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The GSE Conservatorships: Fifteen Years Old, With No End in Sight

The Stoop (NYU Furman Center)

Under the pressure of the financial crisis, in mid-2008, the market began to lose confidence in the implied guarantee given its informal and unwritten nature. 7] Because Congress had set up the GSEs through legislation, the Obama administration believed it was up to Congress to develop revisions to that legislation to eliminate these defects.

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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. mortgage originations. .” mortgage originations. More political than commercial.

2008 88
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What should the program for a Transportation Management District look like?

Rebuilding Place in Urban Space

Note that the streetcar has been particularly useful in stoking development (" Streetcar through Sugar House and South Salt Lake has spurred up to $2B in economic growth ," Salt Lake Tribune ), which contributes to density, which helps to build the foundation for shifting more trips to sustainable modes.

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Missing obvious opportunities to strengthen rail-based transit systems: Philadelphia Navy Yard and improvements to the transit "network"/platform

Rebuilding Place in Urban Space

From a PI blog entry in 2015 : The Navy Yard development is home to GlaxoSmithKline, Urban Outfitters, a Marriott and about 140 other companies. Another two million square feet is slated to be developed and the previous feasibility study estimated about 8,000 people would use rail service by 2045. About 13,000 people work there.

2015 52
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What is the competitive advantage for the post-covid city? Doubling down on place values

Rebuilding Place in Urban Space

an urban design dating from the walking and transit city eras of urban development, therefore supporting walkability, transit, and biking 3. I argue that a lot of urban policy was developed when cities where losing population and stabilization was the primary goal, staunching outmigration. historic architecture 2.

2016 52
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Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

In the years immediately following conservatorship (which began in September 2008), the FHFA increasingly took over setting the average G-fee. trillion in 2016, which at the time was almost twice the size of the Federal Reserve’s balance sheet and became the largest source of GSE profits.

2008 52
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Eastern Market DC's 150th anniversary last weekend | And my never realized master plan for the market

Rebuilding Place in Urban Space

In 2009, I was appointed to serve on the Community Advisory Committee, representing the Eastern Market Preservation and Development Corporation. This was proposed a number of years ago for EM, first in the Barry Administration and then around 2012-2013, but the vendors fought it, with the support of now Mayor Muriel Bowser.