The two corporations are being forced by the new guidelines to divert more money from middle-income financing to the poor. Fannie Mae and Freddie Mac call the new rules "unrealistic."
The National Association of Home Builders joined a growing number of organizations, including Freddie Mac and Fannie Mae themselves, in criticizing HUD's new plan for low-income financing. According to the new guidelines, the two government-sponsored enterprises would be directed to loan more money to low-income home buyers without an increase of funding. Consequently, the groups allege, middle-income home-hunters would be shut out of federal funding.
Thanks to Jeffrey Goodman
Read the full story: Builders to fight Bush's low-income plan
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
Atlanta City Council unanimously backs $3.5 billion Beltline light rail project
The resolution was drafted after Atlanta Mayor Andre Dickens pulled support for the Atlanta Streetcar extension last year.
SEPTA to bring nearby frequent transit to over 1 million new riders as part of decade-long plan
The agency's Accelerate plan will also bring frequent transit to twice the amount of jobs that are currently located near it.
NYC plants over 18,000 trees, the most new foliage in a decade
Many of the trees were planted in communities vulnerable to extreme heat.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
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