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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.
By: Liz Kozub I got my start in transforming vacant properties in 2012 as an intern for the City of East McKeesport, Pennsylvania, a dense community of just over 2,000 residents with tremendous community pride. I went house-to-house with a clipboard documenting the conditions of vacant properties that dotted its beautiful brick streets.
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.
Only the General Assembly is authorized to create property tax exemptions, and when that legislative body creates exemptions they must apply uniformly across the state. One idea proposed by housing advocates is to modify the “circuit breaker” residential tax exclusion so that it benefits more taxpayers.
In 2010 and 2012 I wrote about such initiatives for the Detroit Zoo (actually located in Oakland County) and the Detroit Institute of Arts, which were caught up in the city's bankruptcy. That bill is before the House for final approval next week. Brooks Patterson (" The rise of Oakland County is built on Detroit's Fall ") died).
Approximately one year ago, on June 13, 2012, Representative Lisa Brown (D-Bloomfield) uttered the word that runs ice through the veins and casts fear into the hearts of male elected officials: Vagina. Image: Washington Post. Following the *audacity* that Rep. Brown used a biological, anatomical, even “medical” [gasp!]
The average guarantee fee (G-fee) of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), who currently finance about half of the nearly $13 trillion of outstanding first-lien single-family mortgages in the country, 1 is among the most closely-watched numbers by housing finance policymakers and the mortgage lending industry.
The possibility of a GSE conservatorship exit has sparked considerable media attention, particularly in housing and mortgage industry circles. Is the not-yet-nominated director of the Federal Housing Finance Agency (FHFA) the key to conservatorship exit? Separately, Trump II has the ability to directly reshape GSE mortgage policies.
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] In the end, none were successful.
This means the current administration has the power to make changes in GSE mortgage programs and policies that could materially impact large numbers of current and prospective homeowners, as well as the mortgage and housing industries. First, the White House can tell the FHFA what to do in as much detail as it chooses.
Introduction Since the election of Donald Trump to his second term (Trump II) last November, the most debated topic in housing finance is whether and when his administration might take Fannie Mae and Freddie Mac (F&F) out of conservatorship. [1] An exit from conservatorship can occur through legislation or administrative means.
One of the most discussed topics in housing finance policy in recent months has been whether and when the second Trump administration (Trump II) might end the 16-year conservatorships of Fannie Mae and Freddie Mac (F&F), the two large government-sponsored enterprises (GSEs). billion outstanding.
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