Lorine R. Williams's Page

Exciting New Program to increase home sales & stabilize the real estate market

U.S. Housing & Urban Development (HUD) Secretary Shaun Donovan announced on May 29th an exciting new program to stimulate home sales as part of the Obama administration’s American Recovery Act of 2009. Homebuyers are now offered a tax credit of up to $8,000 for the purchase of their first home. “Families now will be able to apply the anticipated tax credit towards their home purchase right away” announ… Continue

Effective Dec. 1, 2008 residents will see a 34-percent drop in electric LEAC rates, from $0.322317 per kilowatt hour to $0.211661 per kilowatt hour, which will take the average consumer’s bill down by $55.35, or 27.2 percent. The average commercial customer -- those businesses using about 1,200 kilowatt hours -- will see their bills drop by $143.91, or 25.5 percent, while the average large power customer will pay $4,428.24, or 28.3 percent, less.

The reduction reflects the continued drop in pri… Continue

As President Barack Obama signed the $787.2 billion dollar
economic stimulus package into law, a large sigh of relief
echoed throughout the Virgin Islands. The islands will realize
at least $244 million in unanticipated revenue, with windfalls for the
Territory’s roads, schools, Medicaid patients and providers, and tax
credits for its citizens. Although some numbers are solid, there are
areas that remain in flux:

•Clean, Efficient, American Energy
•Transforming our Economy with Science and Tech… Continue