and being unable to afford a new place to live.The letter outlines how the couple have had to cope with a 40 per cent increase in rent over the last four years on one full time and one part-time income. Their financial circumstances mean that they are unable to get a mortgage.“We dread the knock on the door to say that the landlord is selling or moving a family member in which is a situation that has happened to us twice before.“This is our home. It is not just a piece of real estate. We may not own it but we’ve made it our family home, a place of comfort and sanctuary for our children, who should not have the worries their parents have regarding our future.“Current policymakers offer no solutions to this crisis, they lack the imagination and courage to forge a better future for long-term renters in Ireland,” the letter says.Ms Cronin believes that the cost-rental scheme would provide options for families like these.“Renting in Ireland is not easy and the most recent statistics identified that rents in Limerick grew by 16.7 per cent in 2018. The highest increase across the country,” she said.“Limerick City and County Council sit on many varying sized plots of public land throughout the county, which already removes the cost of buying the land. So if a contractor is brought in to build the units, then the rent is considerably less than the private market.“Essentially the tenant pays the cost of providing the housing, no-one makes a profit. Cost rental is a widely used and very successful model of affordable housing delivery across Europe,” Ms Cronin explained.last_img read more

Hague and London Oil gets hold of more North Sea assets

first_imgOil and gas company Hague and London Oil (HALO) has made a deal to acquire several assets in the Dutch & UK sectors of the North Sea from ONE-Dyas (OND).JDA and Sillimanite assets map; Source: ONE-DyasAccording to HALO’s statement on Wednesday, these interests consist of 7.9% of the Sillimanite Development Unit, straddling the Dutch & UK median line in the North Sea; 0.85% of the Joint Development Area (JDA); 2.34% of the Western Gas Transmission (WGT) pipeline system, including the onshore Den Helder gas processing facilities; and, 4.167% net profit interests (NPl) on blocks in and adjacent to the JDA, from OND.HALO said it would pay a purchase price to OND of €8.85 million ($9.7M) paid in cash at the closing of the sales purchase agreement (SPA), subject to working capital adjustments between the effective date and closing of the SPA.The company said that the completion amount would be funded through existing cash resources of the company, structured finance associated with the existing and expanded portfolio or secured lending against hydrocarbon gas volumes within HALO’s portfolio.The proposed acquisition will be subject to all requisite third party, regulatory and government (eg. Netherlands & UK) approvals or waivers.The effective date of the proposed transaction will be January 1, 2019, with the completion amount paid at the time of closing. The proposed acquisition will increase HALO’s interests in the JDA and WGT to 10.80% and 11.22% respectively and a new entry with 7.9% of the Sillimanite Development Unit comprised of 11.73% Block 44/19a (UK (includes the Sillimanite West Discovery)) and 7.037% Block D12b (Netherlands).Additionally, the proposed acquisition removes a financial burden on the company’s existing JDA stake plus adding NPI on other participants in: K8, L13 and Partial Block L12. Once completed, the proposed transaction would immediately add ca. 2 mmboe of reserves and an estimated 800-1,000 boepd of production by 4Q 20.Andrew Cochran, Chairman & Interim CEO, commented: “This proposed acquisition represents a unique opportunity to add to the existing portfolio as well as expanding it within HALO’s established ‘core’ areas, including transportation & infrastructure. Sillimanite is already under development and would add materially to the company’s production profile next year as well as adding reserves immediately upon a successful closing; also, the proposed acquisition would establish HALO’s first production in the UK ahead of the Greater Pegasus Area development project.”Previously, HALO bought Tullow Oil’s gas producing assets in the Dutch North Sea through an acquisition which was completed in November 2017. The acquisition comprised interests in 12 licenses on the Dutch Continental Shelf (DCS) in the Northern Area and a suite of interests in the Joint Development Area in the western part of the DCS. The acreage spreads over 2,878 sq km which generated total net production of 2,900 boepd in 2016.In September 2018, HALO entered into an agreement for the conditional acquisition of the entire share capital of Third Energy Offshore whose portfolio includes interests in the Greater Pegasus Area (45%), and the high impact Andromeda prospect in the Southern North Sea.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

Lazio: Quarantine for squad is ridiculous

first_img The other sticking point of the protocol was the decision to make a club medic liable if a player contracts COVID-19. “In that case, let me take the responsibility of deciding not to put the whole group into quarantine. I have no problem with that. Let’s follow the German model, which only quarantines the positive person for 15 days.” This is not entirely accurate, because the German model does leave the ultimate decision on quarantine to the local health authorities. read also:Lazio, Wolves in talks over partnership That has already been put into practice at Dynamo Dresden, a team in the German second division, who saw the whole squad quarantined after two players tested positive. FacebookTwitterWhatsAppEmail分享 Promoted ContentWhat Are The Most Delicious Foods Out There?6 Interesting Ways To Make Money With A Drone8 Things That Will Happen If An Asteroid Hits EarthBest & Worst Celebrity Endorsed Games Ever MadeWhich Country Is The Most Romantic In The World?8 Fascinating Facts About Coffee20 Completely Unexpected Facts About ‘The Big Bang Theory’6 Extreme Facts About HurricanesCouples Who Celebrated Their Union In A Unique, Unforgettable Way5 Of The World’s Most Unique Theme ParksInsane 3D Spraying Skills Turn In Incredible Street Art11 Most Immersive Game To Play On Your Table Top Lazio chief medic Ivo Pulcini maintains the protocol demanding the whole group quarantine for one positive COVID-19 case is ‘truly ridiculous.’ The medical protocol was confirmed today, meaning Serie A sides can resume contact training from Monday, with a plan to restart games from June 13. “Putting the whole squad and staff in quarantine if one person tests positive is truly ridiculous, in my view,” Lazio chief medic Pulcini told Radio Radio. “The scientific committee did not want to listen to the views of those who work in football medicine, who deal with what happens on the pitch and don’t just sit behind a desk. “If I have a positive case, I put him in isolation, then test all the others. If they are healthy and test negative, why should I treat them as if they are ill? Are we crazy? Do these people know what a medic actually does?”Advertisement Loading… last_img read more

Iowa officials report 1st confirmed measles case since 2011

first_imgDES MOINES, Iowa (AP) — Health officials have reported the first confirmed Iowa case of measles since 2011.The Iowa Department of Public Health said Monday the person from northeastern Iowa wasn’t vaccinated and contracted measles while on a trip to Israel, where outbreaks have been reported.Iowa officials are working with the infected person as well as with people he or she potentially exposed. The department says there’s no indication of any threat to the general public.U.S. officials say 90 measles cases were reported across the United States last week, and 555 cases have been reported in 20 states this year.Measles symptoms include fever, runny nose, cough and a rash. It’s highly contagious to the unvaccinated and can be fatal.last_img