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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 Economic Analysis of the Homebuyer Tax Credit

Description: This report provides an economic analysis of the homebuyer tax credit. Data suggest that home prices in general may be stabilizing and that the home inventory is beginning to return to a more normal level. Given the close proximity of these improvements to when the homebuyer tax credit was enacted by the Housing and Economic Recovery Act of 2008 and first modified by the American Recovery and Reinvestment Act of 2009, one could argue that the tax credit was the cause of these improvements.
Date: December 1, 2009
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

FEMA Disaster Housing: From Sheltering to Permanent Housing

Description: This report reviews standard disaster housing procedures as well as options that could be taken to improve disaster housing including increased FEMA/HUD cooperation, the use of the case management authority, the repair and renovation of private rental housing units, and the use of alternative manufactured housing.
Date: September 16, 2009
Creator: McCarthy, Francis X.
Partner: UNT Libraries Government Documents Department

Preserving Homeownership: Foreclosure Prevention Initiatives

Description: This report describes the consequences of foreclosure on homeowners, outlines recent foreclosure prevention plans implemented by the government and private organizations, and discusses the challenges associated with foreclosure prevention.
Date: July 6, 2009
Creator: Jones, Katie
Partner: UNT Libraries Government Documents Department

Financing Catastrophic Risk: Summary of the Homeowners' Defense Act of 2009 (S. 505 and H.R. 2555)

Description: This report discusses the drastic increase in demand for homeowners' insurance in Atlantic and Gulf Coast states following the devastation of Hurricane Katrina in 2005. This report also discusses various measures and efforts underway to enhance insurer capacity, pursue alternative forms of risk transfer, and create a national catastrophe financing facility, the last of which is an issue under considerable debate.
Date: July 1, 2009
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

Veterans and Homelessness

Description: The current conflicts in Iraq and Afghanistan have brought renewed attention to the needs of veterans, including the needs of homeless veterans. As the number of veterans increases due to the current wars, there is concern that the number of homeless veterans could rise commensurately. The current economic downturn also has raised concerns that homelessness could increase among all groups, including veterans. Several issues regarding veterans and homelessness have become prominent, in part because of the current conflicts, which this report discusses in detail.
Date: June 26, 2009
Creator: Perl, Libby
Partner: UNT Libraries Government Documents Department

State and Local Restrictions on Employing, Renting Property to, or Providing Services for Unauthorized Aliens: Legal Issues and Recent Judicial Developments

Description: This report discusses the constitutional issues raised in relation to state and local laws intended to deter the presence of unauthorized aliens, along with the implications that federal civil rights statutes might have on the implementation and enforcement of measures restricting such persons' ability to obtain employment, housing, or other state and local benefits or services.
Date: May 8, 2009
Creator: Kim, Yule; Feder, Jody & Smith, Alison M.
Partner: UNT Libraries Government Documents Department

The Federal Deposit Insurance Corporation (FDIC): Efforts to Support Financial and Housing Markets

Description: This report discusses recent actions taken by the FDIC in support of financial and housing markets, which include restoration of the Deposit Insurance Fund, the development of the Temporary Liquidity Guarantee Program, efforts to reduce foreclosures, and establishment of the proposed Public-Private Investment Fund. Legislation such as H.R. 786 (introduced by Representative Barney Frank); H.R. 1106, Helping Families Save Their Homes Act of 2009 (introduced by Representative John Conyers, Jr., with 24 co-sponsors); and S. 541, The Depositor Protection Act of 2009 (introduced by Senator Christopher Dodd with 12 co-sponsors) have also been introduced to increase the effectiveness of the FDIC’s efforts to respond to recent market weaknesses.
Date: March 27, 2009
Creator: Getter, Darryl E. & Gonzales, Oscar R.
Partner: UNT Libraries Government Documents Department

Community Development Block Grants: Neighborhood Stabilization Program; Assistance to Communities Affected by Foreclosures

Description: Report regarding the Housing and Economic Recovery Act of 2008, P.L. 110-289, which allocates federal financial aid to all state and local governments with high amounts of foreclosed homes, subprime mortgage loans, and delinquent home mortgages. The report focuses on the assistance that aids in aquiring, rehabilitating, and reselling foreclosed and abandoned homes.
Date: March 13, 2009
Creator: Boyd, Eugene & Gonzales, Oscar R.
Partner: UNT Libraries Government Documents Department

The First-Time Homebuyer Tax Credit: An Economic Analysis

Description: This report analyzes the ability of the first-time homebuyer tax credit to stimulate home buying and stabilize home prices. It includes information about current economic conditions, the tax credit with an economic analysis, marginal first-time home buyers, the cost of home ownership, the influence of the economy, and information about policy options and specific ways to adjust the tax credit.
Date: February 19, 2009
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

Preserving Homeownership: Foreclosure Prevention Initiatives

Description: This report describes the consequences of foreclosure on homeowners, outlines recent foreclosure prevention plans implemented by the government and private organizations, and discusses the challenges associated with foreclosure prevention.
Date: February 9, 2009
Creator: Jones, Katie
Partner: UNT Libraries Government Documents Department

Financial Market Intervention

Description: This report provides answers to some frequently asked questions concerning ongoing financial disruptions and the Troubled Asset Relief Program (TARP). It also summarizes legislation in the 111th Congress such as H.R. 384, the TARP Reform and Accountability Act of 2009 and H.R. 703, "Promoting Bank Liquidity and Lending Through Deposit Insurance, Hope for Homeowners, and other Enhancements."
Date: January 29, 2009
Creator: Murphy, Edward V. & Webel, Baird
Partner: UNT Libraries Government Documents Department

The Cost of Government Financial Interventions, Past and Present

Description: The results of previous government financial interventions are summarized in this report. 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.
Date: January 8, 2009
Creator: Webel, Baird; Labonte, Marc & Weiss, N. E.
Partner: UNT Libraries Government Documents Department

Housing for Persons Living with HIV/AIDS

Description: This report describes recent research that shows how housing and health status are related and the effects of stable housing on HIV/AIDS patient health. It also describes the Housing Opportunities for Persons with AIDS (HOPWA) program, the only federal program that provides housing and services specifically for persons who are HIV positive or who have AIDS, together with their families. In addition, the report describes how a small portion of funds appropriated through the Ryan White HIV/AIDS program may be used by states and local jurisdictions to provide short-term housing assistance for persons living with HIV/AIDS.
Date: January 8, 2009
Creator: Perl, Libby
Partner: UNT Libraries Government Documents Department

The U.S. Financial Crisis: The Global Dimension with Implications for U.S. Policy

Description: This report examines the global ramifications of the financial crisis, which exposed fundamental weaknesses in financial systems worldwide, and despite coordinated easing of monetary policy by governments and trillions of dollars in intervention by governments and the International Monetary Fund, the crisis continues.
Date: November 18, 2008
Creator: Nanto, Dick K.; Weiss, Martin A.; Jackson, James K.; Dolven, Ben; Morrison, Wayne M.; Cooper, William H. et al.
Partner: UNT Libraries Government Documents Department

Section 811 and Other HUD Housing Programs for Persons with Disabilities

Description: This report describes how federal funds are used to develop housing designated for persons with disabilities. It also discusses current issues surrounding housing for persons with disabilities.
Date: November 3, 2008
Creator: Perl, Libby
Partner: UNT Libraries Government Documents Department

Reporting Issues Under the Home Mortgage Disclosure Act

Description: This report describes current issues and recent changes to the Home Mortgage Disclosure Act (HMDA) of 1975. The report also provides a brief explanation of how recent reporting revisions may affect the reporting of loans covered by the Home Ownership and Equity Protection Act of 1994 and the Federal Housing Administration.
Date: October 24, 2008
Creator: Getter, Darryl E.
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

U.S. Foreign Aid to the Palestinians

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.
Date: October 15, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Partner: UNT Libraries Government Documents Department

The Emergency Economic Stabilization Act's Insurance for Troubled Assets

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.
Date: October 8, 2008
Creator: Webel, Baird
Partner: UNT Libraries Government Documents Department

Financial Market Intervention

Description: Financial markets continue to experience significant disturbance and the banking sector remains fragile. Efforts to restore confidence have been met with mixed success thus far. After attempting to deal with troubled institutions on a case-by-case basis, Treasury has proposed a plan to purchase mortgage-related assets to alleviate stress in financial markets and in the banking system. This report provides answers to some frequently asked questions concerning the financial disruptions of September 2008 and the Troubled Asset Relief Program (TARP) in H.R. 3997.
Date: September 29, 2008
Creator: Murphy, Edward V.
Partner: UNT Libraries Government Documents Department

The Resolution Trust Corporation: Historical Analysis

Description: In a 1989 legislative response to financial troubles in the thrift industry, the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA, P.L. 101-73) was enacted. FIRREA's principal mission was to conduct a partially tax-payer funded program to address the troubles of the nation's many insolvent thrifts. To do so, it established a new entity, the Resolution Trust Corporation (RTC), whose mission was to address troubled thrifts by arranging their sale to other institutions or shuttering them and disposing of their assets. This report analyzes the creation and functions of the RTC, including criticisms and results of its actions.
Date: September 26, 2008
Creator: Shorter, Gary
Partner: UNT Libraries Government Documents Department

The Cost of Government Financial Interventions, Past and Present

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.
Date: September 23, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Partner: UNT Libraries Government Documents Department