Tag Archives: Daniel Garcia-Diaz

Homeownership During A Recession

The current economic recession caused by the COVID-19 pandemic could make it more difficult for some people to purchase their first home, or for out-of-work homeowners to pay their mortgages. The last recession—the Great Recession (2007-2011)—led to nearly a decade … Continue reading

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What can the Great Recession teach us about rent affordability in the age of Coronavirus?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief to some homeowners. But what about renter households? In the wake of the COVID-19 pandemic, millions of Americans have lost their jobs and are struggling to make rent payments. … Continue reading

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Racial Disparities in Federal Employment, Lending, and Housing

Over the past several years, GAO has been asked to examine various racial inequalities in economic markets. In today’s WatchBlog, we explore our work on racial disparities in the federal workforce, lending, and housing. Federal employment As the nation’s largest … Continue reading

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CARES Act provides relief to some homeowners during coronavirus outbreak

Help is coming for some Americans, who are falling behind on their mortgage payments as a result of economic disruptions caused by the COVID-19 (coronavirus) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March … Continue reading

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Lead Safety at Home and in School

Exposure to lead can harm a child’s brain, growth, behavior, and ability to learn. No safe blood lead level in children has been identified, according to the Centers for Disease Control and Prevention. The most common source of lead exposure … Continue reading

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Increased Federal Role in the Housing Finance System

Housing finance is a complex, multi-trillion-dollar industry that played a major role in the 2007-2009 financial crisis. Two of our recent reports analyzed changes in the market since the crisis and their effect on taxpayers. We discuss our findings in … Continue reading

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How Some Property Owners are “Gaming” the HUD Inspection Process

Financial assistance from the Department of Housing and Urban Development (HUD) helps keep affordable housing within reach for more than 2 million American households. HUD wants to ensure that the housing it’s helping to provide is clean, safe, and in … Continue reading

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How Can Low-Income Renters Find Affordable Housing?

Low-income renters often face difficulties finding housing they can afford. But a federal program—the Low-Income Housing Tax Credit (LIHTC)—helps encourage developing this type of housing. This tax credit program has helped finance about 50,000 affordable rental units annually. The IRS … Continue reading

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What You Need to Know about Mortgages and Equity

Ah, springtime: when “for sale” signs start popping up with the daffodils and crocuses! Before you call your real estate agent, you might want to read up on some of the more technical aspects of homebuying—like exactly what homeownership can … Continue reading

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What Does It Take to Work on Wall Street?

Is the financial field still a “boys only” club? And who has the skills and credentials to work on Wall Street? Today’s WatchBlog explores these questions and our recent report on the management-level representation of women and minorities and diversity … Continue reading

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