President Obama nominated Representative Mel Watt (D–NC) as new chief regulator to the Federal Housing Finance Agency (FHFA), replacing the current acting director Edward DeMarco. Watt has strong support from liberals in both the House and the Senate as a longtime member of the House Financial Services Committee and advocate …
Fairfax County, VA, has used taxpayer funds to subsidize “affordable housing” in luxurious housing developments where homes retail for more than $800,000, an investigation by Virginia’s Thomas Jefferson Institute for Public Policy has found. The affordable housing units are reportedly worth about half a million dollars each – more than …
