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. Everything seemed to work as planned—until 2008. 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 2)

The Stoop (NYU Furman Center)

It describes how the GSE design defect had very publicly manifested itself in these institutions prior to their being taken over by the government via conservatorship in 2008. Today, agency MBS outstanding is about $9 trillion, two-thirds of all first-lien mortgage dollars, while bank-held mortgage loans only account for $2.6

2008 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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)

11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. ” The Pre-2008 Fannie Mae and Freddie Mac F&F were relatively small prior to the Savings & Loan (S&L) Crisis of 1989, having only a single-digit market share of funding U.S.

2008 88
article thumbnail

Eastern Market DC's 150th anniversary last weekend | And my never realized master plan for the market

Rebuilding Place in Urban Space

I participated in a workshop on the plaza led by Project for Public Spaces and Scenic America in 2004 ( write up ). We did this in 2008 or 2009. Use the daypart model, account for seasons, city-wide events that you may or may not be able to leverage, and organize it by program area -- food, arts, etc.