The OC Realtist Magazine October 2018

Octo b er 2 01 8 Vo l . 0 4 | I ssue 8

DID BLACK BUSINESS OWNERSHIP DROPPED BY 400%?

ORANGE COUNTY NEW BILLS

ANAHEIM HOMELESSNESS PROPOSAL

CONTENTS: Commercial real estate Office Space in Orange County remains strong as more inventory is added (pg. 8)

Residential real estate

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Eric Lawrence Frazier, MBA President and CEO Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 Eric.Frazier@ThePowerIsNow.com www.thepowerisnow.com www.blogtalkradio.com/thepowerisnow

EDITORIAL TEAM Eric Lawrence Frazier MBA Editor in Chief (800) 401-8994 Ext. 703

Daniels George Managing Editor Executive Director of Publishing (800) 401-8994 ext. 712 kim.collier@thepowerisnow.com

Goldy Ponce Graphic Artist (800) 401-8994 ext. 711 goldy.ponce@thepowerisnow.com

Rental market in Orange Countyis up, but Irvine continues to experience a slowdown (pg. 11) How much does it cost for a house in Orange County?

Median house prices surpasses $1 million (pg. 14)

Job market California job market remains strong while Orange County jobs drop significantly (pg. 18)

On the cover Hilda Kennedy , about AMPAC TRISTATE CDC (pg. 22)

Black business ownership Is it true that black business ownership dropped by 400% under Trump’s administration? (pg. 26)

Homelessness in Orange County Anaheim looks at homelessness shelter proposal to address impacts on parks, streets, and neighbourhoods (pg. 30) A new dawn for Orange County may be coming! (pg. 36)

Finance News Anaheim ends Disney tax incentive by request of the company (pg. 40)

CONTRIBUTORS Orange County Realtist Research Team

Horiba group to fund the advanced power and energy program from the UCI (pg. 44)

The Orange County Realtist Magazine is an online and eZine publication of the Orange County Realtist a Chapter of The National Association of Real Estate Brokers® (NAREB).

The magazine is published and distributed by the publishing division of The Power Is Now, Inc., and has ten sections focused on the real estate market, economics in Orange County and the Realtist members who serve the community. The mission of the OC Realtist Magazine is to educate consumers and real estate professionals about the opportunities to buy or sell real estate in Orange County and to spotlight professional real estate agents who are Realtists.

The magazine is free and is distributed by email and online to members of our local chapter and NAREB chapters nationwide.

Over 30 thousands real estate professionals in Orange County, our state, federal and local city political representatives in each of the 34 cities in Orange County, non-profit housing organizations, church leaders in Orange County, and many affiliates of our chapter -OC NAACP, OC Black Chamber, OC 100 BMOC-and others will receive the magazine.

In addition, our own email list of consumers is growing daily through our community outreach. The list will continue to grow due to the importance of homeownership and the strong support we have in the community to help others achieve it. We want the magazine to be of great value to our members, an excellent resource for our community, and a tremendous value to our advertisers as an affordable marketing strategy to a target consumers interested in real estate as a home or investment.

The Orange County Realtist magazine will also provide free advertising to non-profit organizations, and community organization that support the welfare of the citizens of Orange County and are affiliates of the OC Realtist.

november 2017 issue

The Digital Online subscription launched April and continually provides the best of the Orange County Realtist Magazine in an alldigital format. With the Orange County Realtist Magazine, readers can have access to archived issues as well as current content online. Videos, online radio, webinars and other events provided by the OC Realtist will be available to empower its readers with information to achieve the American Dream.

The OC REALTIST MAGAZINE - The American Dream The Orange County Realtist Magazine features articles about real estate in Orange County and informational interviews with local and national community leaders, real estate agents, banking and investment professionals, and community.

The Orange County Realtist Magazine also provides consumer focus content about buying and/or investing in real estate, financing real estate and maintaining and protecting real estate as an asset for years to come. The magazine’s focus is on all aspects of buying and/or selling real estate from a consumer’s perspective because it is still the American Dream.

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Departments 1.

2.

3.

4.

5.

6.

OC Real Estate Market OC Real Estate Resources OC Real Estate Investing OC Realtist Spotlight OC Real Estate Financing National Association of Real Estate Brokers News 7. California Association of Real Estate Brokers News 8. OC Realtist President’s message 9. OC Real Estate Business and Economic 10. OC Real estate laws and legislation

Cover and Feature story profiles: The OC Realtist Cover will never be sold as it will be our way of recognizing Realtists in

Orange County and all over the United States who exemplify the Realtist spirit. The online magazine and eZine will have 10 sections for various articles under the OC Realtist theme: OC Real Estate Market, OC Real Estate Resources, OC Real Estate Investing, OC Realtist Spotlight, OC Real Estate Financing, National Association of Real Estate Brokers News, California Association of Real Estate Brokers News, OC Realtist President’s Message, OC Business and Economics, OC Real estate Laws and Legislation. The writers for each department will be industry professionals who are practitioners in their field of expertise. They are industry professionals who can provide advice, and information to make decisions that will enable consumers achieve the American Dream.

Statement of Copyright: The OC Realtist Magazine TM is owned and published electronically by The Power Is Now Inc. The Power Is Now Inc. has entered into joint venture with the OC Realtist for the design, publication and distribution of the Magazine.

Copyright 2013-2017 The Power Is Now Inc. All rights reserved. The name Orange County Realtist is a trademark of the Orange County Realtist Inc. A chapter of the National Association of Real Estate Brokers.

“The PIN Magazine and distinctive logo are trademarks owned by The Power Is Now Inc.“ThePINMagazine.com” is a trademark of The Power Is Now Inc. “Magazine.thepowerisnow.com” is a trademark of The Power Is Now Inc. “Thepowerisnow.com” is a trademark of The Power Is Now Inc. “The Power Is Now Event Management” is a trademark of The Power Is Now Inc. “The Power Is Now Radio” is a trademark of The Power Is Now Inc. “The Power Is Now Publications” is a trademark of The Power Is Now Inc. “The Power Is Now Radio Guide” is a trademark of The Power Is Now Inc. “The Power Is Now VIP Agent Program” is a trademark of The Power Is Now Inc. “The Power IS Now Power Consulting/Coaching” is a trademark of The Power Is Now Inc. “The Power Is Now Association Management” is a trademark of The Power Is Now Inc. No part of this electronic magazine or website may be reproduced without the written consent of The Power Is Now Inc. Requests for permission should be directed to: info@thepowerisnow.com

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Editor’s Letter

D

ear Esteemed Readers,

October is here, soon, we are going to bid good-bye to 2018. I have to admit that the year so far has been good but what makes it better is the fact that fall is here. Fall is my favorite season! It reflects of the old while welcoming the new. The OC realtist fraternity is looking to finishing out the rest of the year stronger and even more vibrant. As we continue to grow, we want to remind you that we are committed to making sure that our growth is streamlined towards changing homebuyers into homeowners.

Good news is that the OC Realtist Fall Mixer 2018 is finally here. Join us on October 18th at the Craftsman, Anaheim and get a chance to meet and interact with our newly elected President Christina Kimble. Also, meet Black NOC President Donald Drake as well network with community leaders and business professionals. Lastly, you will learn more about the national Association of Real estate Brokers.

The 11th Annual Faith-Based Small Business Summit will be happening on Thursday, October 11th at the Riverside Convention Center. This year’s theme is “Business Fundamentals for your Business for your Non-Profit for your Church…

For All.” The summit seeks to educate business people the ways of connecting faith and business and the various ways through which these connections provide winning results. Attending the summit will also allow you to meet and connect one-on-one with industry experts sharing success tools and capital access, sales, marketing, social media and business cash flows. More to that, you will get a chance to celebrate with the Connecting Faith & Business Award Winners.

Be sure to also attend the First Annual Soulful Music and Festival sponsored

by The Power Is Now happening at the Drinx Bar and Gril in Lakeport California on Saturday, October 13th. The event will feature music by the legendary Andre Williams and Friends. Come learn, connect and enjoy good food, good wine and good time!

If there is one thing you can be sure of is that all these events are one of a kind learning and networking experience on the real estate realm. Stay tuned to The Power Is Now Facebook Live Shows to learn more about these events happening this month.

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In this month’s issue of the Oc Realtist Magazine, we take a look at the Orange County job market. As the statewide job market proves strong, Orange County job market is continuing to shrink. This issue will explain why this is happening in details. In addition, we’ll delve deeper on the homelessness proposal by Anaheim to reduce the overgrown menace of homelessness in the county. In other news, elections are just a month away, we’ll take a look at the November election and how these elections will affect the Orange housing market and the state in general.

Since his ascension in power, has the black business ownership improved? Trump has made claims that under his administration black businesses have improved statewide when compared to his predecessor, President Obama. To what extent are these claims true, if indeed they are? This is a topic that will continue to inspire heated debate all over the country and in this issue, we will explain to you why we think that Trump’s administration has done nothing but to crash Black business ownership in the country.

Just how expensive can Orange County be? Well, we all know that over the last

decade, home prices not only in Orange County but all over the country have been rising. Median house prices in Orange County surpasses record highs and we will show just what you need to get a home in Orange County.

Lastly, October is the Breast Cancer Awareness Month. Please take time to do your part to support our amazing mothers.

We are the cure by staying aware and doing our part from the sidelines.

Thank you for your continued support and leadership. Our team is always dedicated to you. We want the best from you and therefore we are committed to bringing the best from us. Please take a moment to share this magazine. Knowledge is power and as always, The Power Is Now. Have a prosperous month.

Christina Kimble CEO Orange county Realtist

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COMMERCIAL REAL ESTATE

Office Space in Orange County Remains Strong As More Inventory Is Added

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strong tenant demand for office spaces in 2017 leads to an overall positive net absorption all through 2018. However, a slow construction rate and the continued uptick in the sublease availability calls for cautiousness as we progress into the year.

Commercial real estate in Orange County forecast The commercial rental spaces in Orange County continued to show its growing demand all through to the end of 2017. There was a positive net growth and a strong absorption rate of 306,000 SF in the Q4 of 2017 and 492,000 SF for 2017 alone.

However, the absorption rate slowed dramatically, causing a mild tension, from the prior 12-month period, largely because of the new construction in the area.

As the landlords continued to capitalize on the strong tenant market, the asking rental rates saw a modest rise from the previous quarter, a quite a stunning 4.2% rise from the previous year.

There are about 5923 offices spaces and commercial real estate spaces available for lease in Orange County.

The County, continues to be a favorite destination for local businesses searching for office spaces. Perhaps business prefer setting up their offices in Orange County because over the years, the county has shown promising signs of a thriving economy, favorable weather, 40 miles of coastline and endless opportunities for outdoor activities. Orange County attracts a diverse range of businesses and entrepreneurs with over 3 million

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residents.

There is no doubt that the office market in Orange County continues to outperform its expectations. Despite the overall strong market, certain submarkets in the county have performed better than others. Specifically the Airport Area recorded a slight increase to $2.86 in the Full Service Gross (FSG). In addition, the area saw 638,000 SF of new construction deliveries and a net absorption loss of 459,000 SF. What this means is that, more space was added into the market than the space taken for leasing.

High-priced inventory to enter the market The effect aforementioned phenomenon is likely to result in new high-priced inventory entering the market as opposed to the actual appreciation of all the existing assets. Several projects in the area are severely increasing and distorting the average rental rate. However, there are still some competitive deals for the tenants elsewhere.

The south county is a good example to highlight. The area had 1.438 million SF of the new deliveries with a rather stunning net absorption of 322,000 SF and a flat rental rate at $2.65 FSG. A positive net absorption rate and the rising rental rates are two necessary conditions that must be there as a signal of the market strength. However, these are not at all sufficient and must be considered in the context of a broader market as a whole. While the county registers a positive net absorption rate, there was a significant amount of new construction in 2017 and the ripple effects can be felt all through to 2018. This has resulted in increased vacancy rates signaling a softening real estate market.

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Still, Orange County is below the booming development cycle A combination of strong demand and the lack of supply brings about a discrepancies in the market, fueling the developers race to bring new product to the market. This positive developer sentiment and the market optimism has materialized injected into the market 1.1 million square feet of new construction (Q4 2017) and an additional 1.5 million are currently under construction and expected to be delivered in Q3 2018.

Despite there being a relatively significant amount of new construction hitting the market at the moment, Orange County is still below the prior booming development cycles. What is being constructed currently represents 1% of the regional building inventory. If the absorption rates continue to increase, Orange County could be far from what most people thing – being overbuilt.

Proceeding further, the market needs to be somewhat cautious. As the year 2017 was ending, there was an increased sublease space take up. The available sublease office space increased to 900,000 SF in Q4. This represents 4 straight quarters of increased sublease space. Increasing the amounts of sublease space can indicate a softening market if it is a result of more companies downsizing. However, it can also be as a sign of a strengthening market if it is the result of companies growing exponentially and needing space to expand into larger space.

References http://hughesmarino.com/orange-county/ blog/2018/01/18/strong-tenant-demand-in-orangecounty-continues-2018-developers-race-to-keep-up/ https://buffalonews.com/2018/01/28/commercial-realestate-is-hot-but-retail-is-not/

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?

STILL

LOOKING LET ME HELP YOU

BUY OR SELL!

SYLVIA YOUNG BROKER DRE # 01039092 O: (800) 401-8994 X 734 | D: (510) 821-2599 SYLVIA.YOUNG@THEPOWERISNOW.COM WWW.THEPOWERISNOW.COM

RESIDENTIAL REAL ESTATE

Rental Market in Orange County Is up but Irvine continues to experience a slowdown

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he national average rent climaxed reaching alltime highs of $1,409 in July 2018 year over year higher by 2.8% and 0.2 percent ($3) month over month, according to data by Yardi matrix1. In almost 88 percent of the nation’s biggest 252 cities, the rents rose significantly and stayed flat in 11 percent of the cities and in orange county, the average rent for an apartment reached $2,046 in July, this represents a 2% increase from the same period last year.

The Irvine market saw an almost 1% slowdown in the rent growth due to the 1730 new property units delivered last year and 700 units in 2016.

Currently, the average price for an apartment in Irvine is $2,354. There has been an influx of new apartments in the county and despite that, new demand for rentals and prices continue to rise. The national average rent in July was $1,409 up by 2.8% year over year. Almost 283,000 new units nationwide will be expected to come onto the

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highway in irvine, california market this year.

Increased activity in the region are offsetting the wave of new apartment backed up by a seasonal demand and so far this year, the region has more apartments opened which translates into an even, but a more moderate strong yearly growth across apartments of all sizes. This year alone, other regions such as; Los Angeles, Long Beach and Anaheim are expected to deliver to the market 11,499 new units. The average rent in the County of Los Angeles is $2,389, which represents a 4.64% jump from the previous year.

A two-bedroom apartment in Newport Beach costs renters $3,148, which perhaps is one of the places in Orange County to see the highest rent hikes. An average price for an apartment in Newport Beach is valued at $2,723 rising 4.1% year over year.

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Some other ma jor markets to watch out for include Anaheim, Costa Mesa and the Huntington Beach which saw rents go up by 1% to 4%. From the previous year, Anaheim market recorded a 4% increase in average rents to record $1,745.

Costa Mesa also recorded a 3.6% jump to a new record of $2,040 and lastly, Huntington Beach average rents for all the apartments is $2,014 which is a 1.2% increase.

Sources: https://www.bisnow.com/orangecounty/news/multifamily/ report-irvine-rental-marketslightly-down-but-orange-countytrends-upwards-91460 https://www.rentcafe.com/blog/ rental-market/apartment-rentreport/rentcafe-apartment-marketreport-july-2018/ https://therealdeal.com/la/issues_ articles/divine-irvine/

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HOME SECURE DOWN PAYMENT ASSISTANCE PROGRAM

Thousands of people each year dream of becoming homeowners. The Home Secure Down Payment Assistance Program may help that dream become reality.

• This homebuyer assistance program currently provides low to- moderate income families and individuals with a 3.5% Grant* that does not have to be repaid. The grant can be used towards down payment or closing costs. If their income exceeds 115% of the HUD Area Median Income then a silent second loan will be made instead of a grant that can be forgiven if payments on the 1st mortgage are made on time for 3 years. *Grant approval is determine by many factors including your FICO Score. Minimum FICO score is 620. Silent second loan forgiveness subject to 3 years of on time payments and other program guidelines/ limitations.

• Many times this allows homebuyers to purchase a home much sooner than they thought possible. The Home Secure DPA Program is available for the purchase of an owner-occupied single, duplex, triplex or fourplex family residence, approved condominium, or planned unit development located in the state of California.

• The program is available for purchases of both new and existing homes and is NOT limited to first-time homebuyers.

Contact me for more information: ERIC LAWRENCE FRAZIER MBA CA DRE: 01143484 | NMLS 461807 The Power Is Now Inc. CalDRE: 1980407 | NMLS 1435243 Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: (714) 361-2105 | Office: (800) 401-8994 ext. 703 The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Department of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Department of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Department of Real Estate license #01143484). Restrictions may apply to all loan programs.

The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

RESIDENTIAL REAL ESTATE

How much does it cost for a house in Orange County? Median House prices surpasses $1 Million

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range County is just unbelievable! According to data by Corelogic, the median selling prices of a newly constructed home surpassed $1.06 million which represents a 24% rise compared to a year ago. What is happening? If the price was to hold for a full month, possibly Orange County would have broken the record high of $1.04 million set in July.

There is a hunger in Orange County because even as the price shot up, that did not scare people, apparently, the seven-figure price did not shake people off, 326 homes were sold for the period ending August 8.

Statistically, Orange County has been showing signs of a fast rising housing market. The new home median price hit $250,000 in 1999. Fast forward to 2018, the figure had already doubled to $500,000. Five years later we are looking at new home median

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prices surpassing $1 million.

But could it be that Orange County homebuilders are trying to clear the market off the largest supply of the completed new homes in 12years? According to a separate study by Metrostudy, the local builders in the Orange County had 1,022 new constructed residential units ready for the immediate sale in Q2. Compared to the previous year, this was up by 50%.

“Standing inventory is not being absorbed as quickly by the market, due primarily to the growing share of luxury finished vacant inventory,” says Metrostudy analyst Drew Rodenbucher.

“There is an enormous amount of pent-up demand below the $500,000 price point.” However, there are few new homes below that price.

You will also note that the county finished-vacant inventory priced above $800,000 which accounts about 70% of the total inventory. The highly priced inventory will continue to have a slow absorption rate in the market since the mortgage rates are on the rise and the incomes are stagnating.

The overall purchase of homes in the county went down 5.9% in a year. There were 3,217 purchases, in 28 ZIPs of the 83 ZIPs purchases shot up; cost cited as a primary factor in the purchase behavior. The overall countywide median was $737,500 which was up 7.1% in just a year. In almost 65 ZIPs, the prices were up.

Even though the prices for homes in the county seems to scare most people, the builders’ share of all the homes sold in the county rose 10.1 percent up 0.3 percent a year ago. Perhaps a possible explanation for this would be that the resales of the existing single-family homes fell 3.8% in the past year.

Sources; https://www.ocregister.com/2018/08/05/16-orange-county-zip-codes-nearly1-in-5-have-million-dollar-median-housing/ https://www.ocregister.com/2018/09/10/orange-countys-new-home-medianselling-price-is-1-06-million/ http://www.latimes.com/business/la-fi-home-prices-20180124-story.html#

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THE REALTIST YOU CAN TRUST! Serving the city of Vallejo and surrounding areas.

LANISE SPANN CalBRE# 01800507 Direct: 707 297-0398 Office: 800-401-8994 ext 713 E-mail: lanise.spann@thepowerisnow.com

MOVING ON TO YOUR IDEAL PROPERTY?

CALL ME !

U O Y P L E H N I CA NICOLE BURNS Realtor BRE # 01359705 Office: 800-401-8994 x 712 Direct: 323-385-8940 Email: nicole.burns@thepowerisnow.com Website: www.thepowerisnow.com

JOB MARKET

CALIFORNIA JOB MARKET REMAINS STRONG WHILE ORANGE COUNTY JOBS DROPS SIGNIFICANTLY

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ith constantly shifting demographics, the economics of Los Angeles are hard to pin down. Most people who work in the arts also participate in other sectors of the economy like manufacturing, business and hospitality. The Los Angeles creative economy includes museums, theaters, entertainment, fashion and design.

New salaried jobs, especially the fiercely competitive entertainment industry and other creative professions are hard to come by leading to high unemployment rate. Within the county of Los Angeles industries with the largest employment sectors include trade, transportation and utilities.

Rising Unemployment Joblessness rose to 4.2 percent in July from 3.8 the month before. But that was for a good reason: new job-seekers turned out by the thousands; either because they just graduated from high school or college, or because they were lured by an improved economy. That meant a jump of 7,000 people who were counted as unemployed, for a total of 67,000. Orange County lost 10,000 jobs in July while California added 46,700, according to the state’s Employment Development Department. Orange County’s unadjusted unemployment rate fell to 3.2% in July, down from a revised 3.3% in June and below the 3.9%reported a year ago, the Employment Development Department said in a statement. California’s unemployment rate was 4.4% and the U.S. rate was 4.1%. The most recent July numbers for the county, state and the U.S. aren’t seasonally adjusted.

Job Growth and Salaries In California California’s hiring spree equaled a 19% growth rate in 2011-17, No.7 nationally (Utah was No. 1 by this metric) and outpacing the average 12% hiring pace among other states. Private employers in the state paid on average $1,354 weekly wage in 2017’s fourth quarter -26% higher than

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other states. California wages rose 23% in 2011-17, the No. 2 hike nationally (Washington State was No.1).

Why Does Orange County Jobs Drops Significantly?

INEQUALITY IN ORANGE COUNTY The county has the lowest high school dropout rate in California-5.4%. Orange county’s largest employer and self-branded as “the happiest place on earth.

“But they are more likely to drop out of school than for instance students in Los Angeles. More than 15% of orange county residents lack a high school diploma.

And drop outs are “more likely to be single parents, unemployed and incarcerated,” A WORKFORCE HOUSING CRISIS As a severe shortage of new homes forces up prices, 43% of county residents remain renters, higher than the national average. That percentage has grown every year. Meanwhile orange county rents have risen by 34%, reaching a high of $2,114in 2017.

E-TAIL REVOLUTION Orange County’s luxury shopping centers-south coast plaza, Fashion Island and Irvine spectrum-attract visitors from around the world. But retail employment in the county has yet to recover. Retail remains one of the largest sectors but numbers of jobs dropped by nearly 10%, to 152,000.

With unemployment number slow, it can be frustrating when you haven’t landed a job and friends keep asking why. Maybe it’s time to expand your search and try new opportunities which may lead to better career.

References: https://www.ocbj.com www.ocregister.com

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Ready to buy or sell?

Let me help you!

LEON TOWNSEND III MBA, Green and Notary Public DRE # 01979416 Phone: (800) 401-8994 x 733 Direct: (626) 372-9374 Email: leon.townsend@thepowerisnow.com Website: www.thepowerisnow.com

Helping Families Make the Right Move!

Danon Burnside Cal BRE # 01835853

Real estate Agent

Realtor | San Bernardino O: 800-401-8994 x 724 D: 951-205-5796 danon.burnside@thepowerisnow.com www.thepowerisnow.com www.applytobuynow.com

Hilda Kenn

ABOUT AMPAC TRISTATE

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f you are a small business owner or an entrepreneur, you probably have heard about Ampac tristate CDC. And chances are, you have met Hilda Kennedy, even if not in person!

Ampac is a non-profit certified lender of the U.S. Small Business Administration (SBA) on a mission to finance the growth of small businesses through personalized services and advocacy in utilizing SBA resources. In seven years, AMPAC has funded over 135 businesses with greater than $200 million in loans, creating more than 1500 new jobs throughout the state of California.

“Our Vision is to say YES to promising business owners at all stages of growth and to give second chances when others wish they could” In fact, if you look at the statistics closely, you will realize that AMPAC has helped so many businesses hit the ground running making it a ‘business champion’ in the county. AMPAC, remains determined about financing and fostering the success of business at all the stages of growth to positively

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impact the region, the state and the nation for economic development and job creation. If you look at the success of AMPAC and the impact it has on the county, you have to wonder, who is the brain behind AMPAC? Well, a woman of power is! Hilda Kennedy.

Who is Hilda Kennedy?

Hilda Kennedy is nothing short of a genius! Hilda is the Founder & President of AMPAC Tri State Certified Development Company (CDC) in Grand Terrace, California. AmPac is the SBA’s first faith based certified lender in the country. AmPac Tri State CDC is a member of the National Association of Development Companies (NADCO), a Board Member of the Risk Management Association – Inland Empire Chapter, Past President, National Association of Women Business Owners – CA – Public Policy Director; National Association of Women Business Owners – inland Empire, and has strong relationship with a number of banks , investors and non-traditional lenders.

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nedy

E CDC

ON THE COVER: HILDA KENNEDY

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But how did Hilda get involved in REAL 504 Lending?

Hilda was involved in the community development on local government level.

She worked as Economic Development Director in the City of Inglewood – an underserved community in Los Angeles County. “The number one reason business owners come to our offices is to find capital resources for their businesses since they could not access traditional capital from the neighboring banks.”

As an Economic Development Director, Hilda used HUD programs to create direct loan programs which promoted job creation and retention, however, the funds were limited. When Hilda left the city, she wanted to engage the SBA program to create direct lending opportunities in underserved communities and utilize the faith-based community as a marketing area to engage such businesses.

Ms. Kennedys’ Educational background Ms. Kennedy graduated from the University of California at Berkeley with a degree in Psychology and completed a post-graduate fellowship with Coro Foundation in New York City, New York.

Kennedy and her Coro Foundation completed a study for D.C staffers on how the U.S can provide quality, affordable health care to all Americans.

How does CDC pursue its economic development goals?

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Ampac pursues its economic development goals as a member of local Chambers of Commerce, as well as ethnic chambers of commerce. It also engages in faith based lenders and work within the faith-based network parameters. The company also actively involved in community boards and community groups.

Invol vement in the local government Ms. Kennedy spent twelve years working in the local government and community lending. As the Director of Economic and Business Development for the City of Inglewood, Ms. Kennedy established and implemented a $45 million loan fund with funds from Federal home Loan Bank of San Francisco member banks. During her tenure in Inglewood, she also served as the chief of Staff to the Staff to the Mayor of the Inglewood and the City Administrator; and as the City’s Public Information Officer where she was involved in coordinating Citywide events.

Recognition Ms. Kennedy was named Woman of the Year by Senator Gloria Negrete McLeod, was elected as Women in Business Champion by the U.S. Small Business Administration, served on the U.S Small Business Administration council on Underserved communities; received the NAWBO ANITA; and has been recognized by countless other organizations.

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MOVING ON TO YOUR IDEAL PROPERTY?

CALL ME I CAN HELP YOU! TIANA OWENS Realtor CalDRE # 01998032 Office: (800) 401-8994 x 704 Direct: (949) 393-8020 Email: tiana.owens@thepowerisnow.com Website: www.thepowerisnow.com

BLACK BUSINESS OWNERSHIP

IS IT TRUE THAT BLACK BUSINESS OWNERSHIP DROPPED

BY 400% UNDER TRUMP’S ADMINISTRATION?

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recent survey indicate that black business ownership jumped by 400% under Trump’s Administration.

However, earlier reports indicate that Trump’s administration has done nothing but to stumble upon the hopes of many black community businesses and entrepreneurs.

protesters in most of his rallies, the republican frontrunner says that Trump’s administration would do a great job for the Black Community, much better that the previous administration.

An article by Bloomberg notes that one in five black American gets a real chance for a job under Trump’s Administration compared to one in three under Obama. There are claims that jobs for the Black Americans have tripled under Trump’s administration. Discrediting claims, the article notes this is nothing short of refuting the perception that Trump is racist. But has the condition for Black Americans under Trump improved?

You will note that 58% of the African – American youths have no jobs. More saddening is that African – Americans in their prime 30 – 50 years are way behind. With the recession, the Black community was the most hit. The post –recession recovery made the condition even worse for the minorities. The blacks and the Hispanics lost a huge share of their wealth during this period as more of their wealth was tied up to housing. More to that, Blacks continue to face a stagnating wages and incomes just like other Americans.

Truth is, even though Donald Trump has repeatedly been called a racist by the

november 2017 issue

Let’s get statistical

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Unemployment rates among the Black teens during Obama’s tenure in office dropped by more than half from its high turning point.

Unemployment spiked to as high as 48.9% during this period. Under Trump, the rates have bounced back and recovered along with the rest of the job market.

However, getting factual, you’ll realize that Trump’s figures for the African-American youth unemployment may be a little extrapolated from the employment to population ration.

400% under racist Donald Trump!”

Another, The Gateway Pundit, published “On Thursday Trump’s approval with African Americans jumped again to 36%” Another version of the same façade was published by the website – Think Americana, but the story has been flagged as part of Facebook’s efforts to combat fake news and misinformation on its news feeds.

Trump’s perceived 31% approval rating But did businesses improve?

Trump, on numerous occasions has blatantly pointed to a low African American unemployment rates throughout his presidency, calling them the lowest rates to ever be recorded in the country. There is no doubt about that, and it is true that the rates have declined quite significantly. The AfricanAmerican unemployment rates have been decreasing gradually from the time they last peaked at 16.6% in 2010.

But a 400 percent jump? Really? the figure seems quite suspicious. The claim comes from a 2017 client email survey that was conducted by two private companies and was focused on small businesses. What’s interesting is that, the aggregated findings from the survey was posted on the companies’ websites in January and do not in any way reference the president.

The controversial approval rating originates from a recent poll by the Rasmussen Reports4 and was later updated to 36%. Interestingly, if you are a pollster follower, you will note that Rasmussen reports have consistently had higher approval ratings for Trump than most pollsters. The only logical explanation for this is that, all the truths have been fabricated in a way to favor Trump’s public image.

Guidant financial and LendingClub Corporation sent out an email to their clientele nationwide and as a result, they received responses from about 2,600 of their current and budding entrepreneurs. Both the companies made the records public as general articles5 about the survey on their website. This, the companies did without disclosing distinctions about race or ethnicity. However, 47% of the budding entrepreneurs surveyed were from the minority groups.

It was just a hype by bloggers Conservative bloggers took to social media and linked the survey results to Trump. Let’s sample some of these examples; A conservative website, Maven Round Table, published an article “Black Owned Business Explodes

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Where does the 400% come from?

The 400% increase in Black Business ownership claim does not come until later when a subsequent info infographic is published on Guidant’s website. Up until this date, it is not clear how the companies twisted the data to arrive at 400% jump. Funny enough, the companies never published African-American respondents with businesses.

The data should not be trusted. It was subjective and not at all random. The response was voluntary and the margin of error hidden from public light. It is interesting that the infographic published on the website relied on the same survey data, posted on January. Also, note that the methodology that the companies provided never broke down the respondents by race, only claiming that the minorities accounted for 47% of aspiring entrepreneurs who responded.

One company, PolitiFact contact the company about the ‘400%’ claim. Two days later, the graphic was pulled out and was replaced by a new one, but this time, the graphic posted never had any mention of a 400% increase.

“We have found that the 400% statistic is being misrepresented in its context and therefore we have decided to pull that statistic from our info graph,” public relations consultant for Guidant Stacia Kirby said in an email. “Our mission is to help people get started and funded in owning their own business.”

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• Learn about the Housing Crisis in California • Learn about the Wealth Gap for Minorities • Learn about State of California Housing Finance Agency Programs • Learn about Zero Down Payment Programs • Learn about buying land & building a home with zero to low down payment Government financing • Learn how to buy a 4 unit apartment building as a first time home buyer • Learn about partnership strategies to buy your first home with friends and family • Learn about special financing programs for teachers and HUD Home for Sale

So far, no reports whatsoever has been published to indicate an increase or decrease in Black Business ownership in the country from 2017 to 2018.

References: https://www.blackenterprise.com https://www.guidantfinancial.com https://www.afrosugar.com https://www.washingtonpost.com https://www.politifact.com/punditfact/statements/2018/ aug/27/blog-posting/black-business-ownership-didntincrease-400-percen/

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The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

HOMELESSNESS IN ORANGE COUNTY

ANAHEIM LOOKS AT HOMELESSNESS SHELTER

PROPOSAL TO ADDRESS IMPACTS ON PARKS, STREETS, AND NEIGHBORHOODS

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omelessness in California has blown out of proportions! And officials from 3 cities in Orange County – Anaheim, Huntington Beach and Santa Ana – have come up with a blueprint to the already ‘deeply rooted’ problem in the county.

Sweet as it may seem, to some… this is bad news, but how bad is it? Well, bad enough for the locals to reject these facilities! What’s the deal Orange County residents? If the issue goes on unresolved chances are, Orange County may be turning into a corner where homelessness breeds1.

november 2017 issue

Anaheim locals rejecting new facility for homeless people Worst hit was Anaheim, for the longest time, the proposed facility has been facing opposition from the locals but it seems that the tension that has been looming the town is slowly coming to an end. Efforts to push through with the plans bore fruits after failed attempts to build a similar facility in Santa Ana and Fullerton.

Even with the number of homeless people growing each day, the county administration has found it

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difficult to convince the locals that the facility is the right move. Orange County does not have an all year round shelter, this proposed facility could be the long awaited answer to reducing the number of people on the streets. More to that, the facility would help in the replacement of the winteronly emergency facility which are in Armories.

in continuation of homeless outreach services and efforts and help Anaheim to continue with addressing homeless impacts on neighborhoods, parks and streets that are a ma jor concern among the people living there. The county administrators have set up community meetings in order to discuss with the residents on the importance of building of the shelter.

The center of Hope…

To end this menace of homelessness in the county, Anaheim’s comprehensive efforts have been focused developing the Center of Hope3. Even though to locals this may be the ‘center for disaster’ homeless people have a reason to celebrate.

The Center of Hope is a proposed 400 – bed homeless facility that will bring hope to so many people on the streets.

This facility will offer emergency and temporary housing and services to help the people living in the streets.

These measures were given by Mayor Tom Tait during a court hearing with Judge David Carter who is spearheading a lawsuit that involves Anaheim.

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But why are residents so unease with the facility?

The resident’s issues include increase in crime rates and devaluation of property in the area mostly in Olive area which is on the other side of the homeless facility site and also, they fear high use of drugs if the homeless facility is to be built. They are also concerned with more littering from the homeless which is extra workload for them.

The proposed facility location

Due to these complains there has been an online opposing petition which has about three hundred signatures already. The council dealing with building of the shelter has assured the community addition of new police officer slots specifically to address and get involved with issues regarding the homeless.

Center of Hope will be located in Industrial Area with a railway between Cerritos Avenue and Ball Road which is very suitable for a homeless facility with separation from schools, homes and parks. This facility will help

There will be an increase of private patrols in Orange County to reduce crimes with the patrols mainly focused on the parks and public library in the area. They also created committees to deal with homelessness issues.

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‘We are for homeless people…’

However, even with a lot of opposition, other people who deal with homeless care are supporting the construction of the facility.

Most are the social workers in Anaheim and also the homeless people advocates. These homeless people are mostly not immigrants but people who have lived in Orange county for more than ten years which is about sixtyeight percentage of all the homeless people and ninety percent of them are actually US born hence the homelessness issue have been in the county for a long time.

Homeless people are humans, humans have rights!

Since the homeless people also have rights, the county council should solve this problem as soon as possible and relocate all the homeless people from the sidewalks and parks where they reside and actually construct the facility to host them all year round. By doing this, the crime rates might go down because they will at least have the basic necessities such as food, clothing and shelter.

The Power Is Now Online Events Every Tuesday at 12:30 PM and 7:00 PM, along with every Thursday at 12:30 PM, we are live on Youtube!

We educate our friends and followers about all of the latest mortgage programs, interview industry leaders and professionals, and give agents an opportunity to showcase their listings on our platform.

The community should try to embrace the county’s move of constructing the facility instead of opposing about it and actually come up with measures that may affect them and solutions which do not involve chasing the homeless people away and actually support them by providing donations to the shelter.

References; http://35.232.152.24.xip.io/2018/09/08/anaheim-looksat-homeless-shelter-proposal-to-address-impacts-onparks-streets-neighborhoods/ http://www.latimes.com/local/lanow/la-me-ln-ochomeless-shelters-20180615-story.html#

november 2017 issue

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Helping you achieve the American dream of homeownership!

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CALL ME FOR DETAILS ERIC LAWRENCE FRAZIER MBA

CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243

The Power is Now, Inc. is a nationwide, real estate professional, and community-based multimedia and education company founded in 2009 by Eric L. Frazier, MBA, headquartered in Riverside, California. The Online Radio Talk Show, Magazine, TV and events are supported by numerous national and state real estate associations and provides weekly real estate related content to millions of real estate agents and consumers throughout the United States online and by teleconference. The Power Is Now Inc., is also an mortgage brokerage licensed by the state of California, CAL BRE MLO/NMLS License #1435243, and a real estate broketage CAL BRE 01980407 and is not affiliated with any state or federal agency. The Power Is Now Inc., corporate office is located at 3739 6th Street Riverside, CA 92501. Telephone/Fax: 800401-8994. Eric Frazier, is California Licensed Loan Originator NMLS# 461807, and a Real Estate Broker #O1148434.

We have a membership for everyone.

From the Buyer and Seller to the Professional Agent and Broker.

Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703

The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

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OUR MISSION: The mission of the Orange County Realtist is to provide support and education for its members to grow and expand their businesses while assisting the community to achieve the American dream of homeownership.

OUR VISION: The vision of the OC Realtist is to become a center of influence and a chapter of successful realtists in Orange County whose businesses are thriving from the support they receive and the networking opportunities that exist by their affiliation with National Association of Real Estate Brokers.

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NAREB was founded in 1947 and is the Oldest African American Real Estate Trade Association in the United States. The Orange County Realtist Chapter was founded in October 4, 2009 by Eric Frazier in Orange County.

Email: info@ocareb.org Phone: 800-790-0941

HOMELESSNESS IN ORANGE COUNTY

A NEW DAWN FOR ORANGE COUNTY MAY BE COMING!

T

here may be hope for Orange County and the state as these bills could improve the housing situation

California County is facing housing crisis and Orange County may be the most affected.

A high population and low inventory in the market has escalated the problem out of proportions. Homelessness in the county is fast rising. A few years to come, if the issue is not addressed, homelessness might be declared a national problem in the county. So, what the county needs is a change in the policy and policymakers have to think very carefully about this issue.

If you don’t pay, you can’t stay!

With the housing rents being too high, most low-medium income earners are forced out

november 2017 issue

into the streets. The county’s housing market has become a game of chance, you either pay or get onto the streets. Most people cannot afford these high rents. If they don’t end up in the streets, then they are moving out, which means that sooner or later, the county labor force will be meagre. So what’s happening?

Currently, there have been more than one hundred and thirty housing bills within the year all addressing issues of housing in the county; housing shortage in the state, lack of affordable houses for average citizens and lack of protection to those people who are on the risk of losing their houses. Well the number may be alarming which and raises a lot of questions, do we need all these bills to address housing issues in orange county or California as a whole? I don’t think that bills will change anything, the system needs to change the way it perceives housing. Changes in the housing

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have been so drastic! And already the effects of an undersupply are pressuring the rents and housing costs in the region.

Are we anywhere near the target?

According to a report by State Housing and Community Development Department, the state will need at least 1.8 million new houses and homes to host the growing population by 2025. New construction is already underway which is new hope for the county, however with the population rise and incomes stagnating, you have to wonder if the projections will match up with the reality on ground. The states home ownership has been on the down low and the population on the rise hence an increase in homelessness.

What the county counts on; the bills Some of the proposed bills that may curb this problem include increasing funding for affordable housing by the state for the low income earning residents. The bills under this category include Senate Bill 2; which would charge seventy five dollars on some of the real estate documents, Senate Bill 3; which is a three million dollar bond for affordable production and construction of buildings. Also, Assembly Bill 71 would address elimination of the mortgage interest tax on second homes used by the owners.

Homebuilding projects should also be streamlined, the cost and time for construction of houses reduced. The Senate Bill 35 frees multi housing projects form the council’s review if they are constructed on rededicated land among other factors mostly that concern the environment.

The current state law requires provision of housing by the local governments to all income levels as long as they are within their jurisdiction.

A bill that provides funds to the state Attorney General’s office is AB 72 for oversight of local government adherence with the housing laws.

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AB 291 will help to protect people based on immigration status from being evicted by landlords. This falls under the Resident protection law. Another bill that is under this category is AB 886 blocks local administrations from displacing people or tenants from illegal housing places as long as the buildings are legal and safe for human housing. AB 1506 is a bill that seeks to maintenance and restoring of local rent control provisions which were eliminated earlier.

Don’t be hopeful, yet!

Although most of these bills are great and can help Orange County’s housing crisis, it takes time for them to be effective they have to pass two-thirds of the senate and assembly approval is required.

If the bills are passed, there will still be need of the governor’s approval and signature who scuttled the affordable housing programs last year until they are streamlined for construction.

Despite all these problems, Orange County needs some of these bills to be passed so as to reduce the housing problems that it is facing.

The right time to build is now The population is growing fast and without proper housing plans by the county, there may be bigger problems awaiting the county in the near future. Hence the bills that are more favoring to the housing sector should be passed to avoid future housing issues in the state and Orange County.

References https://www.ocregister.com/2017/09/24/housing-crisissee-how-state-lawmakers-are-putting-more-teeth-andmore-money-into-reform/ https://www.ocregister.com/2018/03/11/the-right-timefor-housing-affordability-in-california/

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Robin Davis Realtor | CalDRE # 01971982

Phone: (800) 401-8994 x 706 Direct: (925) 565-4848 robin.davis@thepowerisnow.com www.thepowerisnow.com

Linda Larson Cal BRE # 01183012

Real estate Agent

Realtor | Clearlake O: 800-401-8994 x 7202 D: 707-257-1288 danon.burnside@thepowerisnow.com www.thepowerisnow.com www.applytobuynow.com

FINANCE NEWS

ANAHEIM ENDS DISNEY TAX INCENTIVE

BY REQUEST OF THE COMPANY

W

alt Disney Co. and the City of Anaheim have been in a close relationship ever since the company opened its first theme park in 1955. From that moment onwards, the complex has expanded to include two ma jor theme parks, three hotels, Downtown Disney shopping district and becoming the largest employer in the city.

This why any news involving the company and the city are mayor news. Especially in the case of tax incentives programs.

For years, the Walt Disney Company has benefited from two large tax deals.

The first one was designed to prevent the city from collecting entrance taxes if the company made investments over $1 billion in the park by 2024; a requirement which will met with the addition of “Star Wars” land. Likewise, the second incentive offered Disney $267 million hotel taxes refund if the entrainment giant built a 700-room luxury hotel in the premises .

However, these incentives became a point of contention november 2017 issue

with members of the City Council, which saw the tax breaks as prejudicial to the city. The turning point came when Walt Disney, Co. decided to change the location of the planned hotel, which according the City Council made it illegible to receive the tax benefits. In turn, the company retaliated by putting the project on hold.

As Los Angeles Times reported on August 28, 2018, Disney itself requested the City Council to release it from its tax break commitments.

In fact, in a letter sent by Disneyland Resort President, Josh D’Amaro, the company’s intention behind the letter was reduce the “adversarial climate where there should be cooperation and goodwill.”

Although city officials backed Disney’s offer and lifted the incentives, not everyone is on board with the proposal because many see it a possible escape plan from a November ballot seeking to increase minimum wages in the city. As Robert Niles, editor of Theme Park Insider, pointed out: “If Disneyland doesn’t get the city hotel subsidy, does The ORANGE COUNTY Realtist Magazine

that mean Disneyland Resort employees would not be subject to the $18/hr. minimum wage initiative that’s on the Anaheim ballot this fall?”

If the November Ballot is approved, companies, hotels and resorts will have to pay $15 per hour starting next year with $1 annual increase until it reaches $18 in 2022. The ballot specifically was targeted towards Walt Disney, Co and worker unions have supported it heavily.

Nonetheless, the company reached a tentative agreement

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with Unite Here Local 11, a union that represents 2,700 hotel workers. If approved by union members, the agreement will increase the minimum wage from $13.25 to $15 per and hotel workers will also a bonus of $1000, Los Angeles Times reported .

It remains to be seen how the November ballot will affect the company, as many previous agreements with Anaheim would have to be reviewed and analyzed. Nonetheless, Disney is not going anywhere and it would likely remain the city’s largest employer from years to come.

The resort not only already brings millions of dollars of tax revenues but it also attracts investors willing to open business with the hope of benefiting from the millions of visitors that come to the park each year. With that in mind, the city will most likely try to keep the

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entertainment giant happy while attending the needs of its residents.

References: https://www.cnbc.com/2018/08/29/anaheim-ends-taxbreaks-for-disney--at-disneys-request.html http://www.latimes.com/business/la-fi-anaheim-disneytax-break-20180828-story.html https://www.themeparkinsider.com/flume/201808/6243 http://www.latimes.com/business/la-fi-disney-hotelworkers-20180918-story.html

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The Power Is Now Inc., is a Mortgage Brokerage Licensed by the State of California CALBRE License #1980407 and is not affiliated with any state or federal agency. Go to www2.dre.ca.gov for verification. The Power Is Now Inc., is also licensed by the NMLS License #1435243. Go to www.nmlsconsumeraccess.org for verification. The Power Is Now Inc., is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-401-8994. Eric Lawrence Frazier, MBA is a California Licensed Loan Originator NMLS# 461807. This is not a commitment to lend or extend credit. Restrictions may apply.

Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

FINANCE NEWS

HORIBA GROUP TO FUND THE ADVANCED POWER AND ENERGY PROGRAM OF THE UCI

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he UC campus in Irvine is one of the crown jewels of the Orange County.

Founded in 1965 when the Irvine Company sold 650 acres of land to the university, it has grown to become one of the leading higher education centers across the US. It is the youngest member of the prestigious Association of American Universities and it was ranked by the third best public university by Money magazine and seventh by the U.S. News & World Report “America’s Best Colleges”. Its impact in the community is large as the UCI contributes with over $5 billion in the local economy and it is the city’s second largest employer. As such, it becomes even more impressive when the Horiba Group has decided to fund the CUI Advanced Power and Energy Program (APEP).

In August 2018, the Japanese group granted $9 million dollars to APEP to create the Horiba Institute for Mobility and Connectivity (HIMAC). Further contributions include UCI’s Henry Samueli School of Engineering, the Office of the Provost and the Executive Vice Chancellor will provide staff and extra funds. The center will primarily focus on combining the company expertise and UCI’s knowledge to integrate and complement energy and transportation systems .

HIMAC will be located in a cutting-edge facility at the heart of the UCI’s Engineering Gateway building. In this location, experts from fields as diverse as physics, engineering, social sciences, IT and computer sciences, and business will tackle three ma jor challenges in the energy and environment sector.

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The first of such challenges is developing vehicles, fuel stations and transportation systems that do not release pollutant that produce health hazards such as smog and acid rain. It will also seek to create systems that do not contribute to climate change by eliminating greenhouse emissions.

testing, scientific instruments, process and environmental instruments, medical diagnostics and semiconductor instruments” . Its primary goal is to use its areas of expertise to contribute to global environment conservation, medical field applications and reduce carbon footprint generated by the production of energy.

The second challenge is to connect zeroemission transportation systems with electric grids and power supplies generated by renewable sources such as wind power and solar panels, as well as expanding existing grids.

These kinds of investment just show the prominence of the UCI and its value to the Orange County. The University is already a medical and research hub and in its short years of history has produced three Nobel Prize winners. The Horiba Institute for Mobility and Connectivity will most likely contribute to the university’s reputation and it is sure to inspire great ideas that will improve the lives of millions of people across the Golden State.

The last remaining challenge is creating next generation smart vehicles that communicate with one another and surrounding infrastructure to make them more efficient.

In the words of Atsushi Horiba, chair and CEO of Horiba Group: “We are delighted that our longstanding relationship with APEP and UCI has led to the creation of HIMAC, which will produce innovations for the betterment of the world community.”

The Horiba Group is a renowned Research and development Japanese company that focuses primarily automotive “automotive

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References https://uci.edu/university-facts/index.php http://engineering.uci.edu/news/2018/8/horiba-groupcommits-9-million-uci-new-institute https://www.horiba.com/en_en/company/about-horiba/ message/

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BUSINESS

Frazier Group Realty, Inc. As you venture into the World of Real Estate, we can help you put the pieces together and Naviagate you into Home Ownership

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Frazier Group Realty is the right place. Our Navigators are available to give you personalized service and answer any questions you may have. You can call, email or visit us and we will be there ready to help you every step of the way. Wether you are a first time home buyer or an experienced real estate investor, here at Frazier Group Realty you gain useful information about how to choose the “right” property, and everything involved in making an informed decision in today’s real estate market.

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The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

Home Ownership Home ownership brings stability to individuals and families who have never had a dwelling place that they could call their own. There is something special about owning real estate that is unlike anything else on earth you can own.

Real Estate you own is not like cars that decay over time and you have to replace them.

Real Estate you own is not like clothes that go out of style and you have to buy new ones.

Real Estate you own is not like expensive vacations or experiences that only last a moment in time.

Real Estate you own is not like an apartment where the landlord may increase the rent until it’s no longer affordable.

Real Estate you own is not like staying at your parents house where you know can’t stay forever.

Home ownership is the beginning of wealth that increases over time and becomes your estate & legacy Home ownership is the pride of a mother nurturer and the kitchen her domain Home ownership is the pride of a father provider and protector of his territory and family.

Home ownership is the foundation of permanence and the place where life happens, birthdays celebrated, deaths mourned.

Home ownership is the place you build memories that can never be taken from you.

Memories etched in walls and concrete, experienced in rooms and floors, Memories living in trees and shrubs planted by your hand.

Howe ownership is the manifestation of you - your style, your colors, your smell, your stuff, your junk, your memories, your yard and your spaces, your life.

It’s the height markers on your first child’s bedroom wall.

It’s the hearts drawn in the concrete slabs when you pour your patio floor It’s the birthday parties, and anniversaries in the living room and kitchen.

It’s the back yard barbecue with friends, neighbors and family contentions it’s the high school and college graduation, and wedding receptions Its’ the family nights and block parties and the fellowship of family connections Home ownership It’s more than real estate. Land, brick and mortar, wood frame construction and chicken wire.

It’s more than money saved, gifts recieved and grants obtained It’s more than the debt you incur to buy it.

It’s more than the payments you make to own it.

It’s more than the appreciation that comes with keeping it over time.

It’s memories, it’s family, and it’s life that can happen in one place Until you say it’s time to move.

By Eric Lawrence Frazier MBA CA BRE 01143484 | NMLS 461807

november 2017 issue

The ORANGE COUNTY Realtist Magazine

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Our board of directors

Christina Kimble PRESIDENT

R. Ann Ellis Hall SECRETARY ann.annellis@gmail.com 626-864-4127

Kym Thompson DIRECTOR AND ASSISTANT TO THE PRESIDENT kym.thompson@ocrealtist.org 714-293-2098

Ivery Summers FIRST VICE PRESIDENT ivery.sells@verizon.net 310-920-3455

Felsia Dailey DIRECTOR OF MARKETING fdailey@ocregister.com 714-856-1743

La Toya James VICE PRESIDENT OF AFFILIATE latoyajamesrealestate@gmail.com 323-767-6933

Successs Money SECOND VICE PRESIDENT success.money@ocrealtist.org 800-790-0941 ext. 737

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Edilma Friesen EXECUTIVE VICE PRESIDENT Edilman.Friesen@ocrealtist.org 949-209-7708 657-900-2066

Mary Ann Epstein VICE PRESIDENT OF TECHNOLOGY maryann@realpro.la 909-539-7196

For information about membership and upcoming events please go to www.ocrealtist.org

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org