Tag: Federal

Rethink Real Estate: Eliminate some rate subsidies from the National Flood Insurance Program

Clarksville, TN
Federally subsidized flood insurance makes it easier to build homes in flood-prone areas. Image via Wikimedia.

This is the first in a series of posts discussing recommendations from our new platform Federal Investment in Real Estate: A Call for Action. The series will highlight what is lacking in current federal real estate policy and how our recommended improvements could generate better returns for families, communities and taxpayers.

The National Flood Insurance Program (NFIP) is intended to provide property owners and renters with a way to financially protect themselves from flood damage. Administered by the Federal Emergency Management Agency, the NFIP works closely with nearly 90 private insurance companies to offer flood insurance to homeowners, renters and business owners.

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NEA announces Our Town grant opportunity to support local creative placemaking

From NEA:

The National Endowment for the Arts just launched funding guidelines for Art Works, an update to the existing Grants for Arts Projects category, and Our Town, a new grant opportunity that supports creative placemaking projects in communities across the United States.

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HUD’s Regulatory Barriers Clearinghouse adds “sustainable communities” features

HUD’s Regulatory Barriers Clearinghouse (RBC) offers solutions to state and local regulatory barriers to affordable housing. Their website has now been updated to include information on sustainable communities.

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GSA seeks to lead the way on sustainable building practices

A new article in National Geographic details the efforts of the federal General Services Administration (GSA) to improve sustainability in federal buildings, with the help of $4.5 billion in ARRA stimulus funds. The federal government leases or owns 500,000 buildings …

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Webinar: Federal Housing and Community Development Issues: A Review of the 111th Congress and a Preview of the 112th Congress

Enterprise Community Partners is hosting a webinar entitled “Federal Housing and Community Development Issues: A Review of the 111th Congress and a Preview of the 112th Congress” on December 16 at 2:00pm ET: Description In January of 2011, the 112th …

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EPA launches website to increase transparency of regulatory activity

From the EPA press release: The U.S. Environmental Protection Agency (EPA) has launched a new website called Reg Stat that will enhance public understanding of its regulatory process and the number, type, and range of regulatory documents developed each year …

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Wasteful Development Subsidies Among Cuts Proposed by Debt Commission

This post was originally published on the Huffington Post.

In its report yesterday, the National Commission on Fiscal Responsibility and Reform encouraged Congress to cut from the federal budget “wasteful spending, including subsidies that are poorly targeted or create perverse incentives…” People who care about making great neighborhoods, take notice. Unbeknownst to most, the federal government plays a massive role in the real estate market by subsidizing and enabling all kinds of development in our communities. With ballooning deficits, now seems like a good time to revisit these subsidies and make sure they are achieving a legitimate public purpose -and not, in the commission’s words, “creating perverse incentives.”

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