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LEXINGTON COUNCILMEMBER JENNIFER MOSSOTTI TO RECEIVE ELECTED WOMEN OF EXCELLENCE AWARD FOR 2016

9/30/2016

Congratulations to our own Jennifer Mossotti on this well deserved award!

 

For Immediate Release

September 29, 2016

Contact: Rob Bolson (859) 425-2564

LEXINGTON COUNCILMEMBER JENNIFER MOSSOTTI TO RECEIVE ELECTED WOMEN OF EXCELLENCE AWARD FOR 2016

 

Lexington, Ky. – Lexington 9th District Councilmember Jennifer Mossotti has been selected by her peers to receive an Elected Women of Excellence Award for 2016 from the National Foundation for Women Legislators during the “Women of Excellence” reception at the NFWL’s annual conference in Orlando, Florida on Wednesday, November 16, 2016. Elected women from across the country will gather at the conference to identify effective solutions to some of the nation’s most pressing issues.

 

Mossotti was selected to receive the award for her leadership role in passing the minimum wage increase in Lexington which took effect July 1, 2016. The Lexington-Fayette Urban County Council voted 9-6 to increase the minimum wage last fall. Lexington became the second city in Kentucky to raise the minimum wage.

 

“It is a tremendous honor to receive this prestigious award from fellow legislators of the National Foundation for Women Legislators,” said Councilmember Mossotti. “I am truly humbled by the NFWL’s recognition and pleased to accept the award on behalf of my Council colleagues who supported the minimum wage increase legislation.”

 

NFWL Chair Delaware Representative Helene Keeley noted, “Part of the spirit of NFWL is that we take time to acknowledge the significant accomplishments of the women around us and we are delighted to recognize this year’s honorees.”

 

The Elected Women of Excellence Award was created to identify women who have worked tirelessly, often breaking down barriers and overcoming obstacles that once seemed insurmountable, to serve their communities. The award was established in 2013 in order to honor the hard work and dedication of women leaders from across the country.

 

Since 1938, the NFWL has served as a forum for elected women to be empowered through information and experience. The NFWL is the oldest organization for elected women in America and is a non-partisan 501(c)(3) educational foundation for elected women on the state, county, and municipal levels.

 

The 2016 winners were nominated by their colleagues and constituents from their home states and then chosen by a distinguished panel of NFWL members.

 

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Contact: Rob Bolson

Legislative Aide to Councilmember Jennifer Mossotti - 9th District

Lexington-Fayette Urban County Government

200 East Main St. - 5th Floor

Lexington, KY 40507 - rbolson@lexingtonky.gov

Ph.: (859) 425-2564

 

Millennials and the latest findings from our Homeowner Sentiment Survey

8/26/2016
millennials

LATEST BERKSHIRE HATHAWAY HOMESERVICES SURVEY REVEALS MILLENNIALS EXERCISE PATIENCE IN QUEST FOR HOMES

 

The concept of a starter home may be a non-starter for millennials, at least according to findings from Berkshire Hathaway HomeServices’ latest Homeowner Sentiment Survey. The study found that besides saving for a down payment, 37% of millennial renters indicated they are interested in buying a house only when they’re ready to afford their dream home, relegating the concept of a “starter home” to virtual non-existence. 

But even if millennials are holding out for their perfect property, this cautious generation is still the most optimistic about the real estate market and most satisfied with the U.S. economy, survey findings revealed. In fact, 76% of respondents ages 18 to 34 view housing favorably, up a point from last spring and a full 17 percentage points from November. A large majority of millennials (85%) also believe that owning a home is an important part of the “American Dream,” a sentiment shared with older generations.

But even if millennials are holding out for their perfect property, this cautious generation is still the most optimistic about the real estate market and most satisfied with the U.S. economy …

Not shared with other generations, however, is millennials’ biggest challenge in purchasing a home. Overwhelmingly, the survey millennial respondents said securing a low mortgage rate is their greatest hurdle to homeownership while Gen-Xers said their largest barrier is saving money for the purchase, and boomers  said their biggest challenge was “finding a home that suits their family’s wants and needs.”

“Mortgage rates may be hindering millenials from purchasing a home,” said Gino Blefari, CEO of HSF Affiliates.” However, encouraged by an optimistic outlook on housing and the economy, I think we’ll start to see more millennial buyers in the market, especially as rates remain at historic lows.”

Read the full press release here.

Understanding Energy Efficient Mortgages

10/31/2013

Understanding Energy Efficient Mortgages.

Ever heard of an energy-efficient mortgage? EEMs, formally introduced by the Federal Housing Administration in 1995, help consumers save money on utility bills by enabling them to finance the cost of energy-efficient features for their new or existing homes as part of their FHA insured home purchase or refinanced mortgage.

This program was popular when first introduced but it is underutilized today, which has some scratching their heads.  In fact, the U.S. Department of Energy says that an energyefficient mortgage is one of the most beneficial programs consumers can use to capitalize on today’s real estate market.

You can participate without the need to qualify for additional financing because cost-effective energy improvements result in lower utility bills, making more funds available for mortgage payments. You can upgrade windows and doors, install active and passive solar technologies, insulate an attic, replace older heating and cooling systems and fix or replace chimneys and more.

The maximum cost of improvements you can add to your mortgage is either 5% of the property’s value (not to exceed $8,000) or $4,000, whichever is greater based on your property’s value. FHA requires that you make at least a 3.5% cash investment on your property based on the sale price. The total mortgage amount is based on your home’s value plus the projected cost of energy-efficient improvements.

Experts believe that an EEM can add an additional 15% of a home’s appraised value to the principal of a new loan or refinance, often at no additional cost, no compromise in the loan-to-value ratio for the borrower and perhaps a better rate. Benefits will vary from one house to another and your lender will be your best source on what benefits you may obtain. Energy efficiency becomes an attractive selling point when you place the property on the market.

You may apply for an EEM with any HUD-approved lender, such as a bank, credit union or mortgage company. Visit www.hud.com for a list of HUD-approved lenders. An energy consultant or Home Energy Rating System provider will assess your property before financing is approved.

 


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Prudential A.S. de Movellan Real Estate

customercare@demovellan.com

http://demovellan.com

171 Prosperous Pl. Lexington, KY 40509

Specialties

Residential Real Estate Brokerage, Commercial Real Estate Brokerage, Farm Real Estate Brokerage, Corporate Relocation Services, Individual & Family Relocation Services, Rental Propertys, Investment Real Estate Brokerage

Lexington real estate, Georgetown real estate, Nicholasville real estate, Winchester real estate, Paris real estate, Richmond real estate, Lawrenceburg real estate. LBAR member, LBAR.com member

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