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However, to fully understand how this legislation came to pass, and why it is helpful contextually to review the history of land banking and tax foreclosure in Ohio. In the 1970s, Ohio had passed what can be viewed as traditional land bank legislation, which authorized municipalities, counties, and townships to create land banks.
The GSEs were authorized by congressional legislation to perform a very specific set of activities, primarily focused on providing loans to consumers or businesses for a designated purpose, and mostly related to real estate and housing. the legislation establishing them). A few of the recommendations require legislation by Congress. [4]
Depending on legislation, they also include those built before a certain year. The regulation targeted buildings built before 1961 in these districts and buildings built before 1977 in Lower Manhattan. As well, those buildings with shallow floor plans , which potentially makes it easier to supply residential units that are up to code.
Importantly, this series is based on the widely held view that congressional legislation to reform the GSEs will not occur in the foreseeable future and that any significant changes to the GSE structure will thus need to be implemented via “administrative means,” as defined directly below. That portfolio peaked at over $1.5
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