article thumbnail

DC's crime bill overturned by Congress

Rebuilding Place in Urban Space

I write that for the most part, DC's legislators have it pretty good. But the fact is that Congress does have the final authority on approving local legislation, even though the DC Home Rule Act of 1973 pretty much created local control of local governance.

article thumbnail

Community radio as an element of local cultural planning

Rebuilding Place in Urban Space

While it is a pathbreaking initiative, at the same time, it's static in that it is a funding source extremely difficult to modify for supporting "new" programs, because it requires the State Legislature to change the enabling legislation. A loss for community-based radio programs.

Insiders

Sign Up for our Newsletter

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

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. that limit is $31,900 for 2022, meaning the circuit breaker income limit is $47,850 for 2022); and, Have lived in their home for at least 5 years.

Laws 40
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)

Through 2013, the fee moved up strongly as part of the FHFA’s push to raise the cost of GSE mortgages in an attempt to “crowd in” more private market capital into mortgage lending. The FHFA then indicated that it ended this delay and began to employ the newer, higher capital requirement approach beginning in 2022.

2008 52
article thumbnail

Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes. the legislation that established them). 16] This is symbolic legislation, as there is no chance it will be passed by the Democratic-controlled Senate. [17] It is discussed below. [19]