In this column, Neal Peirce argues that the country needs to take a step back in time to the regulations and policies of the early 1970s to solve the current mortgage meltdown.
"Houses vacated by foreclosures are deteriorating into eyesores, encouraging crime, depressing property values, costing localities revenues they need for schools, police and other vital services."
"Is there a villain in this story? Yes, and he's hidden in plain view: a heavily lobbied federal government that lost sight of ordinary Americans' interests."
"That's the story told in The American Prospect magazine by John Atlas of the National Housing Institute and Peter Dreier, a professor of politics at Occidental College in Los Angeles. The problem, they say, is that Washington succumbed to pressure from Wall Street and other financial players and deregulated a once stable, smoothly functioning American housing finance market. And that the only way out is a U-turn, back to circa 1970 or earlier in national regulation."
Read the full story: Back to the future to cure the mortgage scandal?
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment
The Missouri city will host the 2028 Olympic soccer group stage and knockout matches.
‘No clear next steps’ for Chicago's permanent festival grounds
Eleventh Ward Ald. Nicole Lee has suggested Soldier Field as a possible location for the permanent event space.
California, Hawaii, Rhode Island approve housing propositions
Hawaii and Rhode Island each approved their sole proposition, while California approved two of its three.
Officials claim feds 'rushed' Amtrak environmental review
Amtrak plans to move their Chicago maintenance facility from an industrial area to a residential one.
FREE Course: Walkable City 1: Why Walkability?
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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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Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
Montrose County
The Pocatello Development Authority