article thumbnail

A History of Ohio Land Banking 2009–2021: From Legislation to Operation

Center for Community Progress

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. In 2006, the Ohio General Assembly passed this legislation. The trend continued for the next several years.

2009 52
article thumbnail

The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)

The Stoop (NYU Furman Center)

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