The government acted wisely by rescuing the mortgage giants, but policymakers now need to consider the long-term benefits of homeownership, writes David Abromowitz.
Mucho después de que terminen las ejecuciones de los préstamos hipotecarios a tasas de alto riesgo, las familias de trabajadores de recursos módicos seguirán queriendo comprar viviendas.
The revenue lost from the summer gas-tax holiday some are proposing would be about $10 billion — the cost of helping hard-hit American consumers cope with $4 a gallon gas prices. But is a onetime summer fix the right approach?
Here’s a guide from David Abromowitz to help tell the difference between the two phrases amid the current debate in Congress over relief measures for struggling homeowners.
April 15 should remind every American that sacrifices by our soldiers on the battlefield require sacrifices at home, too.
Report Report outlines way to address the needs of large numbers of overleveraged homeowners while avoiding windfalls and unwarranted bailouts through shared equity.
After Housing and Urban Development Secretary Alphonso Jackson's resignation, we will need a stronger Federal Housing Administration.
Bush administration chastises home buyers for bad decisions, then funnels bailout financing to Wall Street, writes David Abromowitz.
Bush administration’s stubborn laissez faire stance to deteriorating housing market threatens U.S. economic prosperity, writes David Abromowitz.
Voluntary moves by private sector and Bush administration lack key government action to halt spiraling crisis, write Abromowitz and Jakobovics.
Report David Abromowitz presents the Great American Neighborhood Stabilization Plan to address the glut of foreclosed properties across the country.
The latest data shows that homeowners and neighborhoods need targeted federal help now, write David Abromowitz and Andrew Jakabovics.
The mortgage crisis and the rise in foreclosures nationwide have left the American dream in tatters and may be sparking a recession. Yet a fast-growing form of housing—the community land trust—has become a virtually foreclosure-free safe harbor. One of the best examples of this fresh approach to putting a roof over people's heads is in Boston.
David M. Abromowitz is a Senior Fellow at American Progress, focusing on housing policy and related federal and state programs and issues. A partner in the law firm Goulston & Storrs, he is nationally known for expertise in housing and economic development, working on projects around the country involving housing and historic tax credit investment, […]
TAX DAY is coming. For most Americans, it’s merely a reminder to get that paperwork done. But for many years, tax day reminded Americans that war means sacrifice. Since Sept. 11, 2001, President Bush has often invoked a spirit of sacrifice and dedication to the greater good. Yet this call to sacrifice has not made […]