Let’s Take the Opportunity to Reform HUD

By Charles Tassell, Chief Operating Officer, National REIA

In early December, Howard Husock, The Vice President for research and publications at the Manhattan Institute, a contributing editor to City Journal, and author of the Trillion Dollar Mistake, published an articulate summary of five key initial fixes for the U.S. Department of Housing and Urban Development. Among those following up on the summation was the venerable Wall Street Journal. The article points out that now is the time for action and Dr. Ben Carson is precisely the man to transform a nineteenth century housing hand-out and hammer the institution into a 21st century helping hand organization. For Mr. Husock’s full story please see “Laying a New Foundation at HUD; Five things Ben Carson can do right away to improve public housing and reduce government dependency,” at City-Journal.org.

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National REIA and other associations who represent the interests of multifamily property owners and the residents who live in their communities, have submitted a request concerning the Furnace Rule. Please click here to read more

2016 Efforts Making Progress on Seller Finance Issues

Legislative Highlights

In a season of lame duck legislative sessions, the truth can be stranger than fiction, take for example this item noted by State Net’s Capitol Journal “On the Lighter Side” commentary: “New Jersey Gov. Chris Christie signed a slew of bills last week. As is usually the case with such mass signings, the bills address a wide range of serious issues like the use of solitary confinement in prisons and economic development. Perhaps less notable was Assembly Joint Resolution 23, which designated the third weekend in October to henceforth be known as “Shuck, Sip, and Slurp Weekend.” Relax. Alas, while it sure sounds like a job fair for aspiring political staffers, the bill is only intended to promote the enjoyment of oysters, wine, and beer in the Garden State.”

RSS More Legislative News

  • Dr. Ben Carson Sworn-in as HUD Secretary March 6, 2017
    During the first week of March Dr. Ben Carson became the 17th Secretary of the U.S. Department of Housing and Urban Development – a federal agency with over 8k employees and a $40 billion annual budget. DR. BEN CARSON SWORN IN AS HUD SECRETARY WASHINGTON – Dr. Ben S. Carson, Sr. was sworn in today […]
  • Five Things Ben Carson Can Do Right Away to Improve Public Housing December 8, 2016
    President-elect Donald Trump recently said he would nominate Dr. Ben Carson to be the Secretary of the Department of Housing and Urban Development.  Carson of course accepted and the media frenzy and political commentary has already begun.  One recent piece from the Manhattan Institute’s City-Journal stands out among the crowd.  In “Laying a New Foundation […]
  • 1st Comprehensive Update to Low-Income Housing Programs in 18 Years Becomes Law August 2, 2016
    Last Friday, President Obama signed The Housing Opportunity through Modernization Act of 2016 which is the first comprehensive update to the nation’s low-income housing programs in 18 years as well as requiring the FHA to reform their condo financing regulations and make low-down-payment FHA loans more available to moderate-income buyers.   Both the House and […]
  • Several States to Hold Sales-Tax Holidays for Back-to-School July 25, 2016
    Bankrate.com is reporting that seventeen states are planning to hold sales-tax holidays for the back-to-school season starting as early as this week.  Most tax-free items are clothing and school supplies however some states include school-related purchases such as computers and other accessories.  The rules vary from state to state as do the dates – with […]