Congressional Research Service Reports - Browse

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Understanding Mortgage Foreclosure: Recent Events, the Process, and Costs

Description: This report provides a general analysis and overview of current foreclosure issues addressed in the bills cited above. It begins with a description of the behavior of aggregate foreclosure rates. The behaviors of foreclosure rates are placed in the context of activity in the housing and mortgage market to illustrate any relationships. The foreclosure process is then explained, first from the point of view of a traditional financial lending institution, and then from the viewpoint of securitization when loans are sold in secondary markets. Finally, this report collects information from other studies to obtain an estimate of the average foreclosure costs. A brief discussion of the effect uniform foreclosure legislation may have on costs follows.
Date: November 5, 2007
Creator: Getter, Darryl E.
Partner: UNT Libraries Government Documents Department

Transportation, Housing and Urban Development, and Related Agencies (THUD): FY2009 Appropriations

Description: This report is a guide to one of the regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the Subcommittees on Transportation, Housing and Urban Development, and Related Agencies of the House and Senate Committees on Appropriations. It summarizes the current legislative status of the bill, its scope, major issues, funding levels, and related legislative activity. The report lists the key CRS staff relevant to the issues covered and related CRS products.
Date: June 19, 2008
Creator: Peterman, David Randall & Frittelli, John
Partner: UNT Libraries Government Documents Department

VA Housing: Guaranteed Loans, Direct Loans, and Specially Adapted Housing Grants

Description: This report discusses three types of housing assistance-the loan guaranty program, direct loan programs, and Specially Adapted Housing program-their origins, how they operate, and how they are funded. The report also has a section that discusses the default and foreclosure of VA-guaranteed loans.
Date: April 24, 2012
Creator: Perl, Libby
Partner: UNT Libraries Government Documents Department

An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.
Date: February 24, 2006
Creator: Jackson, Pamela J
Partner: UNT Libraries Government Documents Department

An Introduction to the Low-Income Housing Tax Credit

Description: This report discusses the low-income housing tax credit (LIHTC) program, which is one of the federal government’s primary policy tools for encouraging the development and rehabilitation of affordable rental housing. These non-refundable federal housing tax credits are awarded to developers of qualified rental projects via a competitive application process administered by state housing finance authorities.
Date: November 7, 2014
Creator: Keightley, Mark P. & Stupak, Jeffrey M.
Partner: UNT Libraries Government Documents Department

An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.
Date: December 15, 2009
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

An Introduction to the Low-Income Housing Tax Credit

Description: This report discusses the low-income housing tax credit (LIHTC) program, which is one of the federal government’s primary policy tools for encouraging the development and rehabilitation of affordable rental housing. These non-refundable federal housing tax credits are awarded to developers of qualified rental projects via a competitive application process administered by state housing finance authorities.
Date: February 12, 2013
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

Transportation, Housing and Urban Development, and Related Agencies (THUD): FY2009 Appropriations

Description: This report is a guide to one of the regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the Subcommittees on Transportation, Housing and Urban Development, and Related Agencies of the House and Senate Committees on Appropriations. It summarizes the current legislative status of the bill, its scope, major issues, funding levels, and related legislative activity. The report lists the key CRS staff relevant to the issues covered and related CRS products.
Date: September 9, 2008
Creator: Peterman, David R. & Frittelli, John
Partner: UNT Libraries Government Documents Department

An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.
Date: October 15, 2008
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.
Date: August 22, 2008
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.
Date: June 20, 2008
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable.
Date: January 24, 2008
Creator: Jackson, Pamela J.
Partner: UNT Libraries Government Documents Department

Affordable Care Act (ACA) and the Appropriations Process: FAQs Regarding Potential Legislative Changes and Effects of a Government Shutdown

Description: This report provides background information on the Affordable Care Act (ACA). It discusses the ACA and the annual appropriations process and the potential impact of a shutdown on ACA implementation.
Date: October 2, 2013
Creator: Redhead, C. S.; Tollestrup, Jessica; Liu, Edward C. & Brass, Clinton T.
Partner: UNT Libraries Government Documents Department

Federal Real Property: Inventory and Disposal Initiatives

Description: This report provides background and discusses the inventory and disposal of public lands and other Federal property. For many years the Federal Government has operated under a statutory policy of retaining public domain lands and has disposed of the proceeds from the sale of surplus property other than by the reduction of the national debt. Under the present system, the Government disposes of some types of land when it is determined to be surplus to Government needs, or, in the case of public lands, when it is determined that the national interest would best be served by the sale or exchange of particular tracts of land.
Date: January 27, 1983
Creator: Simmons, Malcolm; Baldwin, Pamela & Bea, Keith
Partner: UNT Libraries Government Documents Department

Financial Institution Insolvency: Federal Authority over Fannie Mae, Freddie Mac, and Depository Institutions

Description: This report provides an overview of the U.S. credit crunch and its effect on Fannie, Freddie, Banks, and Thrifts. The report discusses the Federal Deposit Insurance Corporation (FDIC) and insolvent banks and thrifts.
Date: September 10, 2008
Creator: Carpenter, David H. & Murphy, M. M.
Partner: UNT Libraries Government Documents Department

Subprime Mortgages: Primer on Current Lending and Foreclosure Issues

Description: This report discusses the issue of subprime mortgages, which are loans extended to borrowers with weak credit profiles. Subprime mortgages entail higher risk of delinquency and default. Recent increases in subprime borrower foreclosures and lender bankruptcies have prompted concerns that some lenders’ underwriting guidelines are too loose and that some borrowers may not have fully understood the risks of the mortgage products they chose. Regulatory agencies are revisiting the guidance they provide lenders and are reevaluating required disclosures to consumers. In addition, Congress is holding hearings on the subject and may consider consumer protection legislation.
Date: March 19, 2007
Creator: Murphy, Edward Vincent
Partner: UNT Libraries Government Documents Department

Immigration: Noncitizen Eligibility for Needs-Based Housing Programs

Description: The issue of noncitizen eligibility for federally funded programs, including needs-based housing programs, is a perennial issue in Congress. Noncitizen eligibility varies among the needs-based housing programs administered by the U.S. Department of Housing and Urban Development (HUD), such as Public Housing, Section 8 vouchers and project-based rental assistance, homeless assistance programs, housing for the elderly (§202) and the disabled (§811), the HOME program, and the Community Development Block Grants (CDBG) program. Two laws govern noncitizen eligibility for housing programs: Title IV of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (Welfare Reform) and Section 214 of the Housing and Community Development Act of 1980, as amended. There has been congressional interest regarding the implementation of the eligibility requirements for housing programs. Specifically, questions have been raised as to the documentation requirements placed on both citizens and noncitizens in determining eligibility for housing programs. The documentation requirements are dependent on (1) the housing program, (2) the citizenship status of the applicant, and (3) the age of the applicant.
Date: January 23, 2012
Creator: Siskin, Alison & McCarty, Maggie
Partner: UNT Libraries Government Documents Department

Veterans and Homelessness

Description: This report discusses several issues relating to homelessness among veterans, which has become more prominent since the beginning of the conflicts in Iraq and Afghanistan.
Date: November 29, 2013
Creator: Perl, Libby
Partner: UNT Libraries Government Documents Department

Overview of Federal Housing Assistance Programs and Policy

Description: This report provides an overview of the history and evolution of federal housing assistance policy, a description of today's major federal housing assistance programs, and a discussion of issues and trends in federal housing assistance policy.
Date: April 15, 2014
Creator: McCarty, Maggie; Perl, Libby & Jones, Katie
Partner: UNT Libraries Government Documents Department