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- Oregon's Bold Housing Loan Move 🏡
Oregon's Bold Housing Loan Move 🏡
Ryan Serkes
February 21, 2025
The
Daily Trade
Hey Daily Traders,
Oregon's new 0% loan program aims to tackle the rising housing costs by providing cities and counties with interest-free loans for affordable housing projects. This initiative is a significant step towards making housing more accessible for families earning less than 120% of the area's median income, with plans to finance thousands of units by 2025.
Block Inc. faces a challenging time as it deals with a securities class action lawsuit and substantial fines from state regulators and the CFPB. These legal and financial issues stem from allegations of overstating user numbers and inadequate anti-money laundering measures, casting a spotlight on the importance of compliance in fintech.
Here's what's happening today:
- 🏠 Oregon launches 0% loans for affordable housing.
- 💼 Block Inc. faces class action and fines.
- 📈 Colorado's tech industry is booming.
- 📊 Tampa ranks high in financial distress.
- 🇺🇸 Trump's Ripple posts stir crypto buzz.
Question
Do you think Oregon's 0% loan program will inspire other states to adopt similar initiatives to tackle affordable housing challenges?
Reply to this email with your answer
Real Estate  The state of Oregon has introduced a groundbreaking loan program offering 0% interest to cities and counties for the construction of new affordable housing. The initiative aims to combat the rising housing costs that have made it difficult for residents to afford homes near their workplaces. Governor Kotek emphasized the importance of this program in making housing more accessible to families earning less than 120% of the area's median income. With the Moderate Income Revolving Loan Fund, local governments can support developers in keeping housing prices within reach. The fund's revolving nature ensures that repaid funds are reinvested to support further housing projects. By July 2025, Oregon plans to finance 2,800 affordable housing units and provide infrastructure for over 25,000 units, addressing a critical need in the state's housing market. Key Takeaway
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Stock Market Block Inc. is facing a securities class action lawsuit and hefty fines following investigations that began with a critical report by Hindenburg Research. The report accused Block of overstating user numbers and failing to conduct adequate due diligence, which opened the door to potential illegal activities. These allegations have led to significant financial penalties from state regulators and the Consumer Financial Protection Bureau (CFPB). The CFPB fined Block $175 million for failures related to user fraud on its Cash App platform, while state regulators imposed an $80 million fine for issues with its anti-money laundering program. The ongoing legal troubles and regulatory scrutiny have negatively impacted Block's share price, prompting calls for affected investors to join the class action lawsuit. The situation highlights the importance of compliance and transparency in the financial technology sector. Key Takeaway
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Crypto  Colorado continues to emerge as a leading state for tech industry growth, according to the latest Colorado Tech Industry Report released by the Colorado Technology Association. The report highlights the state's thriving tech ecosystem, which ranks third in the nation for tech industry concentration. The association's president, Brittany Morris Saunders, emphasized the multiplier effect of tech investment, driving economic growth and creating ripple effects throughout the state's economy. The report underscores Colorado's competitive edge against other tech hubs, with projections indicating continued growth. The state's tech industry is not only keeping pace but also setting the pace for innovation and economic development. The findings are expected to guide strategic collaborations between government, education, and industry to further capitalize on Colorado's strengths while addressing challenges in affordability and infrastructure. Key Takeaway
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Stock Market  A recent study by WalletHub has ranked Tampa as one of the top cities in the U.S. experiencing financial distress. Tampa placed eighth on the list, with other Florida cities like Jacksonville, Orlando, and Miami also making the top ten. Financial distress is defined by WalletHub as having credit accounts in forbearance or deferred payments due to financial hardship. The study highlights the growing economic challenges faced by Tampa residents, with rising costs of living contributing to the financial strain. Experts advise those in financial distress to get organized with their expenses and consider options like debt consolidation or hardship programs. The findings underscore the need for targeted financial planning and support for individuals struggling to manage their finances in challenging economic conditions. Key Takeaway
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Crypto  President Donald Trump has stirred the crypto community with posts about Ripple on his Truth Social platform, sparking speculation about the implications for Ripple and its native token, XRP. The posts referenced a 'Trump effect,' which Ripple CEO Brad Garlinghouse credits for a surge in U.S. business deals following Trump's reelection. The so-called 'Trump effect' has reportedly led to a significant increase in Ripple's domestic operations, with 75% of new roles now based in the U.S. This shift is attributed to a more favorable regulatory environment under the Trump administration. While the XRP price has yet to react, the posts have drawn attention to Ripple's strategic positioning in the evolving crypto landscape. Key Takeaway
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Today's Technical Analysis
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Hold | ULTOSC Buy | STOCH Buy |
RSI Buy | MFI Hold | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Buy |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Hold | STOCH Sell |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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