SC State Housing Launches New Tax Credit Program | MidlandsBiz

SC State Housing Launches New Tax Credit Program

Nov 27, 2012

?Significant savings benefits for qualified homebuyers
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COLUMBIA, SC - November 27, 2012 - South Carolina homebuyers now have a powerful new tool to make their mortgages more affordable and save thousands of dollars each year that would have otherwise been paid in taxes. The SC Mortgage Tax Credit Program is a Mortgage Credit Certificate Program administered by the South Carolina State Housing Finance and Development Authority (SC State Housing) that provides a federal income tax credit to qualified homebuyers of up to $2,000 per calendar year for every year they occupy the home as their primary residence*.
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The SC Mortgage Tax Credit Program will allow qualified homebuyers to save thousands of dollars in mortgage interest payments by taking a tax credit of 30 percent on their federal income tax ? up to a maximum of $2000 per calendar year.? This could result in substantial savings over the life of a mortgage loan ? savings that the homeowner can keep, rather than paying in taxes.
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Spend A Little! Save A Lot!
The cost of the SC Mortgage Tax Credit is just $500, with lenders being able to charge up to an additional $200 processing fee. The cost of obtaining the credit can be paid by the seller of the home as well.
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Who Qualifies?
To qualify, a homebuyer must meet certain conditions:

  • The homebuyer is purchasing a primary residence in South Carolina; AND
  • The homebuyer is a first-time homebuyer, has not owned a home in the last three years, or buys a home in a ?targeted? county; AND
  • The homebuyer occupies the home as a primary residence; AND
  • Household income** falls within the limits established for the county in which the primary residence is being purchased; AND
  • The purchase price** is within the limits established for the county in which the primary residence is being purchased.

**Household income limits and home purchase price limits vary by household size and by county. ?
The home may be new construction or an existing single-family home.
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What Type of Loan Can It Be Used With?
The SC Mortgage Tax Credit may be used with Fannie Mae, Freddie Mac, conventional, fixed rate, adjustable rate, FHA, VA and USDA-Rural Development financing.? It is not available for SC State Housing bond-financed loans, FHA 203(k) or USDA 502 direct loans.
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How Does Someone Qualify?
The program is available to homebuyers through a statewide network of qualified lenders. Contact a qualified lender today to determine if you qualify. The lender will submit the application on behalf of the homebuyer. A list of qualified lenders can be found at www.SCHousing.com/MortgageTaxCredit.
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How Does a Lender Become Approved to Offer the Program?
To become a qualified SC Mortgage Tax Credit lending partner, lenders may complete an application and agreement, which can be found at www.SCHousing.com/Lending_Partners or contact Claude Spurlock at 803.896.9396 or Claude.Spurlock@SCHousing.com.
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For additional information regarding the SC Mortgage Tax Credit Program, please visit www.SCHousing.com/MortgageTaxCredit.
About SC State Housing?For over forty years, SC State Housing has created quality affordable housing opportunities for the citizens of South Carolina.? The agency?s vision is that all residents have the opportunity to live in safe, decent and affordable housing.? The agency administers a number of Federal and State programs directed at low and low-to-moderate income South Carolinians.? SC State Housing is self-sustaining and receives no state appropriations.? For more information, visit www.SCHousing.com.

*As long as the Mortgage Credit Certificate has not been revoked.

Source: http://www.midlandsbiz.com/articles/12673/

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Did you see that? How could you miss it?

Tuesday, November 27, 2012

You may have received CPR training some time ago, but would you remember the proper technique in an emergency? Would you know what to do in the event of an earthquake or a fire? A new UCLA psychology study shows that people often do not recall things they have seen ? or at least walked by ? hundreds of times.

For the study, 54 people who work in the same building were asked if they knew the location of the fire extinguisher nearest their office. While many of the participants had worked in their offices for years and had passed the bright red extinguishers several times a day, only 13 out of the 54 ? 24 percent ? knew the location.

When asked to find a fire extinguisher, however, everyone was able to do so within a few seconds; most were surprised they had never noticed them. The researchers found no significant differences between men and women, or between older and younger adults.

"Just because we've seen something many times doesn't mean we remember it or even notice it," said Alan Castel, an associate professor of psychology at UCLA and lead author of the study. "If I asked you to draw the front of a dime or the front of a dollar bill from memory, how well could you do that? You might get some elements right. Do you know who the president is? On the dime, is he facing left or right? Does it say 'In God We Trust' on the front of the dollar or the back? Do you know what else it says? You've seen it so many times, but you probably haven't paid much attention to it."

Castel said that not noticing things isn't necessarily bad, particularly when those things are not important in your daily life. "It might be a good thing not to burden your memory with information that is not relevant to you," he said.

But with safety information, such as knowing where fire extinguishers are or what to do in an emergency, being prepared can, of course, be very useful.

"When you're on an airplane, do you know where the life vest is and what to do in the event of an emergency?" Castel asked. "You've been told many times, but how would you respond under stressful conditions, when there could be smoke and people screaming?"

A few months after being asked the location of the nearest fire extinguisher, the study participants were asked again if they knew where the closest one was. All of them knew.

"We don't notice something if we're attending to something else," Castel said. "Fire extinguishers are bright red and very conspicuous, but we're almost blind to them until they become relevant."

What does this tell us about the importance of training, whether for emergencies or something as common as learning a new computer program?

Castel stresses that making errors during training is useful. As with the fire extinguisher exercise, errors ? or simple oversights ? can teach us that we don't know something well and need to pay more attention in order to remember it.

"It's good if errors happen during training and not during an event where you need the information," he said. "That's part of the learning process."

The study is published in the journal Attention, Perception, & Psychophysics.

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University of California - Los Angeles: http://www.newsroom.ucla.edu

Thanks to University of California - Los Angeles for this article.

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Source: http://www.labspaces.net/125499/Did_you_see_that__How_could_you_miss_it_

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Photo album of human history launched into space

A new communications spacecraft being hurled into the heavens might seem like ho-hum news, but one particular satellite is carrying what may be one of the longest-lasting material artifacts of contemporary civilization.

Artist Trevor Paglen's "The Last Pictures" is an archival disc containing 100 photographs representing modern human history ? a disc affixed to the exterior of the newly lofted EchoStar XVI satellite.

The full artifact attached to the spacecraft is composed of two interlocking gold-plated aluminum jackets housing the silicon disc on which the photographs are nano-etched. The gold-plated shell was designed at the Massachusetts Institute of Technology (MIT) and Carleton College.

And just in case visitors from afar happen upon EchoStar XVI, there's a cover etching, a temporal map consisting of a star chart, pulsar timings and other information describing the epoch from which the spacecraft came. [Art Time Capsule to Live Forever in Space (Video)]

Carleton College astrophysicist Joel Weisberg collaborated with Paglen on the design of the scientific messages to potential discoverers etched into the artifact's cover.

The Last Pictures is a public project presented by New York-based Creative Time, an organization that has worked with more than 2,000 artists to produce hundreds of innovative public art projects. The disc was commissioned by Creative Time.

Nighttime sendoff

The EchoStar Corporation's EchoStar XVI satellite, built by Space Systems/Loral, was successfully launched on Nov. 20 from the Baikonur Cosmodrome in Kazakhstan. It launched to orbit by International Launch Services' Proton Breeze M rocket. Ultimately, the spacecraft will be maneuvered into orbit 22,300 miles (35,800 kilometers) above the Earth.

EchoStar XVI will be fully leased to DISH Network for the delivery of direct-to-home broadcast services to DISH customers in the United States.

The EchoStar Corporation donated both the services of its engineers and placement space on its satellite.

Paglen witnessed the nighttime sendoff of his project, telling SPACE.com in an email: "Separation [of the satellite from the rocket] was successful ? and the solar panels are deployed and the spacecraft is healthy. Very exciting!!"

"Watching EchoStar XVI and The Last Pictures lift off from Baikonur last night, I was overwhelmed and humbled by the number of people who worked long hours, nights, and weekends, to make this dream of a project come true," Paglen said. "The Last Pictures has gone to space where it will begin a much longer voyage to the depths of time."

Poetic meditation

As a cultural artifact of our time, The Last Pictures is likened to a cosmic message in a bottle to the future and a poetic meditation on the legacy of our civilization.

In selecting the 100 images for the project, Paglen consulted with scientists, artists, philosophers, mathematicians and geologists. His choice of images include depictions of the equipment used in the construction of the atomic bomb; smiling children in a World War II-era Japanese internment camp; as well as a Soyuz rocket launch and the iconic Earthrise image taken during the Apollo 8 mission. [Gallery: Experts' Favorite Space Photos]

"The Last Pictures is a document of this historical moment, but it's not meant to be a representation of humanity ? it's not supposed to speak for everybody. It's a very particular kind of document, one person's impression about what the world might look like at this particular moment," Paglen said. "In a way, that's all we can ask out of art ? things that help us see who we are now. And the best I can hope for is that this project will give us a way that we can actually look at ourselves."

The complete set of images can be found in "The Last Pictures" book, co-published by Creative Time Books and University of California Press, available from bookstores nationwide and online.

Intersections of art and space

The project was sparked by the idea that high-flying communications satellites will ultimately become the cultural and material ruins of the late 20th and early 21st centuries, far outlasting anything else humans have created.

Paglen said that something very remarkable has happened over the last 50 years: Humans have built a ring around our planet, not unlike the rings of Saturn. But instead of being made out of dust and debris, the ring around Earth that's been created is made out of machines, he said.

The Last Pictures venture is also viewed as part of a long tradition of public intersections of art and space. There are plaques riding on the Pioneer 10 and 11 spacecraft, launched in 1972 and 1973, respectively. Then there's the Frank Drake Arecibo message of 1974, beamed toward star cluster M13 some 25,000 light years away.

Similarly, gold records are affixed to the Voyager spacecraft that departed Earth in 1977, each containing sounds and images portraying the diversity of life on Earth and suggesting the possibility of communicating with extraterrestrial life forms or future humans.

"The Last Pictures acts much like a tombstone or cave painting from a time long forgotten," said Nato Thompson, chief curator for Creative Time.

"Ultimately, The Last Pictures will hover over the Earth in virtual perpetuity," Thompson said, "reminding us ? like a haunting shadow ? that the greatest hope of lasting communication resides in the tenuous moment of the present."

Leonard David has been reporting on the space industry for more than five decades. He is a winner of last year's National Space Club Press Award and a past editor-in-chief of the National Space Society's Ad Astra and Space World magazines. He has written for SPACE.com since 1999.

Copyright 2012 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://news.yahoo.com/photo-album-human-history-launched-space-192349209.html

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Daughter of Anna Nicole Smith, 6, models for Guess

Country music titan Dolly Parton is anything but shy.In an exclusive interview with "Nightline," Parton dished about her love life (including those rumors that she is secretly gay), losing a drag queen lookalike contest and building a multimillion-dollar entertainment empire.In her long reign as a country music legend, Parton, now 66, has done it all. In her new motivational memoir, "Dream More," which will be released on Nov. 27, Parton talks about growing up dirt poor in Sevierville, Tenn., in a cabin with 11 siblings. ...

Source: http://news.yahoo.com/daughter-anna-nicole-smith-6-models-guess-013356100--finance.html

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SEC official Elisse Walter chosen to lead agency

This undated handout photo provided by the Securities and Exchange Commission (SEC) shows SEC member Elisse Walter. President Barack Obama has chosen Walter, one of five members of the Securities and Exchange Commission, to lead the agency after Chairman Mary Schapiro leaves next month. (AP Photo/SEC)

This undated handout photo provided by the Securities and Exchange Commission (SEC) shows SEC member Elisse Walter. President Barack Obama has chosen Walter, one of five members of the Securities and Exchange Commission, to lead the agency after Chairman Mary Schapiro leaves next month. (AP Photo/SEC)

FILE - In this Dec. 6, 2011 file photo, Securities and Exchange Commission (SEC) Chair Mary Schapiro testifies on Capitol Hill in Washington. Schapiro will step down as chair of the SEC next month after a tumultuous tenure in which she helped lead the U.S. government?s regulatory response to the 2008 financial crisis. (AP Photo/Evan Vucci, File)

(AP) ? President Barack Obama has chosen Elisse Walter, one of five members of the Securities and Exchange Commission, to become chairman of the agency. Chairman Mary Schapiro will leave next month after a tumultuous tenure in which she helped lead the government's regulatory response to the 2008 financial crisis.

Walter will take over at a critical time for the SEC, which is finalizing new rules in response to the 2008 financial crisis. She can serve through 2013 without Senate approval because she's already been confirmed to the commission.

Obama will need to nominate a permanent successor before Walter's term ends. News reports have suggested that Mary John Miller, a top Treasury Department official, is among those mentioned as a potential candidate.

Walter, who is a Democrat, was appointed to the SEC in 2008 by President George W. Bush. Earlier, she was a senior official at the Financial Industry Regulatory Authority, the securities industry's self-policing organization. She served under Schapiro at FINRA, who led the organization before becoming SEC chairman in January 2009.

"I'm confident that Elisse's years of experience will serve her well in her new position, and I'm grateful she has agreed to help lead the agency," Obama said in a statement.

Schapiro will leave the SEC on Dec. 14. She was appointed by Obama in the midst of the worst financial crisis since the Great Depression. She also took over after the agency failed to detect the Bernard Madoff Ponzi scheme.

Schapiro, 57, is credited with helping reshape the SEC after it was accused of failing to detect reckless investments by many of Wall Street's largest financial institutions before the crisis. And she led an agency that brought civil charges against the nation's largest banks.

In a statement Monday, Obama said, "The SEC is stronger and our financial system is safer and better able to serve the American people ? thanks in large part to Mary's hard work."

But critics argued that Schapiro failed to act aggressively to charge leading individuals at those banks who may have contributed to the crisis. Consumer advocates questioned Schapiro's appointment because she had led FINRA.

Under Schapiro, the SEC reached its largest settlement ever with a financial institution. Goldman Sachs & Co. agreed in July 2010 to pay $550 million to settle civil fraud charges that it misled investors about mortgage securities before the housing market collapsed in 2007. Similar settlements followed with Citigroup Inc., JPMorgan Chase & Co. and others.

The Goldman case came to symbolize a lingering critique of Schapiro's tenure: No senior executives were singled out. The penalty amounted to roughly two weeks of earnings at Goldman. And Goldman was allowed to settle the charges without admitting or denying any wrongdoing, as were other large banks that faced similar charges.

Among the leading critics was U.S. District Judge Jed Rakoff, who questioned how the SEC could allow an institution to settle serious securities fraud without any admission or denial of guilt. Rakoff later threw out a $285 million deal with Citigroup because of that aspect of the deal.

Lawmakers and experts say Schapiro made the SEC more efficient, and they note that she fought for increased funding needed to enforce new rules enacted after the crisis. She often clashed with Republican lawmakers who had opposed the 2010 financial overhaul law and wanted to cut the SEC's budget.

Schapiro also faced criticism over a key decision she made in response to the Madoff Ponzi scheme. Madoff had been arrested a month before Schapiro took over at the SEC in January 2009.

Schapiro allowed her general counsel at the time, David Becker, to help craft the SEC's policy for compensating victims. It was later discovered that Becker had inherited money his mother had made as a Madoff investor. Schapiro acknowledged in 2011 that she was wrong to have allowed Becker to play a key role in setting the policy.

The SEC's inspector general concluded in a report that Becker participated "personally and substantially" in an issue in which he had had a financial interest. Some lawmakers complained that the affair further eroded the public's trust in the SEC.

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Associated Press writer Jim Kuhnhenn contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-11-26-SEC-Successor/id-da5eac13335b420db2afeb648d7d3e8a

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Serbia seeks evidence against freed Croat generals

BELGRADE, Serbia (AP) ? Serbia asked U.N. war crimes prosecutors on Monday to hand over evidence against two Croatian generals whose convictions have been overturned, reigniting tensions between the Balkan wartime rival states.

Ante Gotovina and Mladen Markac were released this month by a U.N. war crimes court in The Hague, Netherlands, after it overturned their convictions for involvement in violence that drove thousands of Serbs from their homes and left hundreds dead during a 1995 Croatian military offensive known as Operation Storm.

In an unusual step, the Hague tribunal's chief prosecutor, Serge Brammertz, said at the time that his office was disappointed by the 3-2 ruling by the appeals judges.

On Monday, Serbia's war crimes prosecutors said they have asked U.N. prosecutors to hand over the evidence used during the trial of the two generals so they can consider whether to indict them in Serbia.

Gotovina and Markac are considered heroes in Croatia for their role in the 1991-95 war for independence from Serb-led Yugoslavia. Serbia has said it has opened its own investigation of war crimes committed during the offensive.

Croatian officials say they also will investigate the events, but not the two generals, who received state honors and a hero's welcome after being freed from detention.

Brammertz said recently that "evidence collected by my office will remain available to judicial authorities in the former Yugoslavia to facilitate national prosecutions for the crimes committed in connection with Operation Storm."

But legal experts say a retrial in Serbia or The Hague would only be possible if prosecutors find some dramatic new war crimes evidence against the two generals.

The U.N. judgment sparked fury in Serbia, where many see the tribunal as biased against them because the majority of the war criminals it has convicted have been Serbs.

Croatians viewed the acquittals of Gotovina and Markac as support for their claim that their nation was a victim in the Balkan wars.

Croatian President Ivo Josipovic said Serbia should not take out its anger at the U.N. court ruling on Croatia.

"The fact is that it is not Croatia that freed the generals, but that the highest legal authorities in The Hague decided that our generals are not guilty," Josipovic told Croatian state HRT television. "It's a matter of respect toward the international community and international law."

However, Serbian nationalist President Tomislav Nikolic reiterated that the judgment does not help reconciliation and jeopardizes his dialogue with Josipovic.

"It's not going well with Croatia," Nikolic told Belgrade daily Kurir. "He wants us to talk ? me as the president of a nation which has committed crimes, and him as the president of a nation which has not been convicted of anything."

"Croatians know that the crime committed during the Storm is awful, but they still celebrate because no one was convicted," Nikolic said. "They are a nation on a wrong path."

Despite the Serb anger, more than 6,000 Croats have joined a Facebook page in support of Gotovina ? a former French Foreign Legion soldier ? becoming the next Croatian president. The 57-year-old general has said he has no intention of pursuing a political career.

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Mike Corder contributed from the Netherlands.

Source: http://news.yahoo.com/serbia-seeks-evidence-against-freed-croat-generals-163703962.html

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Kelly Preston reveals late son's battle with autism | MNN - Mother ...

Kelly Preston is publicly speaking about the death of her son Jett Travolta for the first time, saying she believes there were chemical and environmental factors that may have contributed to his health issues.?

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The 16-year-old son of Kelly and actor John Travolta tragically died in 2009 after suffering a seizure and hitting his head on a bathtub. During a Nov. 21 appearance on the show "The Doctors," Preston says Jett was autistic, a condition she believes stemmed from his battle with Kawasaki disease as a child.?

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?I strongly believe as a mother, as does my husband, that there are certain contributing factors that lead to autism, and some of it is very much the chemicals in our environment and in our food," she says.

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Preston, 50, says her use of antibiotics while breastfeeding, coupled with environmental toxins, likely led to her son's compromised health. She adds that while Jett was on medication for his autism, healthy living instead of prescription drugs was the better regimen.?

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?"We would try all different things, and I felt when we were able to keep certain things at a bare minimum and do as healthy as possible, he did so much better," she says. "He was coming out of the autism."

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Preston and Travolta now lead an organic lifestyle with their two younger children, Benjamin and Ella, and strive to surround themselves with a healthy environment. In "The Doctors" episode, Preston tours the factory of Alternative Laboratories in an effort to empower parents about living a life free of chemicals.

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Check out a video clip of her appearance below.?

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Source: http://www.mnn.com/health/healthy-spaces/blogs/kelly-preston-reveals-late-sons-battle-with-autism

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HP hit with civil securities lawsuit over Autonomy deal

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Source: http://news.yahoo.com/hp-hit-civil-securities-lawsuit-over-autonomy-deal-195952897.html

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