Media analysts and economists are confused about presidential candidate John McCain's proposed "Homeownership Resurgence Plan," which would see Washington spend up to $300 billion to become a "lender of last resort."
"At the beginning of Tuesday night's presidential debate, Mr. McCain unveiled a hugely ambitious and hugely expensive proposal to help solve the mortgage crisis that is at the root of the economic distress afflicting Americans and everyone else. If elected president, he would turn the United States government into the lender of last resort for homeowners at risk of defaulting on their mortgage.
The plan is called the American Homeownership Resurgence Plan...It would rescue people at risk of losing their homes by having the government take over their mortgage and provide a new one on better terms.
The government would purchase the mortgage from the lender and renegotiate a new mortgage with the homeowner, based on the home's reduced value, at a rate significantly lower than that offered by the banks. The cost: $300-billion.
But there are questions. Boy, are there questions."
FULL STORY: McCain's befuddling $300-billion mortgage-crisis plan
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
Central Florida’s SunRail Plans Major Expansion
The expanded train line will connect more destinations to the international airport and other important destinations.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
Major US Cities Still Suffering Downtown Decline
Research shows that the “donut effect” hollowing out central business districts since the pandemic continues to cause economic decline in the 12 largest American cities.
Terre Haute Transit Goes Fare-Free
Buses in the Indiana city will be free as of January 2.
DC Bike Share Growing Fast, But Regional Gaps Remain
The wildly popular system ‘frays at its geographic edges,’ making its use less effective outside the central District.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Los Alamos County
City of Culver City
Skagit Transit
American Planning Association, Sustainable Communities Division
HUDs Office of Policy Development and Research
HUDs Office of Policy Development and Research
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners