Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
[Continued from yesterday's Part 1].
Yesterday’s post dismantled a slightly fear-mongering Wall Street Journal suggesting that FHA’s net worth would fall below the statutorily mandated 2%, and if so, that FHA would need a ‘bailout.’ In fact it does seem that FHA’s portfolio is under stress, with delinquencies up from 5.4% to 7.8%, [...]
By: David A. Smith
Every lender faces the challenge of setting credit policies: tight but not too tight.
That’s too tight
Too tight and the lender loses market share. Not tight enough and the additional market share acquired turns into loan losses that sink the lender.
A public-policy lender faces the same dilemma but in reverse: liberal but not [...]
[Continued from yesterday's Part 1.]
Yesterday, in pondering how to finance group-benefit infrastructure like public toilets, we introduced meta-finance, a means of lending to a contemporaneously formed group of people for their group benefit. On behalf of Development Innovations Group, and as research for a paper, Meta-finance, prepared for DIG as part of DIG’s Housing Finance [...]
How do you finance a public toilet?
If you’re French, you invent the pissoir
That’s a fairly simple problem in municipalities where every home has its own indoor plumbing, because the need for public toilets is minimal. Then too, if you have lots of public accommodations – offices, restaurants, stores – you can require these businesses to [...]
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