Cleveland Real Estate News

Obama just signed the Financial Reform Act into law, and one area not widely discussed sets aside monies for out of work home owners, so they can keep up with their mortgage payments.  It’s unclear to me if only Federal (HUD) loans will be affected or assisted.  The mandate is that the program begin October 1st 2010 but since it just became law, details are not yet available.

This Market Watch article on Federal monies for the unemployed  by Amy Hoak is worth a read.  It also discusses the model for this Federal program for mortgage assistance, which is a Pennsylvania program in effect since 1983.   This program is called the Philadelphia Unemployment Project.  What a good read. Seems there are 550,000 Pennsylvanians out of work.  The June stats I saw for Ohio were about 625,000? I was also intrigued to read on the PUP site that they own 26 vans used to transport people without other means, to their jobs.  The website is very cool, also a good read.  It sounds like a great grass roots organization with a now 30 year history of doing things that help the less advantaged in Philly.  Reminds me of ESOP here in Cleveland with a slightly broader scope.

One more site stood out while I was researching this post. Simply Hired.  They claim the most popular Cleveland companies with jobs available are Best Buy, The Cleveland Clinic, Rockwell Automation, IBM and The Dandy Project. What I liked about this site is the ability to go to the job page for each of these companies and link through LinkedIn to see who you might know who works there.  Networking  the 21st Century way! 

Peace Out -3C