Fannie Mae and Freddie Mac lower mortgage financing goals for below-median income levels.
After initially aiming to direct 57 percent of Fannie Mae and Freddie Mac mortgage financing toward homes for people with incomes no greater than the median in their areas, the Department of Housing and Urban Development (HUD) said that the companies should lower the goal to 56 percent by 2008. "The current level for the so-called government-sponsored enterprises, or GSEs, is 50 percent...HUD's announcement was somewhat surprising because the Bush administration's housing chief said last month that the government-chartered companies "must do more" to help low- and moderate-income and minority families become homeowners."
Thanks to David Gest
Read the full story: HUD shaves homeownership goals
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
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NYC DOT wants faster, more permanent street upgrades
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Trump to overrule local leaders, lease millions of acres of America’s Pacific Island territories’ seafloors to mining companies
International law says that the Indigenous people of America’s territories have a right to prior and informed consent regarding projects that impact their countries.
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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KFH Group Inc.
Greater Baltimore Committee
The Architects Foundation
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The Urban Renewal Agency of the City of Pocatello