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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.
Across the country, small and rural communities grapple with economic challenges and an aging housing stock that leads to similar outcomes: a flood of VAD properties that threaten the health, safety, and resilience of these residents. CP: You played a key role in advocating for West Virginia’s land bank-enabling legislation.
One facet of the legislation stipulated that Michigan land banks must be created by intergovernmental collaboration between a county and the state land bank. In the 20 years since this legislation, Michigan has formed 48 county land banks, one city land bank (DLBA), and the state land bank, which serves the remaining 35 counties.
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.
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.
This one is from February 2014. Development of new housing and retail is happening even outside of the city core, albeit mostly centered around subway stations (Columbia Heights, Petworth, Fort Totten, Takoma, U Street), but even in a couple areas (14th Street, H Street) where subway access is tangential. U Street NW.
State and local policymakers around the country are working to address America’s severe housing shortage, by considering, and implementing, a wide range of policies in the hopes of increasing housing supply. These policies range from substantive revisions to zoning codes to procedural reforms to the land use approval process.
In normal times, it's tough to sell federal properties in DC because first it involves the federal government, but also has to get both the Legislative and Executive Branches to agree, at a time when the Executive Branch is anti-government, anti-urban, and anti-DC. Basically a plan on the DC side, as opposed to the Federal side.
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] However, it never made it past Senate Banking Committee approval in 2014.
The Federal Housing Finance Agency (FHFA), the regulator and conservator of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), has been very prominently in the news lately. The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes.
His interests include questions of democracy, representation, identity and ethnicity, public opinion, legislative politics, Cuban-American and LGBT politics. His interests include questions of democracy, representation, identity and ethnicity, public opinion, legislative politics, Cuban-American and LGBT politics.
His interests include questions of democracy, representation, identity and ethnicity, public opinion, legislative politics, Cuban-American and LGBT politics. His interests include questions of democracy, representation, identity and ethnicity, public opinion, legislative politics, Cuban-American and LGBT politics.
His interests include questions of democracy, representation, identity and ethnicity, public opinion, legislative politics, Cuban-American and LGBT politics. Ben Bishin on the topic of the future of both houses of Congress in the 2022 midterm election cycle. Guest: Ben Bishin (UCR Professor of Political Science).
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.
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