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A History of Ohio Land Banking 2009–2021: From Legislation to Operation

Center for Community Progress

At the height of the foreclosure crisis post-2008, a group of elected officials, community development practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. In 2006, the Ohio General Assembly passed this legislation. Ohio’s Traditional Land Bank Law.

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Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability

The Stoop (NYU Furman Center)

First, the implementation timeline is rather long, as key recommendations are significantly dependent upon Congress passing legislation – and it must be assumed that such passage will require, at a minimum, at least several years. This is an extremely significant development in my view. 28 But, surprisingly, the Report (p.

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Over Forty National, Local, and Land Bank Stakeholders Join Community Progress in Asking Bank Regulators to Strengthen the CRA

Center for Community Progress

Passed in 1977, the Community Reinvestment Act (“CRA”) is one of the most important pieces of legislation working to bring financial resources into historically underserved neighborhoods nationwide. You can read our comment here. Recognize the work of land banks as CRA-eligible. Don’t limit the scope or scale of CRA.

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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and community development mission given to it by Congress. Additionally, a decade later in 1999, legislated changes were made that included broadening the asset types that could be used as collateral to secure FHLB advances.

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Mourning Gus Frangos (1955 – 2024)

Center for Community Progress

Beginning with the founding of the Cuyahoga Land Bank in 2009 , his approach to land banking set a new standard for what these institutions could achieve. I still remember clearly our first work together in Cleveland brainstorming the possibility of legislation dealing with this strange thing called land banks.”

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Policy Minute: Exclusionary Zoning

The Stoop (NYU Furman Center)

New York State Senator Rachel May introduced New York Senate Bill 7635 that would provide affordable housing developments a streamlined land use approval process in exclusionary jurisdictions. The brief highlights the impact of New York’s restrictive zoning on housing supply and the risks of future legislative inaction.

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State of the Nation - a UK Perspective on Covid-19

Disaster Planning and Emergency Management

The scenario for this pandemic (excluding the recovery) was fully formulated over the period 2003-2009. The last two of these were either not developed enough or were allowed to lapse. I have taught it every year since then. There were major exercises on pandemics in 2005, 2007 and 2016. The plans were not connected to anything.