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 Collection: Congressional Research Service Reports
The Cost of Government Financial Interventions, Past and Present

The Cost of Government Financial Interventions, Past and Present

Date: September 23, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The results of previous government financial interventions are summarized in this report.
Contributing Partner: UNT Libraries Government Documents Department
The Department of Energy's Weatherization Assistance Program

The Department of Energy's Weatherization Assistance Program

Date: July 17, 2002
Creator: Butler, Alice D
Description: The U.S. Department of Energy’s (DOE) Weatherization Assistance Program (WAP) is one of the largest energy conservation programs in the nation. The DOE program is implemented in all 50 states, the District of Columbia and Native American Tribes. It weatherizes an average of 70,000 dwellings per year. The program strives to increase the energy efficiency of dwellings occupied by low-income persons in order to reduce their energy consumption and lower their fuel bills. It targets vulnerable groups including the elderly, people with disabilities, and families with children.
Contributing Partner: UNT Libraries Government Documents Department
The Department of Energy's Weatherization Assistance Program

The Department of Energy's Weatherization Assistance Program

Date: November 14, 2001
Creator: Butler, Alice D
Description: The U.S. Department of Energy’s (DOE) Weatherization Assistance Program (WAP) is one of the largest energy conservation programs in the nation. The DOE program is implemented in all 50 states, the District of Columbia and Native American Tribes. It weatherizes an average of 70,000 dwellings per year. The program strives to increase the energy efficiency of dwellings occupied by low-income persons in order to reduce their energy consumption and lower their fuel bills. It targets vulnerable groups including the elderly, people with disabilities, and families with children.
Contributing Partner: UNT Libraries Government Documents Department
The Department of Housing and Urban Development (HUD): FY2006 Budget

The Department of Housing and Urban Development (HUD): FY2006 Budget

Date: August 1, 2005
Creator: McCarty, Maggie; Foote, Bruce E & Boyd, Eugene
Description: On July 21, 2005, the Senate Appropriations Committee approved a $34.8 billion FY2006 budget for HUD. Like the House version, the Senate bill rejects the President’s Strengthening America’s Communities Initiative (SACI). It increases funding above both the President’s request and the House version for HOPE VI, Community Development Block Grant (CDBG)-related programs (including Section 108 loan guarantees), Native American Housing Block Grants, and Rural Housing and Economic Development.
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The Department of Housing and Urban Development (HUD): FY2006 Budget

The Department of Housing and Urban Development (HUD): FY2006 Budget

Date: July 14, 2005
Creator: McCarty, Maggie; Foote, Bruce E & Boyd, Eugene
Description: On July 21, 2005, the Senate Appropriations Committee approved a $34.8 billion FY2006 budget for HUD. Like the House version, the Senate bill rejects the President’s Strengthening America’s Communities Initiative (SACI). It increases funding above both the President’s request and the House version for HOPE VI, Community Development Block Grant (CDBG)-related programs (including Section 108 loan guarantees), Native American Housing Block Grants, and Rural Housing and Economic Development.
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An Economic Analysis of Large-Scale Mortgage Refinancing Proposals: A Brief Overview of S. 3522 and S. 3085

An Economic Analysis of Large-Scale Mortgage Refinancing Proposals: A Brief Overview of S. 3522 and S. 3085

Date: September 11, 2012
Creator: Hoskins, Sean M.
Description: This report provides a brief overview of policy proposals for the large-scale refinancing of mortgages for borrowers shut out of traditional financing methods.
Contributing Partner: UNT Libraries Government Documents Department
Effects of Flat Taxes and Other Proposals on Housing: An Overview

Effects of Flat Taxes and Other Proposals on Housing: An Overview

Date: June 17, 1996
Creator: Gravelle, Jane G
Description: Studies have estimated that some of these revisions would cause a decline in demand for houses and significant reduction in house prices--perhaps in excess of 15 percent. These studies, however, presumed a fixed supply of housing; even a limited supply response would greatly decrease predicted asset price effects. Supply response is likely to be large in the long run and not insignificant in the short run. Effects on housing demand might also be mitigated by increases in savings rates and lower interest rates. Thus, effects of the flat tax on housing prices are likely to be limited in the short run and very small in the long run. Rental housing demand, on the other hand, would be encouraged with a shift to a consumption tax base.
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The Emergency Economic Stabilization Act's Insurance for Troubled Assets

The Emergency Economic Stabilization Act's Insurance for Troubled Assets

Date: October 8, 2008
Creator: Webel, Baird
Description: Many observers trace the root cause of recent instability in financial markets to uncertainty surrounding the value of widely held securities that are based on mortgages and mortgage-related assets. The introduction of the Emergency Economic Stabilization Act of 2008 (EESA) was designed to address said financial instability through a variety of measures, including an insurance program for "troubled assets." This report briefly summarizes and analyzes the insurance program contained in the enacted version of the EESA.
Contributing Partner: UNT Libraries Government Documents Department
The Emergency Food and Shelter Program

The Emergency Food and Shelter Program

Date: September 29, 2005
Creator: Perl, Libby
Description: The Emergency Food and Shelter (EFS) Program allocates funds to local communities to fund homeless programs including soup kitchens, food banks, shelters, and homeless prevention services. The EFS program is part of the Federal Emergency Management Agency (FEMA), and after Hurricane Katrina struck, some questions have arisen about the use of EFS program funds for Presidentially-declared disasters. This report describes how the EFS program operates through a National Board, local boards, and local recipient organizations. It further discusses the use of EFS program funds during disasters, and recent attempts to move the program from FEMA to the Department of Housing and Urban Development (HUD).
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Fannie Mae and Freddie Mac in Conservatorship

Fannie Mae and Freddie Mac in Conservatorship

Date: September 15, 2008
Creator: Jickling, Mark
Description: On September 7, 2008, the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that play a critical play in the U.S. home mortgage market, in conservatorship. As conservator, the FHFA has full powers to control the assets and operation of the firms. Dividends to common and preferred shareholders are suspended, but the U.S. Treasury has put in place a set of financing agreements to ensure that the GSEs continue to meet their obligations to holders of bonds that they have issued or guaranteed. This means that the U.S. taxpayer now stands behind about $5 trillion of GSE debt. This report provides basic information on the GSEs, the government intervention, and the potential cost to the taxpayer.
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