Cincinnati looking into program that could help renters become owners [Video]
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Cincinnati looking into program that could help renters become owners [Video]

CINCINNATI — Cincinnati City Council is considering a new program looking to bring renters into the world of owning property.

Money tends to be the biggest barrier to entering the market, whether it’s owning a home or commercial property. A Community Investment Trust would help bridge the gap between renters and owners, especially for those who are considered low to middle-income families.

Here’s how it works: a nonprofit takes out a loan to purchase a property. Then, they set up an investment structure where low-income neighbors can buy shares of the building every month for a low price, between $10 and $100.

“It shows that their credit score is improved, they start using financial planning tools and they get more involved in their neighborhood because they own something there,” said Vice Mayor Jan-Michele Kearney. “It’s not just like they’re renting and thinking about moving, they actually own something, they can …

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Charities webinar – Contract exposure: managing risks in legally binding agreements [Video]
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Charities webinar - Contract exposure: managing risks in legally binding agreements [Video]

On Wednesday 11 May, Edward Bouckley delivered the next webinar in our charities bite size series. In the webinar Edward looked at some of the key aspects of managing risk when entering into commercial contracts. He discussed:• What risk management is.• What risk is and why properly managing it is so important to charities.• Some of the ways risks can be managed in contacts.Edward also looked at some of the steps that you can take to better protect your charity when entering into contractual arrangements.Here are the timestamps to help guide you through this webinar:0:52 Birketts at a glance1:18 What we will cover today2:09 What is risk management?3:07 What is risk and why is it important?3:59 Contractual risk5:58 Identifying risk10:05 Written contracts11:34 Assessing Risk13:10 The danger of "pre-contractual" agreements14:27 A cautionary tale16:21 Rights and obligations17:51 Risk - allocating and controlling18:48 Transferring risk: indemnities20:00 Controlling risk: limitation of liability21:29 Practical tips23:18 QuestionsThe webinar ended with a Q&A. Disclaimer: The content of this webinar is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this webinar please contact us in the first instance. Law covered as at May 2022. Meet our expert, Edward Bouckley: https://www.birketts.co.uk/our-lawyers/norwich/edward-bouckleyContact us at: https://www.birketts.co.uk/contact-usSign up to future webinars: https://www.birketts.co.uk/events​​​​ To ensure that you are invited to future webinars and receive our newsletters please opt in to our mailing lists and select the appropriate areas of interest. https://www.birketts.co.uk/register