Business News
SACRAMENTO – Caltrans has released the 2018 State Rail Plan – a bold vision for state rail that aims to boost the economy, help reduce greenhouse gas emissions and improve safety statewide over the next 20 years.
“Rail is a key part of the solution for addressing California’s transportation challenges,” said Caltrans Director Laurie Berman. “In this Rail Plan, we lay out the goals and investment strategies necessary in both the short and long-term for improving access, mobility and efficiency for both our passenger and freight rail systems, while also making a major contribution to reducing greenhouse gas emissions related to the transportation sector.”
With a vision to increase passenger rail travel by 92 million passenger miles per day, the 2018 Rail Plan presents a plan for an integrated system that will allow passengers to easily and efficiently transfer from local transit services to regional, intercity and future high-speed rail.
The outcomes described in the Rail Plan will help California achieve its ambitious GHG emission reduction targets, boost the state economy, and potentially eliminate 250 fatalities and 19,000 transportation related injuries per year by 2040.
The passenger vision will create a coordinated, statewide travel system to enhance multimodal access for residents across the state. The vision will allow people to:
– Travel seamlessly across urban, suburban, and rural areas of the state with more trains to more places more often;
– Save time with significantly faster trips;
– Enjoy the journey on modern, safe, clean, and comfortable trains;
– Transfer quickly and easily at hub stations with coordinated arrivals and departures that significantly reduce wait times;
– And plan an entire door-to-door trip and purchase a single ticket using a streamlined trip-planning portal.
The freight vision provides a customer-focused system that will eliminate rail freight bottlenecks on transcontinental trade corridors by investing in dedicated rail freight capacity and passenger improvements that support rail freight movement.
The freight component also supports short line improvements, grade-crossing improvements at a corridor-level to address community safety needs, and integrating as much service as possible.
Caltrans worked extensively with state, regional, and local partners to develop a consensus vision that supports increased efficiencies and connectivity across the state.
The Rail Plan is available at www.californiastaterailplan.com.
“Rail is a key part of the solution for addressing California’s transportation challenges,” said Caltrans Director Laurie Berman. “In this Rail Plan, we lay out the goals and investment strategies necessary in both the short and long-term for improving access, mobility and efficiency for both our passenger and freight rail systems, while also making a major contribution to reducing greenhouse gas emissions related to the transportation sector.”
With a vision to increase passenger rail travel by 92 million passenger miles per day, the 2018 Rail Plan presents a plan for an integrated system that will allow passengers to easily and efficiently transfer from local transit services to regional, intercity and future high-speed rail.
The outcomes described in the Rail Plan will help California achieve its ambitious GHG emission reduction targets, boost the state economy, and potentially eliminate 250 fatalities and 19,000 transportation related injuries per year by 2040.
The passenger vision will create a coordinated, statewide travel system to enhance multimodal access for residents across the state. The vision will allow people to:
– Travel seamlessly across urban, suburban, and rural areas of the state with more trains to more places more often;
– Save time with significantly faster trips;
– Enjoy the journey on modern, safe, clean, and comfortable trains;
– Transfer quickly and easily at hub stations with coordinated arrivals and departures that significantly reduce wait times;
– And plan an entire door-to-door trip and purchase a single ticket using a streamlined trip-planning portal.
The freight vision provides a customer-focused system that will eliminate rail freight bottlenecks on transcontinental trade corridors by investing in dedicated rail freight capacity and passenger improvements that support rail freight movement.
The freight component also supports short line improvements, grade-crossing improvements at a corridor-level to address community safety needs, and integrating as much service as possible.
Caltrans worked extensively with state, regional, and local partners to develop a consensus vision that supports increased efficiencies and connectivity across the state.
The Rail Plan is available at www.californiastaterailplan.com.
- Details
- Written by: Caltrans
SANTA ROSA, Calif. – Local not-for-profit Community First Credit Union has crafted a new real estate loan to help local residents purchase lots burned out during the recent firestorms.
The funding allows them time and money to pursue plans, permits and people to rebuild on the property.
Lot loans are hard to find, as not many lenders offer such products. The scant offerings usually come with high interest rates and short terms with which to pay back the loan.
“Rebuilding isn’t easy,” said Monika Besancon, chief lending officer at Community First. “Getting plans and permits can take many months. Additionally, with such a critical shortage of contractors and construction crews, it could take years before everything is hammer-ready.”
Community First’s Lot Loan is a much-needed precursor to an additional and subsequent construction loan.
Only upon completed construction would the rebuilt home then qualify for a traditional final mortgage – which would then pay off the lot and construction loans.
To keep the interest rate low on its Lot Loan, Community First amortizes payments over 30 years, much like a traditional conventional mortgage.
To give residents who are rebuilding enough time to round up all plans, permits, and construction contracts, Community First doesn’t require full repayment of the loan for 15 years.
“Sadly, more than 8,000 homes were destroyed in our market area in October of last year. In this current month, the Mendocino Complex Fire has destroyed another 140 homes. We felt we needed to do something to help the communities we serve rebuild, and to get families back to their homes. This 30-due-in-15 Lot Loan is the financial kick-starter that does just that,” said Besancon.
For more information visit https://www.comfirstcu.org/.
The funding allows them time and money to pursue plans, permits and people to rebuild on the property.
Lot loans are hard to find, as not many lenders offer such products. The scant offerings usually come with high interest rates and short terms with which to pay back the loan.
“Rebuilding isn’t easy,” said Monika Besancon, chief lending officer at Community First. “Getting plans and permits can take many months. Additionally, with such a critical shortage of contractors and construction crews, it could take years before everything is hammer-ready.”
Community First’s Lot Loan is a much-needed precursor to an additional and subsequent construction loan.
Only upon completed construction would the rebuilt home then qualify for a traditional final mortgage – which would then pay off the lot and construction loans.
To keep the interest rate low on its Lot Loan, Community First amortizes payments over 30 years, much like a traditional conventional mortgage.
To give residents who are rebuilding enough time to round up all plans, permits, and construction contracts, Community First doesn’t require full repayment of the loan for 15 years.
“Sadly, more than 8,000 homes were destroyed in our market area in October of last year. In this current month, the Mendocino Complex Fire has destroyed another 140 homes. We felt we needed to do something to help the communities we serve rebuild, and to get families back to their homes. This 30-due-in-15 Lot Loan is the financial kick-starter that does just that,” said Besancon.
For more information visit https://www.comfirstcu.org/.
- Details
- Written by: Community First Credit Union
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