The mortgage crisis is really beginning to bite into affordable housing production programs. I just learned of a community development corporation which has completed an affordable housing development that it has been working on for many years only to find out that mortgage financing cannot be obtained to sell the units in the development. With [...]
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Archive | December 1, 2008
Is federal disaster assistance an entitlement?
December 1, 2008
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The back-and-forth between the Texas governor and the US Secretary of Homeland Security over who will pay for the removal of disaster debris from Hurricane Ike raises the question, “Is federal disaster assistance an entitlement?” Governor Perry has blasted the federal government for paying to bail out Wall Street banks but refusing to bear 100 [...]
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