The year 2023 seems a turnaround year for the world economy: Not only in the real estate sector, where prices are on the rebound. Indeed, inflation and the interest rate hike will still be the focus, at least for the first half of 2023; recession, if any, should be later. The picture is getting clearer:…

A group of Republican lawmakers is pushing Defense Secretary Lloyd Austin on federal funds flowing to U.S. universities with ties to Beijing. Republican Study Committee Chairman Jim Banks (R-Ind.) and 56 of his GOP colleagues sent a letter to Austin on July 25, asking the secretary why federal funds were going to schools that are…

Colorado is putting $275 million in funds received under the federal American Rescue Plan toward child care expenses for families, Gov. Jared Polis’ administration announced on Monday. The federal money will also go toward raises and bonuses for more than 24,000 early childhood educators, as well as “offsetting operational expenses” for the state’s 4,700 child…

The City of Santa Ana, Calif. on May 24 revealed its spending strategy for the $130 million in federal funds it will receive through the American Rescue Plan Act (ARPA). The funds will be delivered to the city’s designated departments in two tranches, one year apart. Santa Ana will receive $79.5 million in the first installment. The city is…

The City of Irvine is introducing a rental assistance program that will reimburse landlords for up to 80 percent of past due rent to compensate for missed payments during the COVID-19 pandemic. The federally-funded program, called the Irvine Emergency Rental Assistance Program (ERAP), differs from Orange County’s $66 million rental assistance program, which began Feb. 1. Irvine received direct allocations of $16.8…