White House Tag Archives

White House Council on Eliminating Regulatory Barriers to Affordable Housing Solicits Information

The White House Council on Eliminating Regulatory Barriers to Affordable Housing through HUD is seeking public comments on all aspects of developing a plan for reducing barriers to affordable housing development, and specifically on

  1. federal barriers to affordable housing development;
  2. state barriers to affordable housing development;
  3. local barriers to affordable housing development;
  4. basis for reducing barriers to affordable housing development;
  5. plan development and implementation; and
  6. research questions.

Comments are due by January 21.

Harvard JCHS Publishes Report on Exclusionary Zoning

In a new paper, Michael Stegman with the Harvard Joint Center for Housing Studiers (JCHS) argues that “eliminating exclusionary land use regulations should be the civil rights issue of our time.” Stegman looks back at five presidential commissions and federal initiatives to eliminate local barriers to housing development, put in motion by both Democratic and Republican administrations, arguing that each was based on the proposition that unnecessary land use regulations drive up production costs and drive down housing supply.

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Economic and Fixed Income Insights, Aug. 20, 2019

Sales of existing homes were up 2.5 percent in July as tumbling rates provide some relief to the housing market. The average 30-year mortgage rate has fallen to 3.6 percent as yields remain depressed on mounting recession fears. Later this afternoon, minutes from the Federal Reserve’s July meeting will offer some insight into its recent decision to cut interest rates. Investors and the White House are calling for further stimulus at next month’s meeting.

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Changing the Inflation Measures on the Official Poverty Measure – Comments Due June 21

The White House Office of Management and Budget (OMB) published a notice soliciting comments on changes to the Official Poverty Measure (OPM). The OPM is currently set by the U.S. Department of Agriculture based on the cost of food and subject to cost-of-living adjustments. This measure is used by the Department of Health and Human Services to set eligibility for a range of low-income assistance programs including Head Start, free and reduced meals in public schools and the Children’s Health Insurance Program, just to name a few. The OMB is proposing to change the OPM inflationary index,  which would have the effect of designating less people as low-income. Comments are due by June 21, 2019.

Vice President Pence Tours Opportunity Zone in Columbia, SC

On Thursday, Feb. 21, Vice President Mike Pence toured an opportunity zone in Columbia, South Carolina with Senator Tim Scott (R-SC). Vice President Pence delivered remarks at the Meeting Place Church which oversees a 23-acre, 215,000 square foot ministry complex which includes a full-service banquet and conference center, a renal care facility, professional counseling services, an eight-screen first-run family movie cineplex, community center and sanctuary.

FHFA Acting Director Announces Plans to Overhaul Housing Finance System

Joseph Otting, acting director of the Federal Housing Finance Agency (FHFA), told employees that the administration would not wait on Congress to overhaul the nation’s housing finance system. According to remarks obtained by POLITICO at a Jan. 17 FHFA staff meeting Otting said, in the next two to four weeks you’re going to be able to see some communication that comes out of the White House and Treasury that really sets a direction for what the future of housing will be in the U.S. and what the FHFA’s part of that will be.”

Following Ottings’s remarks, White House spokesperson Lindsay Walters said in an email, “the White House expects to announce a framework for the development of a policy for comprehensive housing finance reform shortly. At this time, no decisions have been made on any reform plan. As part of the process, however, the Administration will work with Congress to formulate a plan that fully addresses the risks to taxpayers presented by the current housing finance system and that improves the ability of creditworthy Americans to buy a home,” according to the Washington Examiner.