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authorities say that in the 1980s, he commanded a ruthless crack cocaine operation, raking in an estimated $2 million a week and fueling a deadly epidemic that plunged D.C. Then an open-air drug market called The Strip, Edmonds employees once stashed drugs in abandoned houses here and sold them at a clip of 30 transactions a minute.
Once-thriving middle-class neighborhoods with much history, shops, solid housing stock, and cultural treasures transitioned almost overnight into vacant and abandoned streets and retail strips. This number rose to 8,700 in 2003, 9,700 in 2004, 13,943 in 2006, and 14,946 in 2007. Everything seemed to work as planned—until 2008.
Introduction In November of last year, the Federal Housing Finance Agency (FHFA) published a report 1 (the Report) recommending reforms for the Federal Home Loan Bank (FHLB) System. The private persona of a GSE is that it is owned and capitalized by the private sector and operated as a for-profit company.
Welcome to the 'riskscape' On one day in July 2021 fires devastated large areas of Sardinia, flooding occurred for the second time in two weeks in London and I received a message from research colleagues in Germany that read "the institute was quite destroyed and many colleagues have suffered tremendous damage to their houses."
Introduction The Federal Home Loan Bank (FHLB) System 1 is a relatively unknown but important part of America’s housing and financial system, with over $1 trillion in assets. It was established by Congress in 1932 and today consists of 11 regional FHLBanks that operate as one system, cross-guaranteeing each other’s debts.
Cities cost money to operate. Similarly, a school in her neighborhood is closing and she suggests it become a library, even though it's a good site for multiunit housing, when the main library is just a few miles away. But the values of houses north of H Street increased 6x or more, close to a billion dollars for 1,700 houses.
For example, one tree she learned about was planted as a barter between a family that helped a poorer one heat their house in a particularly cold winter. I first heard this concept expressed by David Barth at a presentation in 2004. The helped family planted a special tree in the neighbor's planting strip.
No matter how large a disaster is, it is a local affair because that is where the theatre of operations invariably lies. COBRA, the national 'nerve centre' for directing major emergency actions in the UK, is a relatively small entity that does not match up to the specifications of a well-endowed national emergency operations centre.
I participated in a workshop on the plaza led by Project for Public Spaces and Scenic America in 2004 ( write up ). Cannon's Steak House was a premier restaurant in the old Florida Market District, just like St. It could create the potential for noise conflicts, as it abuts housing on C Street and North Carolina Avenue.)
The third is preserving housing. The Economic Impact of Local Parks: An Examination of the Economic Impacts of Operations and Capital Spending on the United States Economy , National Recreation and Parks Association). I talked about this during the design process, and now that I am on the board of a park, I am proved right.
I know the argument that because the District of Columbia is the National Capital, park and urban design features should be operated by the federal government as an element of beautification. After all, that's how it's done in Paris (" Why Paris Works ," New York Times Magazine , 1992). But there are many others.
This week, September 6 to be exact, marks the fifteenth anniversary of Freddie Mac and Fannie Mae – the two government-sponsored enterprises (GSEs) - being placed into conservatorship by the Federal Housing Finance Agency (FHFA). [1] The Bush administration, therefore, did two things.
Later I summarized it as building better housing for low income residents was important but not the way to improve the local microeconomy. In terms of operating the business, the Main Street recommendation is that a traditional retailer spend no more than 4% of its gross revenue on rent. And an office worker supports 3 s.f.
Bush in 2004. These efforts build on previous White House efforts to connect with users across a range of social media sites and make the experience of the speech appropriate to each platform. And finally, keep engaging with the White House: We’re listening” (Goldman). Bush administration in 2002. No small feat. Look out world.
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