Tag Archives: housing

ND House Strips $30 Million From Dalrymple's Budget For Housing Incentive Fund

ND House Strips $30 Million From Dalrymple's Budget For Housing Incentive Fund

Today there was floor debate over Governor Jack Darlymple’s Housing Incentive Fund. The fund asks for private sector donations to subsidize low-income housing, for which contributors get a dollar-for-dollar tax credit up to a $15 million total cap. Which basically means the taxpayers are ultimately footing the bill. The fund barely hit its $15 million

Dalrymple's State Of The State

If you missed Governor Jack Dalrymple’s State of the State address today, you should be able to catch the archive here, and the gov’s press release is below. You can fast forward through about the first 30 minutes of nonsense. Only in government does it take 30 minutes to usher people into a room and

Wells Fargo CEO: Get The Government Out Of The Home Mortgage Business

“If it wasn’t for Fannie and Freddie, [the mortgage crisis] would have been a small problem,” Wells Fargo CEO Richard Kovacevich told CNBC today. “Fannie and Freddie and other government agencies guaranteed 70 percent of those mortgages.” He’s right, of course, though Fannie and Freddie’s market penetration when far beyond that. At the time of

As Price Of College Goes Up, Value Of A College Education Drops

This is what happens when government promotes something like higher education with subsidies in the form of “easy money” government loans. We get a bubble, just like the housing bubble which saw the government promoting home ownership with “easy money,” government-backed mortgages. Soaring tuition costs, a weak labor market and a glut of recent graduates

Bill Would Allow State Of North Dakota To Get Into The Wholesale Mortgage Business

North Dakota is unique among the states in having a state-run bank. Now, per a bill coming out of the Industry, Business and Labor Committee (at the request of the North Dakota Housing Finance Agency), the state wants to be a mortgage wholesaler too. Here’s the language from the bill, which is SB2079: The business

Dalrymple's Housing Incentive Fund Is A Transfer Of Wealth From Taxpayers To Property Developers

I’ve written before that Governor Jack Dalrymple’s Housing Incentive Fund, which gives dollar-for-dollar tax credits to individuals and businesses who contribute, is little more than an elaborate taxpayer subsidy for property developers. The idea is that the fund encourages private philanthropists to help fund the building of low-income housing in the state. “The fund was

Top