Content Tagged As loan

3 years 4 months ago

$90 million loan goes to Alamosa solar company

The Department of Energy has committed to loan $90 million to Congentrix of Alamosa to build a 30 megawatt photovoltaic power generating station in the San Luis Valley. U.S. Energy Secretary Steven Chu made the announcement today. The project will provide 75 construction jobs and 10 jobs after construction...

3 years 6 months ago

Ordinance contains no loan wording

Pueblo City Clerk Gina Dutcher confirms the ordinance passed by the Pueblo City Council yesterday turns about $750,000 over to Pueblo Motorsports Park and does not stipulate the money is a loan. Dutcher told News First 5 there is an "understanding" that if PMP starts making money it will...

4 years 3 months ago

Mortgage applications lowest in 13 years

The number of customers applying for a mortgage to purchase a property fell to the lowest level in 13 years last week, a sign the housing market is struggling without government incentives. The Mortgage Bankers Association said Wednesday purchase volume declined 5.7 percent and is at its lowest point...

4 years 3 months ago

Hispanic ranchers lawsuit drags on

U.S. Sens. Mark Udall and Michael Bennet say they want a resolution soon on a 2000 federal lawsuit filed by Hispanic farmers and ranchers who allege unfair treatment during the distribution of disaster loans. The senators' statements Friday came during the week the government began discussions to resolve the...

4 years 4 months ago

State treasurer addresses Chavez concerns

In light of the scathing audit on the Cesar Chavez School Network, Pueblo City Schools has big concerns about Cesar Chavez Academy's debt. On Wednesday, the state treasurer traveled to Pueblo to address those concerns. Cary Kennedy says the academy owes nearly $15.7 million in bonds, which were used to...

4 years 4 months ago

Payday loan bill passes state senate

The Senate has passed tighter limits on payday lenders, which opponents say will drive the industry out of business. The bill passed by just one vote Friday and now heads back to the House, which is expected to re-approve the latest version of the bill. It would require lenders...

4 years 6 months ago

Mortgage rates now above 5 percent

Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels. The mortgage finance company Freddie Mac said Thursday that the average rate on a 30-year fixed rate mortgage was 5.05 percent this week, up from...

4 years 9 months ago

Foreclosures high in parts of Pueblo

Foreclosures seems to be happening more in certain parts of Pueblo. The four areas hit hardest are Minnequa, the East Side, Eagleridge and Northern Pueblo West. Over the past couple of years, 40% of the homes in these neighborhoods have gone into foreclosure. Many people in those areas fell into...

4 years 11 months ago

Government home loan agency faces cash squeeze

The Federal Housing Administration says its cash cushion will dip below mandated levels for the first time, but insists it won't need an immediate taxpayer rescue. The agency, a growing source of funds for first-time homebuyers, faces mounting concerns that it will soon need a taxpayer bailout as losses grow...

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