Economics - TX

CLICK HERE - LETTER - Mayors Support the Solar Investment Tax Credit (7 page .PDF document)

solarnovus.com - 22 October 2019

A bipartisan group of 231 mayors from Tacoma, Wash to Ft. Lauderdale, Fla. sent a letter to Congress today urging them to pass the Renewable Energy Extension Act (HR 3961/S. 2289), a five-year extension of the solar Investment Tax Credit (ITC).

“More than 200 mayors from 39 states are stepping up to defend the ITC,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “Mayors are increasingly turning to solar energy to fight the effects of climate change and generate millions of dollars of private investment in their cities.

(CLICK HERE - READ COMPLETE ARTICLE)

CLICK HERE - HR 3961

CLICK HERE - STUDY - Union of Concerned Scientists - Underwater - Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (28 page .PDF document)

ucsusa.org - June 2018

Sea levels are rising. Tides are inching higher. High-tide floods are becoming more frequent and reaching farther inland. And hundreds of US coastal communities will soon face chronic, disruptive flooding that directly affects people's homes, lives, and properties.

Yet property values in most coastal real estate markets do not currently reflect this risk. And most homeowners, communities, and investors are not aware of the financial losses they may soon face.

This analysis looks at what's at risk for US coastal real estate from sea level rise—and the challenges and choices we face now and in the decades to come.

(CLICK HERE - READ COMPLETE ARTICLE)

Hurricane Harvey was only the latest storm to flood many residents in the Memorial City area, and numerous other Houston-area neighborhoods, such as these homes near Interstate 10 East. ( Brett Coomer / Houston Chronicle )  Photo: Brett Coomer, Staff / Houston Chronicle

houstonchronicle.com - by Mike Morris - January 19, 2019

In Texas’ first legislative session post Hurricane Harvey, lawmakers have filed bills aimed at better alerting homeowners to their flood risk, lessening the damage of future storms and lowering disaster victims’ tax bills.

Whether these or similar proposals pass, a key question confronting lawmakers is whether to allocate cash for disaster recovery and prevention from Texas’ so-called rainy day fund, which is projected to reach $15 billion at the end of the coming biennium if not touched.

A routine Senate bill providing supplemental funding for the 2018-2019 biennium proposes to draw $1.2 billion from the Economic Stabilization Fund to cover various state agencies’ Harvey expenses. The bill also includes seven placeholder allocations to several agencies, with appropriations for Harvey costs to be filled in later.

kfdm.com - by Cassidy Wood - December 11, 2018

Orange County homeowners are struggling to balance large loan payments and credit card debt after rebuilding from Harvey.

With many programs becoming available for those who need help rebuilding, there is one group of people who feel they are being left behind; homeowners who began rebuilding shortly after the storm using their own financial means. These homeowners are taking out loans and increasing their debt and now need help; homeowners like Linda Rose . . .

. . . After Harvey, Rose got some money from flood insurance; but her policy would go up substantially unless she rebuilt her home feet higher. So, Rose, and the rest of her neighbors on Meadowlark Street in Bridge City, are paying out-of-pocket to elevate their homes.

(CLICK HERE - READ COMPLETE ARTICLE)