Taoiseach needs to go – O’Donnell

first_imgFacebook LIMERICK EAST TD Kieran O’Donnell has called on Taoiseach Brian Cowen to resign after the Taoiseach declared he would continue on in government.Sign up for the weekly Limerick Post newsletter Sign Up The Fine Gael deputy said that an election is the only thing that will bring some certainty to the country. Print “We have lost our capacity to negotiate credibility on behalf of the Irish people.“The negotiations with the IMF are the most defining moments since we gained independence.Commenting on the behaviour of the Taoiseach Brian Cowen and Minister of Finance Brian Lenihan this week, he said:“I think they did the country a major disservice and weakened our dealing with the IMF.“The government has run out of road, people don’t trust them, and the bond market doesn’t trust them”.This morning Green Party leader John Gormley called for an election in January.This afternoon Independent TDs Michael Lowry and Jackie Healy Rae withdrew their support for the government.In response to today’s events Limerick West TD Nial Collins said:“It’s a very fluid political environment, on one hand people want an election and the other hand they want a budget to put through.“It’s an unprecedented situation”. Advertisement Email WhatsApp Twitter Linkedin NewsLocal NewsTaoiseach needs to go – O’DonnellBy admin – November 22, 2010 697 Previous articleNagle to start against ScarletsNext articleRequested false driving licence on CB radio adminlast_img read more

Four Direct Ways to Impact Housing Affordability

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago  Print This Post Home / Daily Dose / Four Direct Ways to Impact Housing Affordability Share Save Related Articles Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Changing Face of Default Servicing Litigation Next: What’s Keeping Millennial Renters from Owning a Home? Demand Propels Home Prices Upward 2 days ago Four Direct Ways to Impact Housing Affordabilitycenter_img August 7, 2018 1,691 Views Servicers Navigate the Post-Pandemic World 2 days ago Affordability brookings institution Buyers default Demand Homeowners Homes HOUSING Land Property Supply Tax Urban Blight Vacancies Zoning 2018-08-07 Krista Franks Brock The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Affordability brookings institution Buyers default Demand Homeowners Homes HOUSING Land Property Supply Tax Urban Blight Vacancies Zoning About Author: Krista Franks Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago This year, proposals have begun making their way to Congress aimed at helping ease the tight supply and rising prices that are preventing many—particularly low-income Americans—from finding affordable housing. However, Jenny Schuetz, a David M. Rubenstein Fellow at the Metropolitan Policy Program at the Brookings Institution, called the proposals thus far “mostly partial fixes that do not address the underlying problems in the U.S. housing markets and policies.” She made her own recommendations on how federal, state, and local governments can “improve the affordability, availability, and equity of housing outcomes for U.S. families,” in a recent post on Brookings’ blog, The Avenue.Her recommendations include four major themes. First, “level the playing field between renters and owners;” second, “stop strangling supply in high-demand locations;” third, “help poor families bridge the gap between income and rent;” and fourth “housing policies alone cannot save places harmed by past policy failures.” In terms of “leveling the playing field,” Schuetz said, “A key part of leveling the playing field is eliminating preferences for homeownership in the federal tax code, namely the mortgage interest deduction and the capital gains exclusions for owner-occupied housing.” She pointed out that the 2017 Tax Cuts and Jobs Act “moved in this direction.” She said current laws that incentivize homeownership were “unfair and economically inefficient.” These laws penalized millennials who were delaying homeownership longer than generations past as well as people who lived in areas where home prices were leveling off or declining. Schuetz suggested cities revise land use regulation and development processes that make it more difficult for multifamily development than for single-family home development. Similarly, she called for revisions to zoning laws in order to help bring more supply to competitive markets. Referencing California and the Northeast, she said some markets are “artificially constrained by excessive local land use regulation.” While these zoning laws can benefit current homeowners in these markets by inflating their home prices, she said the excessive zoning ultimately detracts from economic growth. She called out Sen. Cory Booker’s (D-New Jersey) proposed Affirmatively Furthering Fair Housing rule, which charges communities that receive Community Development Block Grants with creating “a strategy to support inclusive zoning policies,” saying California “already requires localities to specify a plan ‘to meet the housing needs of everyone in their community’ in their comprehensive plan, yet those same localities continue to underprovide housing.” While the first two themes Schuetz addresses will help middle-class households, she also addresses those in the lowest income rungs. Only one in five families eligible to receive federal housing assistance actually receive assistance. For these families, the “most direct solution” is housing vouchers, an earned income tax credit, or a refundable tax credit. Lastly, Schuetz suggested for the communities suffering from high vacancies and blight caused by past policies, future housing policies may not be enough. “Rather it will take sustained investments in human capital, infrastructure, and targeted economic development strategies to help people in these communities,” she said. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more