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Under Trump, Treasury Goes Backward on Community Protections
A recent Treasury Department report on bank regulation and policy promotes changes that would move us backward when it comes to building a financial system that is equitable, efficient, and protects consumers and communities from abusive practices.
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Raising the LIHTC Cap
Since the Low Income Housing Tax Credit (LIHTC) became effective in 1987, the credit allocation to states has remained fixed at $1.25 per capita. Thirteen years later, increased construction costs […]
New Markets: Trickle-Down With a Twist
The New Markets program recently passed in the House (H.R. 4923), a tax subsidy scheme to divert capital into low- to moderate-income areas, is yet another variation on the administration’s […]
The National Affordable Housing Trust Fund
Senator John Kerry (D-MA) has introduced S. 2997, the National Affordable Housing Trust Fund Act of 2000. The bill would create a fund with a dedicated source of revenue to […]
Housing and Community Development Campaign 2000
Decent affordable housing in healthy communities for all Americans is just as essential for our nation’s social and economic well-being as are affordable health care and high-quality education. Yet none […]
Millions of Working Americans Still Lack Affordable Housing
Despite the booming economy, affordable rental housing is unavailable to millions of working Americans, concludes the National Low Income Housing Coalition (NLIHC) in its annual Out of Reach report on […]
The Endless Discussion: Reauthorizing Homeless Assistance
Since 1995, when then Assistant Secretary of HUD Andrew Cuomo came to Washington with an idea called the “Continuum of Care,” a seemingly endless procession of homeless assistance reauthorization bills […]
HUD and Congress Remember HUD’s “Forgotten Housing Stock”
Over the past three years, the strong economy has driven up real estate prices in many markets, making the market rate conversion of below market, HUD-assisted or -insured apartments extraordinarily […]
1,000,000 Homes at Risk
Sweeping changes in national housing policy have put hundreds of thousands of public and federally assisted (Section 8) housing units at risk. These drastic policy changes – driven by congressional […]
Washington News & Views
Community Reinvestment Act Under Attack Again The financial services modernization bill that almost passed last year is back, and would permit broad affiliations between banks, insurance companies, and securities companies. […]
Creating an Economic Development Policy Infrastructure
The last dozen years have witnessed the emergence of Community Development Corporations (CDCs) as leading developers of affordable housing in severely distressed urban and rural communities. This housing has helped […]
HUD Budget Approved
After years of wrangling, Congress hastily passed a public housing reform bill in the last days before its October adjournment. Attached as Title V of the FY 1999 HUD/VA appropriations […]
How to Make People Count
Guess how many beans are in the jar and win. How many times have you entered such a contest, even paid money to guess? Well, suppose that there are 435 […]