The U.S. government is moving to cease its deep intervention in the housing markets. The Treasury Department already has stopped buying up mortgage-related securities and the Federal Reserve will taper off its purchases gradually, ending them by March 31. Then in June, the homebuyer tax credit program ends. As with “cash for clunkers,” the federal
Local governments don’t control the interest rates on a 30-year fixed rate mortgage nor the regulations that determine who qualifies for a mortgage loan. However, municipal leaders can impact whether or not their community offers a myriad of housing choices to meet the needs of a diverse mix of individuals and families. Using the power to decide land
We just wanted to give a quick update on the Haiti earthquake. NLC has created a special page at www.nlc.org/haiti with resources and information. NLC has also set up a discussion forum on Facebook (facebook.com/nationalleagueofcities) for cities to share what they have been doing to encourage employees and citizens to assist Haiti at this time.
The “Creative Class” has become a mainstay in the lexicon of city speak. Made famous by Richard Florida, the term refers to individuals whose jobs are inherently creative, like musicians and architects, or where creativity is a major function of the job, like doctors. As Florida defines it, the Creative Class generates wealth and lots
Over 4 million homes were lost to foreclosure in the three years from 2007-2009. Before 2006, the worst record of the decade was just under 500,000 foreclosures in 2002. Assistance has come in many forms: An army of counselors work on loan modifications for homeowners who are “underwater” on their mortgage; HUD launches Making Home
After two-weeks of negotiations and amid rising speculation and anxiety, the COP-15 concluded last week with the Copenhagen Accord, a non-binding treaty to reduce carbon emissions among developed nations while simultaneously providing financial support to developing countries most vulnerable to the devastating impacts of global climate change. Heralded by some, criticized by others, the operative
Minute by minute updates from the Copenhagen climate summit provide a perspective that is both distorted and unhelpful. Watching the negotiations at COP-15 is like watching the Dow Jones at the beginning of a recession. Daily gyrations mean nothing. You have to take the long view. Certainly momentum matters. President Obama, and other leaders in
(The following is a guest blog from Councilor Henrietta Davis. Councilor Davis is from Cambridge, MA, and is chair of the NLC Energy, Environment and Natural Resources Committee.) We’re now locked out of the official Bella Center as are most if not all NGOs. Yesterday we were able to press the need for cities to be
We thought we would give you some flavor of COP-15.
Why are representatives from tens of thousands of nongovernmental organizations (NGOs) willing to wait in the freezing cold and snow just to get into meetings at the UN climate summit in Copenhagen? The answer can be summed up in two words — leadership and solutions. The UN may be an organization of nation states, but