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Politics
: The GavelOn the National Low Income Housing Coalition Annual Report
By Speaker Pelosi
Our nation faces a significant shortage of affordable housing, and I commend the work of the National Low Income Housing Coalition in publicizing the problem and advocating solutions on behalf of low- and moderate-income families. The Coalition?s annual Out of Reach Report offers a statistical framework for understanding the challenges working families face with the rising costs of housing, typically a family?s single largest expense.
The report provides a sobering picture of the widening gap between the increasing costs of rental housing and the stagnating wages of working Americans. In showing a detailed picture of higher rental costs in communities across America, the report demonstrates the need for strong federal action to increase the supply of affordable housing.
The Coalition?s work was instrumental in House passage of legislation to construct, preserve, and rehabilitate up to 1.5 million of affordable housing units over the next 10 years. I look forward to working with the Senate and the Bush Administration in enacting this critical legislation into law.
Full post as published by The Gavel on April 07, 2008 (boomark / email).
OCC Publishes Report on the Low-Income Housing Tax Credit
The Office of the Comptroller of the Currency has published Low-Income Housing Tax Credits: Affordable Housing Investment Opportunities for Banks. Here is the abstract: Over the past two decades, the Low-Income Housing Tax Credit (LIHTC) program has addressed the nation?s...
Ellickson on Government Mixed-Income Housing Subsidies
Robert C. Ellickson (Yale) has posted The Mediocrity of Government Subsidies to Mixed-Income Housing Projects on SSRN. Here's the abstract: Since the 1970s a new vehicle for the provision of housing assistance--the mixed-income, or inclusionary, project - has flowered in...
CRA: It's Not Just for Low to Moderate Income Anymore
Comptroller of the Currency John Dugan emphasized the new housing legislation's expansion of focus, encouraging national banks to lend to middle income areas in addition to low and moderate income...
Filing annual individual income tax returns in China
By Smile Yu/Dezan Shira & Associates BEIJING, Jan. 2 - Early in 2008, expatriate employees in China with annual incomes in excess of RMB120,000 (about US$16,200) should complete an annual self-declaration to be submitted by the end of March ? at the latest ? for their income earned in the 2007 tax year...
MA Supreme Court Holds Town Must Exhaust Administrative Remedies in Challenging State Affordable Housing Inventory
The State of Massachusetts enacted ?The Comprehensive Permit Act? (G.L. c. 40B) for the purpose of ensuring a supply of affordable housing by requiring, among other things, that each municipality devote ten percent of its housing units to low or moderate income housing...
Ellickson on Vouchers vs. Mixed Income Development
Robert C. Ellickson has posted "The Mediocrity of Government Subsidies to Mixed-Income Housing Projects" to SSRN. This is sure to be a must read for those interested in housing and poverty...
Fair Housing Act
Prevent discrimination by landlords
Income Tax Changes for 2007
Get Answers to your Income Tax Questions
The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation
Mitchell Report Summary
Report on Steroid Drug Use in Major League Baseball by Senator George Mitchell
Truth In Lending Act
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Annual Cost to Insurers Nearly $1.5 Billion
Bank Website Security
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Operating Room Fires
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Tree Stands
Ardisam Inc. pays $420,000 settlement for failing to report defective product to government officials.
KB Home and Countrywide Financial Corp.
allegedly conspired with appraisers to boost housing prices as the market crashed.
Apartment Appointment
Pine Properties Inc. pays $158,000 housing discrimination settlement.
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