Lorine R. Williams
  • Female
  • Christiansted, St. Croix
  • Virgin Islands, U.S.
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Lorine R. Williams's Blog

$8,000 for 1st Time Homebuyers

Exciting New Program to increase home sales & stabilize the real estate market

U.S. Housing & Urban Development (HUD) Secretary Shaun Donovan announced on May 29th an exciting new program to stimulate home sales as part of the Obama administration’s American Recovery Act of 2009. Homebuyers are now offered a tax credit of up to $8,000 for the purchase of their first home. “Families now will be able to apply the anticipated tax credit towards their home purchase right… Continue

Posted on June 15, 2009 at 12:28pm

Virgin Island Utilities Reduce Power & Water Rates

Effective Dec. 1, 2008 residents will see a 34-percent drop in electric LEAC rates, from $0.322317 per kilowatt hour to $0.211661 per kilowatt hour, which will take the average consumer’s bill down by $55.35, or 27.2 percent. The average commercial customer -- those businesses using about 1,200 kilowatt hours -- will see their bills drop by $143.91, or 25.5 percent, while the average large power customer will pay $4,428.24, or 28.3 percent, less.

The reduction reflects the continued… Continue

Posted on June 10, 2009 at 4:09pm

What the Stimulus Package means for the US Virgin Islands

As President Barack Obama signed the $787.2 billion dollar

economic stimulus package into law, a large sigh of relief

echoed throughout the Virgin Islands. The islands will realize

at least $244 million in unanticipated revenue, with windfalls for the

Territory’s roads, schools, Medicaid patients and providers, and tax

credits for its citizens. Although some numbers are solid, there are

areas that remain in flux:

•Clean, Efficient, American… Continue

Posted on June 2, 2009 at 11:30am

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