Developing Affordable Housing Ecosystems World Wide
What with AHI’s Gates Foundation grant, AHI will be spending a fair bit of time developing and expounding the theories and practice of how mission entrepreneurial entities (MEEs) make change with bottom-up pressure and pilot projects and schemes. One element, for which I have a new sensitivity by virtue of our work as financial advisor [...]
[Continued from yesterday's Part 2 and the previous Part 1.]
While the main consequences of HR 3221, the great big deal known as the Housing and Economic Recovery Act (HERA) of 2008 (this Reuters summary is as good as any), are the financial and regulatory coup that completes a fundamental revolution within the financial system, changing [...]
[Continued from yesterday's Part 1.]
Yesterday we got rolling on the consequences of HR 3221, the Housing and Economic Recovery Act (HERA) of 2008 (this Reuters summary is as good as any). Yes, it is a big deal: a huge deal.
We’ve seen that it completes a fundamental revolution within the financial system, a financial [...]
Yes, it is that big a deal.
Zeus, this is a big deal
I almost never comment on legislation in process, because the factory puts so many twists in the sausage that speculations are largely pointless – and this legislation, for all its multiple motivations and antecedents, probably would never have been enacted but for the Fannie/ [...]
“When you’ve got them by the wallets, their hearts and minds will follow.”
– Not said by Nixon presidential aide Chuck Colson
Even as the American housing financial ecosystem continues to distribute the strain of rolling losses, the ecosystem also continues to adapt rapidly. Ever since the St. Patrick’s Day coup, where the Federal Reserve and Treasury [...]
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