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trillion in 2016, which at the time was almost twice the size of the Federal Reserve’s balance sheet and became the largest source of GSE profits. Not surprisingly, the two companies highly prioritized protecting those subsidies, which meant maintaining political support in Congress to ensure no legislation was passed to take them away.
Legislative measures such as the UPHPA and the transfer-on-death deed law are important steps forward, but additional efforts are needed to guarantee that homeowners know about and have access to the legal and financial resources necessary to protect their properties. .” ” New York, NY: 2016; Way 2024. 2023; Pippin et al.
The legislation also called for spending $10 billion to create 20 Regional Innovation and Technology Hubs over the next five years that would research, develop and commercialize a wide range of advanced technologies. The funding for the hubs comes from last year’s $54.2 billion CHIPS Act. manufactured semiconductors.
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