Showing: All Publications
Affordable Housing Mediation
Building Consensus for Regional Agreements in the Hartford and Greater Bridgeport Areas
May 1990, English
May 1990, English
January 1990, English
Do Growth Controls Matter?
A Review of Empirical Evidence on the Effectiveness and Efficiency of Local Government Land Use Regulation
January 1990, English
January 1990, English
Dealing with Change in the Connecticut River Valley
A Design Manual for Conservation and Development
June 1988, English
June 1988, English
Economics and Tax Policy
January 1986, English
January 1986, English
The Zoning Game Revisited
May 1985, English
May 1985, English
January 1979, English
Targeted Equity Investments are Legal and Essential to Reach Many Underserved Markets
English
In the statute establishing Duty to Serve (“DTS”) in 2009, Congress identified “grants and investments” as one of four explicit criteria that the Federal Housing Finance Agency must use in evaluating Enterprise DTS performance, along with outreach, loan product development, and loan purchases. By including investments as one of four statutory DTS evaluation factors, Congress has clearly affirmed that the Enterprises have the authority to make targeted DTS equity investments (12 U.S.C. § 4565(d)(2)(D) 2020). Nevertheless, our understanding is that under the current reading of the statute by FHFA’s general counsel, the Enterprises are prohibited from making targeted equity investments (TEIs). We believe FHFA has the authority to also permit TEIs as part of an Equitable Housing Finance Plan.
English
In the statute establishing Duty to Serve (“DTS”) in 2009, Congress identified “grants and investments” as one of four explicit criteria that the Federal Housing Finance Agency must use in evaluating Enterprise DTS performance, along with outreach, loan product development, and loan purchases. By including investments as one of four statutory DTS evaluation factors, Congress has clearly affirmed that the Enterprises have the authority to make targeted DTS equity investments (12 U.S.C. § 4565(d)(2)(D) 2020). Nevertheless, our understanding is that under the current reading of the statute by FHFA’s general counsel, the Enterprises are prohibited from making targeted equity investments (TEIs). We believe FHFA has the authority to also permit TEIs as part of an Equitable Housing Finance Plan.
