The House voted yesterday to pass a massive housing reform package that extends a lifeline to beleaguered mortgage giants Fannie Mae and Freddie Mac and is laden with tax-exempt bond provisions, including the elimination of the alternative minimum tax for housing bonds.
More From Asset Securitization Report
How states are responding to data center risk on housing
Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.
House reworks institutional investor ban in housing bill
House lawmakers modified a ban on big-money investors from purchasing single-family homes, broadening the exemptions for build-to-rent properties and eliminating requirements in a Senate version of the bill that affected investors divest their holdings.
Federal Home Loan banks rebuff Treasury, won’t give 20% to housing
Home Loan bank executives said Congress would have to pass a law for the system to increase its affordable housing contribution above 10% of earnings.
New York’s housing initiative to use private and public funding
The city claims it can build the rental units quicker through this mechanism rather than low income housing tax credits.
Housing market not likely to improve till 2025, analysts say
Public policy experts debated the effect of rising rates on the mortgage market, the impact on homebuyers and ways that Fannie Mae and Freddie Mac could exit conservatorship at the National Mortgage News Digital Mortgage Conference.