Tag: Housing Policy

Howard Husock joins Brian Anderson to discuss the problems with urban renewal, exclusionary zoning, and public housing. Husock’s forthcoming book, The Poor Side of Town: And Why We Need It, is a history of housing policy in America.

Find the transcript of this conversation and more at City Journal.

Nicole Gelinas and Howard Husock join Seth Barron to discuss New York’s landmark rent-regulation law and its potential impact on housing in the city and state.

Lawmakers in New York recently passed the toughest rent-regulation law in a generation, imposing new restrictions on landlords’ ability to increase rents, improve buildings, or evict tenants. The bill made permanent the state’s existing rent regulations, meaning that future legislatures will find it harder to revisit the issue.

In this AEI Events Podcast, Jay Powell of the Board of Governors of the Federal Reserve System joins AEI’s Stephen D. Oliner to discuss the critical need to reform the housing finance system. During his remarks, Governor Powell emphasizes the potential systemic risk from a housing finance system that continues to be dominated by two large institutions, Fannie Mae and Freddie Mac, both of which remain in conservatorship today.

He also identifies a set of principles that should guide reform efforts, without favoring one specific plan over others. Governor Powell concludes by highlighting the need to move forward with the best feasible plan that would draw bipartisan support instead of holding out for the perfect solution.

Richard Epstein looks at how both federal interference and local regulations conspire to drive up the cost of housing.

The Eureka Podcast: California’s Affordable Housing Crisis


Real estate in California is expensive. That much I’m guessing you knew already. What you may not know is how much of this trend is driven by factors other than lots of people wanting to live by the beach. In this installment of the Eureka podcast from the Hoover Institution, I talk to Hoover research fellows Carson Bruno and Bill Whalen about how much of that premium results from conscious decisions by California policymakers rather than market forces. It’s an eye-opening discussion about how the policy preferences of gentry liberals can put the squeeze to the middle and lower classes. If you live in California — or any other state that’s becoming more restrictive when it comes to development — you’ll want to listen to this cautionary tale about the ultimate costs.

Congress Can’t Wash Away the Executive Branch’s Sins


The stakes could not be any larger in the multi-billion dollar financial dispute pitting a large group of institutional investors in Fannie Mae and Freddie Mac against the United States government. Thus far, the debate has largely taken place in the courts, and I have commented extensively on the fundamental weakness of the government’s effort to sign away the rights of these investors through a deal entered into by the Federal Housing Finance Authority and the Treasury Department. 

That debate has how spilled over in to the political arena. Right now, the main mission of the Senate Banking Committee’s Johnson-Crapo housing finance bill is to develop a new framework for future residential home mortgages. Unfortunately, the bill also tries to ditch the many lawsuits brought by private shareholders of Fannie and Freddie Mac against the government for existing claims. While the authors of the bill continue to claim that the proposed legislation leaves the issues relating to investors’ rights to the courts, Section 604 of the bill declares that the August 17, 2012, Third Amendment to the original Senior Preferred Stock Purchase Agreement (SPSPA) “shall not be amended, restated, or otherwise changed to reduce the rate or amount of dividends” and thus perpetuates the government’s right to take all the profits from the two companies.