Housing non-profits and the economic downturn
The collapse of the housing market has forced non-profits to reconcile the opposing forces of increased need with increased competition for resources. The Blackbaud Index of Charitable Giving reported...
View ArticleAffordable housing industry focuses on CRA reform
In cautious political climate, CRA reform takes center stage The affordable housing industry is coming off a year in which the market for tax credits dramatically recovered from a period of capital...
View ArticleThe dirty almost-two-dozen: the lenders behind the USDA’s 502 troubles
A January 13th article in the New York Times, entitled Auditors See Rising Defaults in Rural Loans, focused on the USDA’s mishandling of $133 million in budget authority for Rural Development’s...
View ArticleUSDA 538 struggle continues
Questions arise surrounding the default rate as the affordable housing industry fights to keep the program alive On February 14th we posted a story on the Obama administration’s proposed elimination of...
View ArticleLIHTC in the balance: Tax-loophole or social policy?
Part I in a series that will examine the congressional super committee and the Low Income Housing Tax Credit program At several points during the debate over raising the debt ceiling, Washington...
View ArticleLIHTC in the balance: safe for now?
The debate over comprehensive tax reform and the implications of such reform on the tax credit program have been a long simmering issue in the affordable housing community. A flurry of reports on debt...
View ArticleThe Implications, Intentions, and Likely Outcomes of “Operation Twist”
On September 21 the Federal Reserve Board (FRB) announced that it would undertake further monetary stimulus in an attempt to revive the staggering economy. The FRB made the announcement after their...
View ArticleFHFA Clears Hurdles for More Homeowners to Refinance Under HARP
Prospects for Increased Program Participation On October 24, the Federal Housing Finance Agency (FHFA) announced that it will modify a number of borrower eligibility and lender participation...
View ArticleRepublicans Introduce Bills to Reform the Housing Finance Market
Potential Problems with Privatization In the past two weeks, senior republicans in the House and Senate have introduced comprehensive legislation to reform the nation’s housing finance system. On...
View ArticleAusterity and Housing Policy in 2011
“A favorite tactic for zealots on the right and the left is to try to disguise their ideology and values as economic necessity.[ii] Financial pressures seem to be leading the U.S. to make a fundamental...
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