HUD Announces NSP3
HUD has announced round three of the Neighborhood Stabilization Program, which allows for an additional $1 billion of funding to states and communities fighting the effects of the foreclosure crisis. […]
The Barney Frank Challenge
Barney Frank, the Massachusetts Democrat and chairman of the house Financial Services Committee, sits down with Shelterforce to discuss consumer protection, the future of Fannie and Freddie, the role of FHA, and rental housing and offers a challenge to advocates looking to effect change on the federal level.
PETRA, and What It Means for the ‘Public’ in ‘Public Housing’
As housing advocates, policy analysts, and tenant organizers have examined PETRA, they have found concerns that need to be aired.
The (Not So) Sudden Push Against New Jerseys Fair Share Affordable Housing Policy
Pressure has been building for a long time against the red tape and inflexibility of the agency that implements New Jersey’s landmark fair share housing policy. Can the spirit of Mount Laurel survive the backlash against the details?
Streaming Live: The Fed’s REO and Vacant Property Strategies for Neighborhood Stabilization
The Federal Reserve System is sponsoring a national summit on September 1 and 2 to discuss methods and resources for encouraging neighborhood stabilization in the aftermath of the U.S. home […]
What? No Investment Opportunity?
Here’s a headline o’ the times, courtesy of The Wall Street Journal though it’s a shame that we were ever in a place where buying a home was anything other […]
Senate Passes Financial Reform; NSP 3 Included
With the Senate passing today, by a 60 to 39 margin, a major overhaul to the financial regulatory system (the Restoring American Financial Stability Act of 2010), we’re going to […]
Walkability Dictates Severity of Housing Decline
Here’s an interested graphic from Calculated Risk that reflects the recently released Case-Schiller Home Price Index. The chart indicates that those areas with more central, walkable downtowns have held up […]
HAMP Takes a Licking
All we can say is “ouch.” Dow Jones reports that Thursday’s hearings held by the House Oversight and Government Reform Committee designed to assess HAMP’s progress resulted in what amounted […]
Some Relief in the Gulf for Homeowners
Housing Wire reported this morning that mortgage giant Fannie Mae has authorized its servicers to reduce mortgage payments or suspend payments altogether for those homeowners affected by the BP oil […]
Strategic Default Can Make Sense, Right? Well, Not So Fast
Walking away from one’s mortgage, particularly a mortgage that is underwater, has increasingly become a viable option for homeowners who can no longer live by the terms of their mortgage […]
Sustainability: Still a Novel Idea
I had an exchange with an acquaintance about a recent tweet we put out when we were covering the fourth annual summit of the National Alliance of Community Economic Development […]