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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.
Office to residential conversions are a once-in-a-generation opportunity to provide affordable housing in New York City. In their “ Making New York Work for Everyone ” plan, released in January, Mayor Adams and Governor Hochul expressed eagerness to build more housing in New York City’s business districts after COVID.
Previously, she was a Senior Committee Counsel for both the House of Representatives and Senate Committees on Homeland Security. In this podcast we do deep dive into the legislative process of the Congress of the United States. In this podcast we do deep dive into the legislative process of the Congress of the United States.
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 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.
Once-thriving middle-class neighborhoods with much history, shops, solid housing stock, and cultural treasures transitioned almost overnight into vacant and abandoned streets and retail strips. In 2006, the Ohio General Assembly passed this legislation. Ohio’s Traditional Land Bank Law. The trend continued for the next several years.
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.
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.
Introduction In April, the Federal Housing Finance Agency (FHFA) officially solicited public comment on a proposal from Freddie Mac, one of the two large government-sponsored enterprises (GSEs) it oversees, to begin a pilot program to finance closed-end second (CES) mortgages. It seems clear it would not.
The second cohort of the county's Community Planning Lab wrapped up last month after the class spent weeks learning about urban development and design, planning and zoning, public engagement, affordable housing, transportation, land use and more. Photo: David Jackson, Park Record. I think that's reasonable.
Manufactured housing (MH) has recently taken on a high profile among affordable housing advocates, including in the Biden administration. As a result, the search for ideas to increase the usage of MH has been building given the critical affordable housing shortage that has grown for many reasons over at least the last decade.
You need to craft data-driven narratives that connect with the intended audience, whether government officials, legislators or constituents. Their research supports policy development around a wide array of issues, from transportation, energy and natural resources to education and housing. Its not enough to dig up good data.
Introduction The high level of closing costs has been placed onto housing policy’s front burner by two recent events. This could significantly increase affordability, especially for FTHBs, and make housing transactions generally more cost-effective for both buyers and sellers. 3 In the modern era, U.S. labor force of 168 million.
This report—produced by the NYU Furman Center and the Urban Institute’s Housing Justice team—uses a mix of public and proprietary data to better understand where those vulnerabilities might lie in New York City. 6 At the same time, the City’s Zoning Resolution (ZR) continues to evolve in response to housing needs.
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.
Despite all Kenney’s talk about respecting the city’s treasures, we saw the commission’s board cut a deal with developer Leo Addimando in 2020 to significantly modify International House on the very day it placed the award-winning student dormitory in West Philadelphia on the city’s historic register.
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).
Despite the existence of CEEFPA and additional tenant protections that include the COVID-19 Emergency Rental Assistance Program (“CERAP”) and the Tenant Safe Harbor Act , there was never a complete moratorium on eviction cases proceeding through the New York City Housing Court. Unexecuted Warrants.
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.
Across the country, policymakers are dealing with the impact of exclusionary zoning practices that have created barriers to housing supply and restricted access to high-opportunity neighborhoods for low-income families. The median rent of a housing unit in Westchester County increased by roughly 2.5 percent to 19.2
I write that for the most part, DC's legislators have it pretty good. But the fact is that Congress does have the final authority on approving local legislation, even though the DC Home Rule Act of 1973 pretty much created local control of local governance. I proudly wear my “51” hat.
It took the White House until 1995 to issue an executive order stating that the government would not do so. Due in part to this directive, the percentage of federal employees who identify as LGBTQ+ has grown in recent years—from less than 6% in 2020 to almost 7% in 2022.
In non-emergency situations, local government housing loans are authorized “only when the planning, construction, and financing of residential housing is not otherwise available to ‘persons and families of low income’” due to “the inability of private enterprise and investment, without assistance, to meet that need.” 29, 49, 50 (1970).
Introduction The most discussed topic in housing finance policy in the last few months has been whether and when the second Trump administration (Trump II) might end the conservatorships of Fannie Mae and Freddie Mac (F&F), the two large government-sponsored enterprises (GSEs). It has been amended in several modest ways since then.
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.
on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers” announcing that the GSEs had just been placed into conservatorship, in which he referenced “…the inherent conflict and flawed business model embedded in the GSE structure…” See [link]. Paulson, Jr.
This legislation included a substantial "crack" in the over 70-year-old, court-imposed Feres doctrine, which barred tort claims by military members against the United States for injuries incurred incident to service. The provision also sets a two-year statute of limitations except for 2017 injuries that are filed in 2020.
Note that I think my Signature Streets concept is more expansive (" Extending the "Signature Streets" concept to "Signature Streets and Spaces" ," 2020). -- Complete Streets webpage , US DOT, via archive.org It's not the end of the world. The project, called Move Culver City , was a 1.3 And maybe UDOT will buckle. We'll get to do it.
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.
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