Tuesday, January 15, 2013

Starving the cities to feed the suburbs | Grist

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Starving the cities to feed the suburbs | Grist: "And the program is biased against mixed-use development in walkable urban environments: The FHA has historically refused to back mortgages for condos in buildings that are more than 25 percent commercial. They recently raised the limit to 35 percent — a step in the right direction, but on the whole, the program still tilts strongly toward houses (read: suburban-style development)."

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