Insights On Leadership And Neighborhoods From Executive Director Of Providence Revolving Fund

In its fourth decade, the Providence Revolving Fund (PRF) preserves the architectural heritage of one of the nation’s oldest cities through lending, real estate development, advocacy and technical assistance. In preservation parlance, a revolving fund is a program or, in PRF’s case, an entity which works a pool of capital in a visible way to save endangered properties and strengthen neighborhoods—with monies returning to the fund to be used for similar reinvestment. The nonprofit’s potency is substantial for Providence neighborhoods, having made 470 loans to moderate- and lower-income families; purchased and developed 63 buildings; facilitated $33 million in financing and leveraged an additional $250 million.

Restoration work in progress assisted by the Providence Revolving Fund.COURTESY OF PROVIDENCE REVOLVING FUND

Now a new era dawns for the Providence Revolving Fund, with the hiring of Carrie Zaslow as executive director. The community development professional has a wealth of experience in capital management for housing affordability and revitalization of commercial corridors. She also served as vice chair and chair of the Rhode Island Housing Resources Commission.

Restored and assisted by the Providence Revolving FundCOURTESY OF PROVIDENCE REVOLVING FUND

Tom Pfister: Some people view challenges with neighborhoods as insurmountable. Others are on the fence. What would you say to persons who are unsure about whether to volunteer for or work at organizations that focus on supporting the delicate balances of healthy, inclusive, livable neighborhoods?

Carrie Zaslow: I have a fundamental belief that everyone should be able to live in neighborhoods that are safe, that have performing schools, that have recreation and fresh food available, where residents can thrive, and that honors the history and culture of the neighborhood. With that belief, there needs to be a balance on a policy level that will prevent displacement of current residents even if the neighborhood becomes attractive to others. With that said, I would tell people that community development is hard work, often decades in the making, but it is also immensely satisfying—especially when you speak with the neighborhood residents, and you meet the family that finally has an apartment up to code, lead safe and at a rent they can afford, and they can finally take a deep breath.

MORE FROM FORBES

Pfister: What are the most common misconceptions about affordable housing?

Executive Director Carrie Zaslow of the Providence Revolving FundPHOTO BY IAN TRAVIS BARNARD / COURTESY OF PROVIDENCE REVOLVING FUND

Zaslow: The biggest misconceptions about affordable housing are that it’s housing for people with no jobs and no income, that it will decrease the value of homes nearby and be a burden to the community. This couldn’t be further from the truth. Over 51% of Rhode Island renters are cost-burdenedby housing costs—they are paying more than 30% of their income on housing. A teacher or emergency medical technician supporting a family can longer afford to buy a market-rate house anywhere in Rhode Island. The Providence Revolving Fund has made a priority of both creating and supporting affordable housing that protects Rhode Island’s historic housing stock, and creating affordable housing that is visually beautiful. Today’s affordable housing is well designed, energy efficient and healthy. Families living in healthy and stable conditions are able to increase their family wealth and see their children perform better in school.

Pfister: What lesson have you learned about genuine leadership that guides you?

Zaslow: It’s important to take calculated risks. To understand that true innovation means accepting the possibility of failing. That you can’t let missteps define you—you learn from them and move on. To be a great leader, you are able to extend this mindset to your entire team, so as to create an atmosphere that promotes creativity and innovation.

Pfister: When you worked in other capacities within Providence neighborhoods and organizations, what did you admire from afar, so to speak, about the Providence Revolving Fund?

Zaslow: I always saw the Providence Revolving Fund as a strong organization with a talented staff. I knew founding Executive Director Clark Schoettle and Associate Director Kim Smith, and I admired their work and commitment. The organization is unique as a Community Development Financial Institution (CDFI) that works with both homeowner-borrowers and real estate developers in the area of historic preservation, and then as a developer itself of affordable housing in historic districts. What stood out for me about PRF was its shared belief in the power of the culture of a neighborhood and the importance of preserving it.

Pfister: Here at the starting line of your tenure as executive director, what is the highest priority facing the Providence Revolving Fund?

Zaslow: Our highest priority is equipping ourselves to meet the evolving needs of Providence neighborhoods and that means growth. The Providence Revolving Fund is one of only four CDFIs working in Rhode Island, and the only one working on historic preservation. Demand for the work we do is high and we will be developing new ways to meet that need.

For more than 25 years, I’ve served as a practitioner in real estate: e.g., I’ve directed a revolving fund for historic properties; raised and underwrote capital for resident-led development in underserved neighborhoods.

[“Source-forbes”]

Xiaomi Redmi Note 5 Pro Sale Today on Flipkart and Mi.com, Both Variants Up for Grabs

Xiaomi Redmi Note 5 Pro Sale Today on Flipkart and Mi.com, Both Variants Up for Grabs

HIGHLIGHTS

  • Redmi Note 5 Pro price in India starts at Rs. 14,999
  • It comes in 4GB RAM and 6GB RAM variants
  • The smartphone will be available via Flipkart and Mi.com

Xiaomi Redmi Note 5 Pro will go on sale in India today at flash sales scheduled for 12pm IST. The popular Redmi Note 5 Pro smartphone comes in two variants, 4GB RAM AND 6GB RAM, and both will be available for purchase in the flash sale today. As before, fans can head to Flipkart and Mi.com to get a chance to buy the Redmi Note 5 Pro. The Xiaomi smartphone competes with the likes of Asus ZenFone Max Pro M1 and Realme 1 in the Indian market.

ALSO SEEXiaomi Redmi Note 5 Pro Review

Xiaomi Redmi Note 5 Pro price in India, specifications

The Redmi Note 5 Pro price in India is Rs. 16,999 for the 6GB RAM variant, and Rs. 14,999 for the 4GB RAM option.

 

As for the specifications, the dual-SIM Xiaomi Redmi Note 5 Pro runs MIUI 9-based on Android Nougat. The handset also has the identical 5.99-inch full-HD (1080×2160 pixels) display with an 18:9 aspect ratio, 450-nit brightness, 83 percent NTSC colour gamut, and 2.5D curved glass. It is powered by an octa-core Snapdragon 636 SoC, coupled with Adreno 509 GPU and has a rear-facing fingerprint sensor.

In terms of optics, the Xiaomi Redmi Note 5 Pro has a dual rear camera setup, with a 12-megapixel primary sensor sporting an aperture of f/2.2 and a 1.25-micron pixel size, while the 5-megapixel secondary sensor has a f/2.0 aperture and 1.12-micron pixel size. There is also an LED flash on the back. On the front, the smartphone has a 20-megapixel Sony IMX376 sensor that is accompanied by an LED selfie-light module.

There is 64GB of onboard storage that is expandable via microSD card in a hybrid dual-SIM configuration. Further, the handset has 4G VoLTE, Wi-Fi 802.11 b/g/n, Bluetooth, GPS/ A-GPS, 3.5mm headphone jack, and Micro-USB. It packs a 4000mAh battery and weighs 181 grams.

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[“Source-gadgets.ndtv”]

SpaceX to Launch 15th Resupply Mission to ISS on June 29

SpaceX to Launch 15th Resupply Mission to ISS on June 29

A SpaceX Falcon 9 rocket carrying the SpaceX Dragon spacecraft

NASA’s commercial cargo provider SpaceX is set to launch its 15th re-supply mission to the International Space Station (ISS) on June 29, the US space agency said.

The SpaceX Dragon spacecraft, packed with more than 5,900 pounds of research, crew supplies and hardware, will launch on a Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Air Force Station in Florida.

Dragon will reach its preliminary orbit in about 10 minutes after launch and then would deploy its solar arrays and begin a carefully choreographed series of thruster firings to reach the space station.

It is expected to reach ISS on July 2, the report said.

The Dragon will deliver supplies, equipment for science investigations including: investigation on cellular biology in microgravity; ECOsystem Spaceborne Thermal Radiometer Experiment on Space Station (ECOSTRESS) – an Earth science instrument studying plants and water availability; and a physical sciences study on soil and sediment to enable US National Laboratory research.

NASA astronaut Ricky Arnold, backed up by fellow NASA astronaut Drew Feustel, will supervise the operation of the Canadarm2 robotic arm for Dragon’s capture while NASA astronaut Serena Aunon-Chancellor monitors the spacecraft’s systems.

After Dragon capture, ground commands will be sent from mission control in Houston for the station’s arm to rotate and install it on the bottom of the station’s Harmony module, the report noted.

[“Source-gadgets.ndtv”]

TRAI, BEREC Sign Memorandum on Preserving, Promoting Net Neutrality Rules

TRAI, BEREC Sign Memorandum on Preserving, Promoting Net Neutrality Rules

Left to Right: BEREC OAM Laszlo Igneczi, TRAI Chairman R.S. Sharma, BEREC Chair Johannes Gungl

HIGHLIGHTS

  • TRAI and BEREC met on Thursday in Poland
  • The two announced their common understanding of net neutrality
  • They also collaborated to develop effective regulations

Telecom regulators from India and the European Union (EU) met this week to announce their common understanding of the “building blocks of net neutralityrules”, and their intention to collaborate on regulations. Representatives of Telecom Regulatory Authority of India (TRAI) and the Body of European Regulators for Electronics Communication (BEREC) on Thursday in Sopat, Poland signed a memorandum of understanding (MoU) to “advocate for effective electronics communications regulation.” The two also released a “Joint Statement for the Open Internet”, that defined the heretofore mentioned building blocks.

The MoU was said to show the willingness of both sides to develop regular exchanges regarding the implementation and preservation of net neutrality rules. The regulators said they intend to “promote competitive markets, technological innovation, and value for consumers.”

In their joint statement, TRAI and BEREC listed what they consider to be the foundation of net neutrality rules, common to current frameworks of both India and EU. These included the enforcement of end users’ rights to send or receive information; the equal treatment of traffic; provision for reasonable traffic management if transparent and non-discriminatory; provision for commercial practices such as zero rating if they complement competition and promote an open Internet, and finally, the users’ right to detailed information on Internet providers, prices, as well as current traffic management measures.

The regulators may impose additional requirements allowed by their respective legislative frameworks on top of these building blocks, the joint statement added. Representing the two bodies were TRAI Chairman Dr. Ram Sewak Sharma and BEREC Chair Johannes Gungl. Commenting on the MoU, Gungl said, “Net neutrality is a vital principal and an open internet crucial for people around the globe. We are very happy to have TRAI as a partner to ensure a univocal protection of net neutrality principles for internet access services.”

R.S. Sharma said, “We consider that the internet will continue to be an enabler of growth and innovation for countries like India who can use technology to leapfrog to the next stage of development. Therefore, it is important that the internet is kept as an open and non-discriminatory platform. Our MoU with BEREC gives us an opportunity to not only work closely together in areas like net neutrality, but also to collaborate in areas where the EU has adopted a very effective regulatory framework like consumer protection, broadband development and promotion of NGA rollout.

[“Source-gadgets.ndtv”]