The Stoop (NYU Furman Center)

MARCH 11, 2024

In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and community development mission given to it by Congress. It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 This works as follows. 17 Denial of the subsidy.

2008 59

2008 Regulations Housing Legislation 59

Center for Community Progress

JUNE 6, 2022

At the height of the foreclosure crisis post-2008, a group of elected officials, community development practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. Everything seemed to work as planned—until 2008. The trend continued for the next several years.

2009 52

2009 Legislation 2021 Operations 52

The Stoop (NYU Furman Center)

MARCH 4, 2024

2 The report came about at a time when the FHLBs have been increasingly criticized for neglecting their housing and community development mission and instead using their subsidies and privileges to benefit their financial institution owners and executives. As an example of their lobbying power, in 2004 and 2005 the George W.

2008 88

2008 Legislation Housing 2004 88