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LOCAL NEWS
Written by Bradley Schlegel, Staff Writer
January 18, 2018

            Last week, the Upper Perkiomen School Board voted to limit the rate at which real estate taxes can be raised for the 2018-19 school year.

            On January 11, the members approved an Accelerated Budget Opt-Out Resolution that sets the limit at a 2.9 percent millage rate increase, the highest rate allowed by law.

            Dr. John Farris cast the lone vote against the resolution.

            In other news, the members voted to resume the process of borrowing the funds to construct the new middle school. Hofkin cast the lone vote in opposition of a motion to authorize the school district's financing team to proceed with borrowing $26.520 million through a general obligation bond.

            In 2016, the board received a loan totaling $9.615 million with a rate of 3.3 percent. This year, the district was awarded a ...



Written by Bradley Schlegel, Staff Writer
January 18, 2018

            A New Jersey developer has been awarded a federal grant to construct 71 units of mixed income housing at the the SOS Products Company building in East Greenville.

            In September, Ingerman/Genesis was awarded a total of $965,000 in federal HOME funds for the Willows at East Greenville, according to  Kaitlyn Foti, Montgomery County's press secretary.

            The money originated from the U.S. Department of Housing and Urban Development. The county serves as a pass-through entity, according to Foti.

            The HOME Investment Partnerships Program (HOME) provides formula grants to states and localities that communities use, often in partnership with local nonprofit groups, to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people, according to information posted on the agency's website.

            It states that the program is the largest federal block grant to state and ...



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