Fall 2008 Washington


Washington, D.C., is a city for politics. It is also a city for people to chase their dreams. Seventeen young graduates of UMass Dartmouth, listed as “friends” on a Facebook group for university alumni, are chasing their dreams in the nation’s capital.

But they don’t really know each other. They were invited to join the UMass Dartmouth-Washington DC Alumni Club on Facebook by friends of friends or by their friend’s friend’s friend.

Some of them were willing to share their stories of life in the capital city, to talk about their dreams and to reflect on whether the real world is what they expected.

Lee Lukoff, a Republican from South Dartmouth, came here for the politics after graduating in May with a degree in political science. With no Republican Members of Congress from Massachusetts, Mr. Lukoff sent out applications to Republicans in both the House and Senate, and said he was fortunate to get an internship with Rep. Tom Feeney, R-Fla.

“I really liked my internship because every day I felt like I was doing something important,” said Mr. Lukoff, a graduate of Dartmouth High School.

He said he learned how Congress works from the inside and how a congressional office works. He was responsible for writing letters to constituents about issues they were concerned about, compiling newspaper articles and attending committee hearings and policy briefings, where he would take notes and write memos.

“Despite the fact that I was unpaid, few people get the chance to intern for a congressman, and the experience can pave the path to future jobs in politics and in government,” Mr. Lukoff said.

Rep. Feeney lost his seat in the Nov. 4 elections, and Mr. Lukoff, like other office staff, is helping pack up the office and moving on to job hunting in other congressional offices, think tanks, interest groups and non-profit organizations.

Lee Lukoff

Lee Lukoff

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CEI

Bangor Daily News

Guanlei Ren

Boston University Washington News Service

October 28, 2008


WASHINGTON Coastal Enterprises Inc., a Wiscasset-based community development organization, has received a federal allocation of $112 million that will allow it to help finance small businesses and development projects in low-income communities.


“Coastal Enterprises continues to provide invaluable services to communities throughout Maine,” Sens. Olympia Snowe and Susan Collins said in a joint statement on Oct. 20. “Investing in affordable housing and community development in Maine’s rural and underserved areas will provide an opportunity for economic revitalization.”


The New Markets Tax Credit program, which Congress established in 2000, is aimed at spurring revitalization efforts of low-income and impoverished communities across the United States by providing federal income tax credits to investors.


For Coastal Enterprises, a nonprofit organization that seeks to create jobs by helping to finance small businesses in primarily rural regions of Maine, this is the fifth New Markets Tax Credit allocation it has received, bringing its total to $481 million.


“We receive the tax credit allocation that can be applied to significant investment that qualifies for the program,” said Charlie Spies, the managing director at Coastal Enterprises Capital Management LLC. “We receive allocations but we don’t actually receive dollars.”

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FEC Maine House

Bangor Daily News
Guanlei Ren
Boston University
Washington News Service
October 22, 2008


WASHINGTON — Democrat Chellie Pingree raised $141,966 more than Republican Charlie Summers in Maine’s 1st District House race in the quarter ending Sept. 30, bringing her fundraising total for the campaign to $1,977,732, according to filings with the Federal Election Commission.


The Pingree campaign raised $382,947 from July to September and had $358,628 to spend as of Sept. 30. Summers raised $240,981 during the third quarter, bringing his total receipts to $530,353, with $137,382 cash on hand.


The two are competing for the House seat Democratic Rep. Tom Allen is leaving to challenge Republican Sen. Susan Collins next month.


Much of Pingree’s money was raised before the June 10 Democratic primary. According to filings with the commission, Pingree, who won the six-way primary race with 44 percent of the vote, raised $1.59 million and spent $1.4 million as of June 30.


Adam Cote, who came in second in the Democratic primary with 28 percent of the vote, raised $660,471 as of June 30, the second-highest amount raised for the primary.

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FORECLOSURE

Bangor Daily News

Guanlei Ren

Boston University Washington News Service

October 10, 2008

WASHINGTONMaine’s foreclosure rate is low compared with other states. But homeowners facing foreclosure still need help, state officials say.


Of the 435 congressional districts nationally, Maine’s 1st and 2nd congressional districts rank 402nd and 388th respectively on the list of worst rates of foreclosures per household, according to www.hotpads.com, a real estate search engine.


“We are not experiencing the same rate of foreclosure in Maine that other states are experiencing; that is true,” said Will Lund, superintendent of Maine’s Bureau of Consumer Credit Protection. “I think it is a combination of more conservative borrowing and more conservative lending than in other states. Maine consumers tend to be a little bit more traditional in terms of the product they are interested in.”


According to an online marketplace for foreclosure properties–RealtyTrac, which Lund called “the best source of information” on foreclosures–303,879 U.S. properties filed for foreclosures in August, a 12 percent increase from the previous month and a 27 percent increase from August 2007.

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FHA

Bangor Daily News
Guanlei Ren
Boston University
Washington News Service
October 1, 2008


WASHINGTON - Homeowners stuck with costly mortgages and facing foreclosure will be able to refinance into more affordable loans with the assistance of the Federal Housing Authority (FHA) under the HOPE for Homeowners program that took effect Wednesday.


“The turbulent economy has reached a boiling point, and the American people require and deserve immediate relief,” Maine Republican Sen. Olympia Snowe said in a Sept. 30 statement. “With these programs, homeowners can access FHA-insured mortgages or receive valuable tax credits for first-time buyers. I encourage Americans to take advantage of these beneficial provisions and contact the FHA today.”


The HOPE for Homeowners program is authorized to insure up to $300 billion in mortgages and is expected to serve approximately 400,000 homeowners over the next three years.


“HOPE for Homeowners will add to the Housing and Urban Development Department’s (HUD) existing efforts to make FHA refinancing available to homeowners who need it most,” FHA Commissioner Brian D. Montgomery said in a statement. “One year ago, FHA expanded refinancing into its FHASecure program. Since that time, we have helped more than 360,000 families keep their homes by refinancing with FHA, and we will assist a total of 500,000 families by the end of this year.”

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Bailout Maine

Bangor Daily News

Guanlei Ren

Boston University Washington News Service

September 30, 2008

WASHINGTON – Maine’s two U.S. senators called Tuesday for the approval of a revised bailout plan after lawmakers in the House defeated the legislation by a 228-205 vote on Monday.

“Our nation is facing a dire economic crisis,” Republican Sen. Susan Collins said in a statement. “I am disappointed that a day following the U.S. House’s failure to pass legislation to address this issue, an agreement has yet to be reached on compromise legislation that will pass the House.”


The senator said that Congress must stay in Washington until an agreement is reached and the legislation has been passed.


President Bush warned Tuesday that the economic damage would last and be even worse if the financial rescue plan were not passed.


After the House rejected the plan on Monday fear spread among investors and the Dow Jones industrial plunged 777 points, the most ever for a single day. On Tuesday the market rebounded with the Dow gaining 485 points after it appeared that there would be an effort to revive the emergency rescue plan.


Republican Sen. Olympia Snowe said in a statement, “At a time of tremendous economic peril in this country, it is regrettable the bipartisan process has broken down.”

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CRISIS

Worcester Telegram and Gazette

Rachel Kolokoff and Guanlei Ren

Boston University Washington News Service

September 24, 2008


WASHINGTON – Massachusetts members of Congress voiced skepticism on Capitol Hill Wednesday as Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson again urged Congress to approve a $700 billion bailout plan for Wall Street.


Though Paulson and Bernanke said at the House Financial Services Committee hearing that the bailout is required to stave off a worsening financial crisis, congressmen are reluctant to approve such a large investment in devalued financial assets without further assurance that taxpayers will benefit in the long run.


“I think we need to protect the taxpayers of this country, and handing $700 billion to Wall Street with no conditions, no oversight and no accountability is irresponsible,” U.S. Rep. James P. McGovern, D-Worcester, said.

Rep. McGovern said the last time Congress made the mistake of giving the administration free rein was with the Iraq war.


“When they passed that resolution, they basically gave President Bush whatever he wanted and that turned out to be a tragedy,” Rep. McGovern said.


U.S. Rep. John W. Olver, D-Amherst, also said the plan needs more regulations.


“The plan as first put forward by Secretary Paulson was essentially a $700 billion blank check,” Rep. Olver said in a statement. “It offered a bailout for Wall Street with virtually unlimited powers that could not be reviewed by another federal agency.”

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