Latest news with #EHV
Time of India
08-08-2025
- Business
- Time of India
Toshiba to invest 562 cr to expand base in Telangana
Hyderabad: Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will invest 562 crore over the next three years to set up new manufacturing facilities at its Rudraram facility in Telangana. On Friday, industries minister D Sridhar Babu inaugurated a new CRGO core processing centre and a surge arrester production line at the campus and also laid the foundation stone for the expansion of its EHV power transformers plant. While the CRGO core processing centre has a capacity to process 12,000 tonnes of cold-rolled grain-oriented steel annually, the surge arrester line will have the capacity to produce 80,000 units per year. On the other hand, the EHV power transformer expansion will increase TTDI's production capacity from 30,000 MVA to 42,000 MVA per annum. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The expansion and new manufacturing facilities are expected to create over 250 direct jobs over the next three years. Pointing out that Telangana has emerged as a guiding light for the country in the manufacturing sector, Sridhar Babu said: "For 2024–25, the state is expected to register industrial output of ₹2.77 lakh crore, of which 48% will come from manufacturing. In just nine months, merchandise exports worth ₹1 lakh crore were recorded from the state. The GSDP growth rate stands at 8.2%, which is higher than the national average. " TTDI chairman & managing director Hiroshi Furuta said the investment will bolster Toshiba's manufacturing footprint in India and contribute to local employment and skills development. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Business Upturn
25-06-2025
- Business
- Business Upturn
Bajel Projects shares jump 5% today after bagging substation order worth Rs 100-200 crore
Shares of Bajel Projects surged 5% to Rs 233.64 in Wednesday's early trade after the company announced securing a large order in the power transmission sector. The stock touched an intraday high of Rs 233.64 compared to its previous close of Rs 222.52 on the NSE. The company informed that it has bagged a substation order from a leading private sector player in the energy and power transmission space. As per Bajel Projects' classification, the contract size falls between Rs 100 crore and Rs 200 crore. The order involves two critical components: supply of all EHV equipment with necessary spares, tools, and auxiliaries for a 400kV GIS and 765kV AIS extension substation, and service work including erection, testing, commissioning (ETC), and civil works. The project is expected to be completed within 18 months from the notification of award. Rajesh Ganesh, MD & CEO of Bajel Projects, said, 'We are extremely pleased to secure this large order from a prominent private player in the energy and power transmission sector. This project underscores our robust capabilities in delivering large-scale substation infrastructure.' As of 9:16 AM, Bajel Projects had a market capitalization of Rs 27,010 crore, with a P/E ratio of 174.36. The stock has traded within a 52-week range of Rs 146.41 to Rs 330.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
08-05-2025
- Health
- Yahoo
100s of Coloradans could be back on the streets with end of housing voucher program
Gary Jackson rests in bed at a former La Quinta Inn on Park Avenue in Denver, June 12, 2022. He lived at the hotel during the spring of 2022 after receiving an emergency housing voucher due to his vulnerability to COVID-19 while managing congestive heart failure. (Giles Clasen for Colorado Newsline) Gary Jackson's most recent spell of homelessness happened during the COVID-19 pandemic. After being released from a more than 12-year prison sentence, his son died. He then lived unsheltered for a couple of years before his heart began to fail, which Jackson says is a direct result of his homelessness. These challenges made Jackson a perfect candidate for the federal Emergency Housing Voucher program. EHVs were created by the American Rescue Plan Act of 2021 to provide housing for the chronically homeless; people fleeing domestic violence, human trafficking or sexual assault; and families facing housing instability. About 70,000 EHVs were distributed to public housing authorities across the nation. Jackson's EHV helped him get a room at the La Quinta hotel at Interstate 25 and Park Avenue in Denver while he received medical treatments for his heart condition. The EHV gave him enough stability to receive a Section 8 voucher that he's used to rent an apartment of his own for more than a year. 'I got the Holy Grail of housing vouchers, apparently,' Jackson said. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Jackson is one of a handful of EHV holders who have successfully transitioned to more stable housing. However, there are hundreds more EHV holders in Colorado facing the possibility of being sent back to the streets. In March, the Colorado Division of Housing received a letter from the U.S. Department of Housing and Urban Development saying that the EHV program is expected to run out of money by the end of 2026, four years earlier than originally expected. Part of the reason for the lack of funding for the program is the national spike in rent costs. Median rents across the U.S. stood at $1,781 per month at the end of 2021, according to Those rents peaked in July 2022 at around $1,850 per month, though they have steadily fallen to $1,694 as of March 2025. Should the funding for this program end, many participants will go back to the dangerous living situations they were in. – Shannon Gray, spokesperson for the Colorado Division of Housing At the same time, the Trump administration has made it clear that it does not intend to continue funding the program. 'While these EHV funds are being obligated to your PHA, you should manage your EHV program with the expectation that no additional funding from HUD will be forthcoming,' the letter DOH received says. Colorado received 996 EHVs, which it then distributed to 12 public housing agencies across the state. Those public housing agencies were primarily located in Front Range counties like Boulder, Denver, Jefferson, and Adams. Cities like Fort Collins, Aurora, Colorado Springs and Littleton also received vouchers. Altogether, nearly 1,200 households benefitted from EHVs, according to federal data. There are 892 EHV units still leased, DOH spokesperson Shannon Gray told Colorado Newsline in an email. 'We are concerned about the implications of non-renewal of the funding for all (EHV) participants in Colorado,' Gray said. 'Should the funding for this program end, many participants will go back to the dangerous living situations they were in.' For public housing officials, the anticipated end of the EHV program has become a significant cause for concern. Peter LiFari, CEO of Maiker Housing Partners in Adams County, told Colorado Newsline that there is a 'mad frenzy' of communication and collaboration among public housing authorities in Colorado to figure out contingency plans for the remaining EHV holders. Those contingency plans are complicated as Colorado leaders have already had to navigate a $1.2 billion state budget shortfall, and federal support remains uncertain. Meanwhile, advocates at the National Low Income Housing Coalition expect the Trump administration to significantly overhaul the Housing Choice Voucher program and reduce the number of available vouchers by around 200,000 in the fiscal year 2026 budget. Housing Choice Vouchers, also known as Section 8 vouchers, are the most common voucher available to people experiencing homelessness. One change LiFari expects the Trump administration to push for is adding work requirements to the HCV program. HUD Secretary Scott Turner said after his confirmation that the agency should work to 'increase self-sufficiency and empower Americans to climb the economic ladder toward a brighter future.' A 2022 federal review of work requirement policies found that they can increase part-time employment, but the impact of the policies to 'reach a level that enables self-sufficiency remains unclear.' 'This is an appetizer from the administration to move the Overton window on work,' LiFari said. Cathy Alderman, spokesperson for the Colorado Coalition for the Homeless, told Colorado Newsline that many of the EHV holders don't have other housing options. 'They can't just find another affordable place,' Alderman said. 'It's not likely that they have a great deal of resources saved up to move them into a market-rate unit that doesn't accept vouchers, which is going to ultimately put a lot of people into the cycle of homelessness at a time when homelessness is already on the rise.' Over the last year, homelessness in Colorado increased by more than 29% to more than 18,700 people, according to federal data. Subpopulations like families with children saw an even more significant increase in homelessness, rising 134% compared to 2023. Moving people from an EHV to a more permanent housing voucher is also a complicated process, Alderman added. About 20% of the people who qualify for a housing voucher receive one for various reasons. The number of available vouchers fluctuates every year. There are also waitlists for people to apply for housing vouchers. The program also relies on landlords who accept housing vouchers, which can be inconsistent. The Coalition has units it owns that can be used to provide housing for people who lose their EHV, but Alderman said there are not enough housing units to help the nearly 900 people who could be impacted. 'There's no affordable housing for people to move into,' Alderman said. 'It's why we have the homeless crisis that we have.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
28-04-2025
- General
- Yahoo
281 Utahns to lose rental assistance when federal funds run dry in 2026
The 9th East Lofts at Bennion Plaza, a mixed-income building that participates in Salt Lake City housing authority programs, is pictured in Salt Lake City. (Photo Courtesy of Salt Lake City Housing Authority) Back in 2021, when Utah's housing prices shot up amid the COVID-19 pandemic homebuying frenzy, Juanita Huertero, 56, said her landlord decided to cash in and sell her home, so 'she just kicked us out.' Just like that, Huertero and her adult son — whose medical issues prevent him from working — had to find a new place to live. She said she ended up homeless for the next six months, temporarily bunking with her daughter in Tooele. Also having been a domestic violence victim, she said she turned to South Valley Services for assistance, which eventually helped her obtain an Emergency Housing Voucher for rental assistance. The Emergency Housing Voucher program, launched in 2021 by then-President Joe Biden as part of the American Rescue Plan Act, used $5 billion in federal funds to help house vulnerable people — those who are homeless, at risk of homelessness, or are trying to flee domestic violence or other dangerous situations, according to the U.S. Department of Housing and Urban Development (HUD). Since then, Huertero said that voucher has helped keep a roof over her and her family's head. Currently, she lives on a multiplex in Salt Lake City with her elderly aunt and her adult son, both of whom rely on her as a caretaker. She works at a local housing authority — where she helps people like herself get housing assistance, trying to 'give back' in as many ways as she can. But without the voucher, which she said pays for roughly half of their $2,200 rent, Huertero wouldn't know what to do. 'Oh my gosh, if we didn't have that, we probably wouldn't be able to make rent,' she said, adding that even with the rental assistance she at times struggles to make ends meet between the cost of utilities, groceries and gas for her commute. Huertero — who was born in San Diego and moved to Utah decades ago, in 1996, in search of a better life — is one of hundreds of Utahns who could lose their Emergency Housing Voucher assistance earlier than expected unless Congress acts. But the program, faced with rising housing costs, is quickly running out of money. Federal officials expect the funds to run dry by the end of 2026, according to a letter HUD sent to housing agencies across the country, including those in Utah. It advised housing authorities to 'manage your EHV program with the expectation that no additional funding from HUD will be forthcoming.' At least 281 vouchers are currently being used in Utah, according to HUD's website. That number is small compared to other states like California, where nearly 15,500 vouchers are at risk, according to the Associated Press. In total, roughly 60,000 people across the country could lose their rental assistance and face eviction at the end of next year unless Congress sets more money aside for the program. Janice Kimball, CEO of Housing Connect (Salt Lake County's housing authority) received one of those letters from HUD. In Salt Lake County, Emergency Housing Vouchers are helping keep at least 97 people or families housed. 'I think for this fiscal year, we're probably OK,' she told Utah News Dispatch. 'But we're really worried about next fiscal year.' Looking ahead to when the funds are set to expire in 2026, Kimball said 'we're trying to figure out how to keep those folks housed' by transitioning them or absorbing them into other programs, wherever possible. The vast majority of Utahns receiving assistance through Housing Connect do so with Section 8 vouchers, which Kimball said support about 3,000 households. But without more federal dollars, she said Salt Lake County would not be able to sustain its 97 Emergency Housing Vouchers long term. Utah youth homeless shelters face funding uncertainty amid federal cuts, freezes 'We don't have enough of our own funds to do that,' she said, adding that the average cost per unit the vouchers help fund cost about $1,110 per month, 'so we're spending just over $110,000 per month to keep those households housed.' The Housing Authority of Salt Lake City has also distributed a big chunk of Utah's Emergency Housing Vouchers. Currently, 77 vouchers are being used, according to Britnee Dabb, deputy director of Salt Lake City's housing authority. Though Dabb said the authority has been allocated funding for 98 vouchers, she said her team has moved some of the households to other long-term programs they qualify for instead of waiting for the funds to expire. But as for the other 77 still in use? 'If we can't find programs that the households qualify for and are open, these families will lose the rent subsidy and have a large probability of becoming homeless,' Dabb said. To not cause a panic, Kimball said Housing Connect hasn't been notifying renters just yet of the program's expiration date, given there's still so much uncertainty around what federal officials and Congress could do next. In the meantime, she said 'we're hoping that we'll get additional information from HUD, and we're hoping that we'll have an idea of future funding, because that gives us the tools to know what we can do and what we can't do.' How many Emergency Housing Vouchers are at risk in Utah Ogden Housing Authority: 19 Salt Lake County Housing Authority: 97 Salt Lake City Housing Authority: 77 Provo Housing Authority: 27 Utah County Housing Authority: 32 Carbon County Housing Authority: 6 St. George Housing Authority: 17 Cedar City Housing Authority: 12 'The other thing that's really frustrating is that Congress has not passed a budget for 2025, so we're operating on information that we think is current based on last year,' she said. Since the program isn't expected to end until around November 2026, Kimball added 'we have a little bit of time to kind of think this through. So we're hoping we can have the budget numbers in before we have to start making those calls.' Still, she worries the program's expiration will cause a setback during a time when housing in Utah and across the country continues to be a painful issue for so many Utahns and Americans. 'Right now, there's such a deficit of affordable housing that it's really hard for low-income households to be able to find a stable place to live,' she said. 'We should be adding to the mix to help families stay housed. And so, any resource that you remove from the community is detrimental.' Kimball said housing authorities are 'going to do everything they can to keep people housed,' but she said now is a 'good time' for Utahns to reach out to their congressional leaders and 'let them know what the value of housing is for you and your family.' In the past, when voucher programs have been awarded and expire, they are usually extended, Kimball said, 'and it's because of this reason: once you get households or families entered into leases, it's hard to unwind that. Usually it's just been extended.' But under Trump's administration and the GOP-controlled Congress, it's unclear whether that will happen. Kimball said the Emergency Housing Voucher program has helped hundreds of Utahns move from unstable housing or homelessness, to a safe, affordable situation. I can't believe, honestly, that they would (stop) that funding. I mean, this population that I'm included in. We're really vulnerable. We've been through a lot mentally. – Juanita Huertero 'They have some choice in where they can live. It gives them breathing room. … They can start building from there,' she said. 'Affordable housing is like the foundational game changer. It really keeps people stable and allows them to live.' Kimball said she 'can't even imagine having to tell these households that we can't house them.' Though it hasn't come to that, at least not yet, Kimball said she does worry it would be 'devastating' to those renters. While Utah's number of Emergency Housing Vouchers is small compared to other states, to Huertero, it would be life altering. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX She said she's been working hard to complete HUD's five-year Family Self-Sufficiency Program — which helps teach budgeting, saving and other financial goals while setting aside money whenever Huertero gets a salary bump in an escrow account that she can later use to buy a home. But she said she probably has another four years before she could graduate from that program. If the Emergency Housing Voucher program expires, Huertero worries she'll be forced to go back on affordable housing waitlists. 'I'm going to get on any wait list I can, just in case,' she said. Thinking about thousands of others like her who are at risk losing their rental assistance, Huertero choked back tears. 'I can't believe, honestly, that they would (stop) that funding. I mean, this population that I'm included in. We're really vulnerable. We've been through a lot mentally,' she said. 'I'm really struggling to try to understand all this.' She acknowledged that President Donald Trump's administration is looking to reign in federal spending, but pointing to chaos and uncertainty around other frozen funds or cuts, Huertero said she wishes the approach could be more compassionate. 'I get that, yeah, there are some things that really do need to change,' she said. 'But it didn't need to change all in one day, all in one month. You know, he has four years to make these changes.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
23-04-2025
- General
- Yahoo
The end of this housing program could leave hundreds homeless in Ohio
A group of community advocates is calling for continued funding now that the Emergency Housing Vouchers, or EHV, program will not be renewed next year.
