Financing & Capital

Homefront briefing on the House's 396–13 passage of the ROAD to Housing Act, the build-to-rent fix it delivered, and whether the Senate will keep it.

A bill surviving amendment is not the same as a bill advancing. What matters now is whether the bank language stays attached and whether Senate leaders spend floor time on it.

The case for affordable housing is usually made on fairness. This one is made on local balance sheets: consumer spending, workforce stability, and the tax base a city actually collects.

Two legislators who both want a housing win disagree about whether investor limits protect tenants or constrain the capital stack. The split is really about which constraint they think binds.

The same zoning or financing reform can produce very different results in Denver, San Diego, and Tucson. What varies is which constraint actually binds in a given market.

Politico examined how federal housing policy aimed at limiting institutional investors may be constraining capital and slowing new housing production, raising concerns about unintended consequences for supply.

Homefront briefing on Section 901, the 21st Century ROAD to Housing Act, and the targeted fix needed to protect new housing production.

Hard money lending has quietly become an $85 billion market. The question is what it means when infill and small rehab projects depend on a capital channel sitting outside banks and the GSEs.

Homefront briefing on federal housing policy, market behavior, and what uncertainty means for what gets built.

I joined The Rent Roll to explain how the Road to Housing Act's BTR provision froze capital, why the seven-year sell rule is unworkable, and what Congress should fix

Homefront briefing on federal housing policy and what the build-to-rent restriction could mean for housing supply.

I explain why treating purpose-built rental neighborhoods like scattered investor-owned homes risks shrinking the capital stack behind new housing supply.

I follow missed rent payments through owners, workers, lenders, local governments, and future development to show how a rental shock propagates.

I use accessory dwelling units to show why legalizing housing is only the first step when financing, permitting, construction, and tax barriers remain.

I trace how higher development costs can suppress new production and transmit scarcity into the prices of older homes in high-demand markets.