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)

The GSEs were authorized by congressional legislation to perform a very specific set of activities, primarily focused on providing loans to consumers or businesses for a designated purpose, and mostly related to real estate and housing. the legislation establishing them). mortgage originations. mortgage originations.

2008 88
article thumbnail

Options for Expanding Property Tax Relief for Lower Income Homeowners

Community and Economic Development Program of UNC

Only the General Assembly is authorized to create property tax exemptions, and when that legislative body creates exemptions they must apply uniformly across the state. In 2008, the General Assembly added a provision to G.S. Population limits and similar restrictive criteria have been used in at least two property taxes bills.

Laws 40
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Revisiting what I wrote about in 2010/2012 back to the fore: regional cultural funding in Greater Detroit

Rebuilding Place in Urban Space

In 2010 and 2012 I wrote about such initiatives for the Detroit Zoo (actually located in Oakland County) and the Detroit Institute of Arts, which were caught up in the city's bankruptcy. mill tax for the Detroit Zoo they approved in 2008. Brooks Patterson (" The rise of Oakland County is built on Detroit's Fall ") died).

2010 52
article thumbnail

Federalism and the Detroit Bankruptcy Case

Public Policy Blog

USA Today reports that some bankruptcy experts have predicted that Detroit’s case could last as long as three years [a large Californian case in Vallejo took one year to decide if it was even ELIGIBLE for bankruptcy in 2008 then another three years to be released from bankruptcy protection granted]. 2012, April). 2013, July 18).

Laws 52
article thumbnail

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. Not surprisingly, the two companies highly prioritized protecting those subsidies, which meant maintaining political support in Congress to ensure no legislation was passed to take them away.

2008 52
article thumbnail

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.

article thumbnail

Does Mail-in Voting Actually Increase Election Participation?

The Lowe Down

Since 2012, a majority of California citizens have voted by mail in US presidential elections, and most California counties offer a mix of in-person and mail-in voting options to cast one’s ballot. For instance, at a given level of mail-in voting, turnout was highest in 2008 and far lower in 2016 and 2012.

Voting 52