Developing Affordable Housing Ecosystems World Wide
Previous GBPO may be found here: GBPO 01.]
Continuing our if-the-opportunity-will series of Great Posts By Others (GBPO), here are three more provocative slices of the housing finance world:
Down these mean streets a blogger like Jockin goes
2.1 Business for Development
The site Business For Development [Hat tip: Yousuf Marvi] advertises Martin H. Klein’s book, Poverty Alleviation [...]
[Continued from yesterday's Part 2 and Part 1.]
The previous two parts of this post introduced us to Howard Husock’s argument in City Journal, recapitulating themes he’s sounded over years and years, that the Community Reinvestment Act is the worm in capitalism’s apple that sucked banks into making bad loans.
CRA?
It’s particularly tough because the CRA’s had gone three [...]
[Continued from yesterday's Part 1.]
Yesterday’s post introduced us to the seductive argument, advanced by Howard Husock in City Journal and enthusiastically embraced by a wide range of affordable-housing foes, that the Community Reinvestment Act is the primum mobile of our current financial mess.
Which, when you think of it, is a tough claim to make for a [...]
It’s becoming fashionable, among policy journalists (and even certain ex-CEOs of Fannie Mae) to suggest that the devil made them do it, that somehow pressure to extend affordability overrode all their instinctive prudence and led them down the primrose path to America’s financial ruin. Don’t blame me, runs the refrain, blame the Community Reinvestment Act [...]
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