LIHTC Hot Topics
GSE Reform:
Recent News
Obama Administration Plan Provides Path Forward for Reforming America's Housing Finance Market, Winding down Fannie Mae and Freddie Mac (February 11, 2011)
Reforming America's Housing Finance Market: A Report to Congress
Treasury Department and HUD, February 2011
Statement from FHFA Acting Director Edward J. DeMarco on the Administration's Housing Finance Reform Report (February 11, 2011)
Chairman Camp Announces First in a Series of Hearings on Fundamental Tax Reform (January 20, 2011)
Hearings about GSE Reform
Legislative Hearing on Immediate Steps to Protect Taxpayers from the Ongoing Bailout of Fannie Mae and Freddie Mac
March 31, 2011
Mr. Edward J. DeMarco, Acting Director, Federal Housing Finance Agency
The Honorable John H. Dalton, President, Housing Policy Council, The Financial Services Roundtable
Mr. Christoper Papagianis, Managing Director, Economics21
Mr. Edward Pinto, Resident Fellow, American Enterprise Institute
Mr. Bob Nielsen, Chairman of the Board, National Association of Home Builders
Mr. Ronald Phipps, President, National Association of Realtors
Ms. Susan M. Wachter, Professor, The Wharton School, University of Pennsylvania
Legislation
H.R. ____, Housing Finance Reform Act of 2011
(not yet formally introduced)
H.R. 1227, GSE Risk and Activities Limitation Act of 2011
(March 29, 2011)
H.R. 1226, GSE Mission Improvement Act of 2011
(March 29, 2011)
H.R. 1225, GSE Debt Issuance Approval Act of 2011
(March 29, 2011)
H.R. 1224, GSE Credit Risk Equitable Treatment Act of 2011
(March 29, 2011)
H.R. 1223, GSE Portfolio Risk Reduction Act
(March 29, 2011)
H.R. 1222, GSE Credit Risk Equitable Treatment Act of 2011
(March 29, 2011)
H.R. 1221, Equity in Government Compensation Act of 2011
(March 29, 2011)
H.R. 31, Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011
(January 5, 2011)
Reports & Research
Fannie Mae and Workforce Rental
Fannie Mae, May 3, 2011
Fannie Mae's Role in the Small Multifamily Loan Market
Fannie Mae, May 3, 2011
Report on Fannie Mae's Mission Activities
Fannie Mae, April 2011
Reforming America's Housing Finance Market: A Report to Congress
Treasury Department and HUD,
February 2011
Future Housing Secondary Market Entities, Their Affordable Housing Responsibility, and the State HFA Opportunity
National Council of State Housing Agencies
Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market
Congressional Budget Office
(December 23, 2010)
Government-Sponsored Enterprises and Multifamily Housing Finance: Refocusing on Core Functions
Recap Real Estate Advisors, Commissioned by the National Housing Conference, October 2011
Improving U.S. Housing Finance through Reform of Fannie Mae and Freddie Mac: Assessing the Options
By Ingrid Gould Ellen,
John Napier Tye, and
Mark A. Willis;
NYU Furman Center for Real Estate and Urban Policy (May 2010)
Fannie Mae, Freddie Mac, and Housing Finance: Why True Privatization Is Good Public Policy
Lawrence J. White,
Stern School of Busines,
New York University,
Prepared for the Cato Foundation (August 11, 2004)
Federal Housing Finance Agency (FHFA)
Announcements, Reports & Rules
A Strategic Plac for Enterprise Conservatorships: The Next Chapter in a Story that Needs an Ending (February 21, 2012)
FHFA Report to Congress 2010 (June 13, 2011)
News Release: FHFA Announces Organizational Changes and New Positions (February 2, 2011)
News Release: FHFA Establishes New Housing Goals for Fannie Mae and Freddie Mac (September 2, 2010)
Final Rule 2010-2011 Enterprise Housing Goals; Enterprise Book-entry Procedures (September 2, 2010)
First Conservator’s Report on the Enterprises’ Financial Condition (August 26, 2010)
News Release: FHFA Proposes Rule on Conservatorship and Receivership Operations for Fannie Mae, Freddie Mac and Federal Home Loan Banks (July 6, 2010)
Notice of Proposed Rulemaking; Request for Comments: Conservatorship and Receivership (July 6, 2010)
News Release: FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets (June 1, 2010)
Notice of Proposed Rulemaking; Request for Comments: Enterprise Duty To Serve Underserved Markets (June 7, 2010)
FHFA Report to Congress 2009 (May 25, 2010)
News Release: Federal Housing Finance Agency Proposes New Housing Goals for Fannie Mae and Freddie Mac (February 17, 2010)
Advance Copy of Proposed Rule (Febuary 17, 2010)
Technical Appendix to Proposed Rule (Febuary 17, 2010)
FHFA Mortgage Market Note: The Housing Goals of Fannie Mae and Freddie Mac in the Context of the Mortgage Market: 1996–2009 (February 1, 2010)
FHFA Releases Letter on the Status of the Conservatorship of Fannie Mae and Freddie Mac (February 2, 2010)
FHFA Comment Request: Duty To Serve Underserved Markets for Enterprises (August 4, 2009)
Press Release: FHFA Releases First Five-Year Strategic Plan (July 9, 2009)
FHFA Strategic Plan 2009-2014 (July 9, 2009)
Federal Housing Finance Agency Statement of Support for Multifamily Housing Finance Activities of the Enterprises While in Conservatorship (September 12, 2008)
Statement of Treasury Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers (September 7, 2008)
Statement of FHFA Director James B. Lockhart (September 7, 2008)
Notice of Establishment of a New Independent Agency: Federal Housing Finance Agency (September 9, 2008)
H.R. 3221, The Housing and Economic Recovery Act of 2008
Public Law No: 110-289
Biography of Herbert M. Allison
Conservatorship Fact Sheets
Fact Sheet: Q&A on Conservatorship (September 7, 2008)
Fact Sheet: Government Sponsored Enterprise Credit Facility (September 7, 2008)
Fact Sheet: GSE Mortgage Backed Securities Purchase Program (September 7, 2008)
Fact Sheet: Treasury Senior Preferred Stock Purchase Agreement (September 7, 2008)
Response: Statements, Comments
Principles for Restoring Stability to the Nation's Housing Finance System
NCSHA, National Association of Home Builders, National Association of Realtors, Mortgage Bankers Association
(March 28, 2011)
Statement for the Record Before the House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises on GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout
National Multi Housing Council and the National Apartment Association, (February 9, 2011)
NHC Forms Fannie, Freddie Task Force to Ensure Affordable Housing Supply (September 15, 2008)
Statement by President George W. Bush (September 7, 2008)
Rep. Frank Statement on Treasury Action Regarding Fannie Mae and Freddie Mac (September 6, 2008)
Sen. Dodd Statement on Plan for Government Sponsored Enterprises (September 6, 2008)
HUD Secretary Steve Preston Statement on Government Sponsored Enterprises (September 7, 2008)
Mortagage Bankers Association’s Courson Responds to Treasury/FHFA Actions on GSEs (September 7, 2008)
MBA Q&A on GSE Conservator Powers under the Housing and Economic Recovery Act
National Multi Housing Council Statement on Fannie Mae, Freddie Mac Takeover (September 8, 2008)
National Association of Home Builders Responds to Government Action on Fannie Mae, Freddie Mac (September 8, 2008)
Other Resources
Greenspan Renews Attack on Freddie Mac, Fannie Mae
Mortgage News Daily, May 20, 2005
Podcast: Novogradac Report on Tax Credits
Tune in to hear Michael J. Novogradac, CPA, follow this development and what it means for the affordable housing community in his weekly podcast. The topics for each week are named in the title of that week's podcast and listed on the Tax Credit Tuesday Podcast home page.