Remove 2010 Remove Housing Remove Legislation
article thumbnail

Testimony of NYU Furman Center Senior Fellow Mark Willis Before the Rent Guidelines Board

The Stoop (NYU Furman Center)

Willis, Senior Policy Fellow at the NYU Furman Center presented research findings at a hearing of the NYC Rent Guidelines Board , highlighting complicated trends in the city’s affordable housing stock since the passage of the Housing Stability and Tenant Protection Act (HSTPA) in 2019. The first, maintaining affordability (e.g.,

Housing 52
article thumbnail

Revisiting the Community Land Trust: An Academic Literature Review

Community and Economic Development Program of UNC

Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.

Housing 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Skepticism Revisited: What New Research Shows About the Impact of Supply on Affordability

The Stoop (NYU Furman Center)

Furman Center faculty directors Vicki Been, Ingrid Gould Ellen, and Kathy O’Regan recently released “ Supply Skepticism Revisited ”, highlighting the latest rigorous research that draws out the nuanced effects housing supply has on housing affordability. “We need all hands on deck producing all housing.”

Housing 115
article thumbnail

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

The Stoop (NYU Furman Center)

Overview of the FSOC Report The FSOC was created in 2010 as a federal interagency committee primarily to identify threats to financial stability and recommend actions to avoid them. A focus on MBS securitized through the smaller Ginnie Mae can follow later, as legislation would likely be required.)

article thumbnail

New Report on Ten Years of Land Banking in New York Offers Compelling Metrics of Success, Useful Lessons, and a Lot of Inspiration

Center for Community Progress

Then, I heard that New York was exploring legislation to allow municipalities and counties to create land banks. After New York passed this landmark land bank-enabling legislation, I worked with County and local officials to help establish the Broome County Land Bank in 2012, one of the first land banks in the state. I wondered.

article thumbnail

The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)

The Stoop (NYU Furman Center)

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 legislation establishing them). However, F&F launched a major lobbying effort and successfully defeated the legislation in Congress.

article thumbnail

Five Principles for a New 421-a Property Tax Exemption

The Stoop (NYU Furman Center)

A property tax exemption in New York City is necessary to make rental housing development financially feasible across the city’s varied markets, according to a new policy brief by the NYU Furman Center. A significant portion of New York City’s newly built housing has relied upon a 421-a exemption.

Housing 64