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  • affordable housing

    Focus on Eliminating Housing GSEs, Not Giving Them a Duty to Serve

    As Congress continues to delay shutting down the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, affordable housing advocates are ramping up the pressure on the federal government to fund “housing for the poor.” These groups may have good intentions, but their way of thinking is typical of the dangers … More

    GSE Reform: Eliminate Fannie and Freddie, but Don’t Replace Them

    The President’s State of the Union address overshadowed some very important news relating to housing finance reform. Last Wednesday, Senators Bob Corker (R–TN) and Mark Warner (D–VA) promised to renew efforts to pass a bill they introduced in June 2013 that would close down Fannie Mae and Freddie Mac. It … More

    Congress Is Right to Keep the Housing Trust Funds Closed

    Affordable housing groups are hoping that new Federal Housing Finance Agency (FHFA) director Mel Watt will reverse course and finally fill two national housing trust funds with money. But, in a preemptive move, Representative Ed Royce (R–CA) has introduced the Pay Back the Taxpayers Act of 2014 (H.R. 3901) that … More

    Housing Finance Nominee: Expect Big Government Housing Policies Doomed to Fail

    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 … More

    County Subsidizes $500,000 Homes Under 'Affordable Housing' Banner

    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 … More