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MEDIA ADVISORY: District of Columbia housing finance agency cuts ribbon on The … | Your money

Washington, DC, September 23, 2021 (GLOBE NEWSWIRE) –

WHO:

Christopher E. Donald, Executive Director / CEO, District of Columbia Housing Finance AgencyPolly Donaldson, Director, District of Columbia Department of Housing & Community DevelopmentTrayon White, Councilmember, Ward 8 Anita Bonds, Councilmember at Large, Council of the District of Columbia Harvey Yancey, Managing Member, H2DesignBuildSonja Wells, Executive Vice President and Director of Loans City First Broadway Melissa Lee, Senior Vice President of Capital and Investments, Menkiti Group and Wife of Todd A. LeeKori Heyward, Owner of Douglass

WHAT:

DCHFA will cut the ribbon on its third fully completed Housing Investment Platform (HIP) project. The Douglass: A Townhouse Community by Todd A. Lee. The Douglass consists of eight townhouses reserved for residents who earn labor income (between 60 and 120 percent of the median income in the area). H2DesignBuild, the developer of the project, has also successfully delivered two other HIP projects, Elvans Road Townhomes (Ward 8) and Cynthia Townhomes (Ward 7). DCHFA established HIP as an innovative investment platform that will increase Agency support to the DC housing market outside of traditional bond and tax credit financing. The Agency joins forces with emerging developers of certified companies to build new communities. These eight townhouses are the first of many of Todd A. Lee’s townhouse communities, a tribute to former DCHFA Executive Director and CEO Todd A. Lee who passed away in early 2020.

OR:

the douglas

2514 West Street Southeast Washington, DC 20020

WHEN:

September 24, 2021

12h00

Attachment

Douglass

Yolanda McCutchen DC Housing Finance Agency 202-777-1650 [email protected] Susan Ortiz DC Housing Finance Agency 202-777-1618 [email protected]

Copyright 2021 GlobeNewswire, Inc.


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Finance agency

UK export finance agency targets net zero emissions by 2050

* Aims to guarantee a capacity of 50 billion stg carbon neutral

* Britain prepares to host global climate talks

* Follows criticism of the state-backed financial sector

By Simon Jessop

LONDON, Sept. 22 (Reuters) – Britain’s export credit agency has announced its goal of achieving net zero carbon emissions in its investments by 2050 and increasing support for green exports.

The UK Export Finance (UKEF) move follows a pledge made in April to end support for fossil fuel projects overseas and before Britain hosts global climate change talks.

It also follows criticism from activists that state-backed groups are not doing enough to revise their loans.

UKEF has a capacity of £ 50 billion to support exports through loans, insurance and guarantees, and has said it will be carbon neutral on a net basis by mid-century, in line with the objectives of the Paris Climate Agreement.

UKEF, which provided £ 12.3 billion in support to UK businesses over the past year, said it plans to increase financial support for renewable energy-related exports and activities focused on l adaptation to the impacts of climate change.

“We must take urgent action to respond to the threat of climate change in order to have a chance to limit global warming,” Louis Taylor, CEO of UKEF, told Reuters, adding: “We are committed to decarbonizing all our operations and our financial portfolio “.

Demand for green trade is expected to be £ 1.8 trillion per year by 2030, generating up to £ 170 billion in export sales of goods and services for Britain by 2030, according to report of the Board of Trade published in August. (Reporting by Simon Jessop; Editing by Alexander Smith)


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Finance agency

UK export finance agency targets net zero emissions by 2050

  • Aims to ensure 50 billion stg carbon neutral capacity
  • Britain prepares to host global climate talks
  • Follows criticism of the state-backed financial sector

LONDON, Sept. 22 (Reuters) – Britain’s export credit agency has announced its goal of achieving net zero carbon emissions in its investments by 2050 and increasing support for green exports.

The UK Export Finance (UKEF) move follows a pledge made in April to end support for fossil fuel projects overseas and before Britain hosts global climate change talks. Read more

It also follows criticism from activists that state-backed groups are not doing enough to revise their loans.

UKEF has a capacity of £ 50 billion to support exports through loans, insurance and guarantees, and has said it will be carbon neutral on a net basis by mid-century, in line with the objectives of the Paris Climate Agreement.

UKEF, which provided £ 12.3 billion in support to UK businesses over the past year, said it plans to increase financial support for renewable energy-related exports and activities focused on l adaptation to the impacts of climate change.

“We must take urgent action to respond to the threat of climate change so that we have a chance to limit global warming,” Louis Taylor, CEO of UKEF, told Reuters, adding: “We are committed to decarbonizing all our operations and our financial portfolio “.

Demand for green trade is expected to be £ 1.8 trillion per year by 2030, generating up to £ 170 billion in export sales of goods and services for Britain by 2030, according to report of the Board of Trade published in August.

Reporting by Simon Jessop; Editing by Alexander Smith

Our Standards: The Thomson Reuters Trust Principles.


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Vermont Housing Finance Agency v. Furman: Sale Notice | Legal Notice

STATE OF VERMONT SUPERIOR COURT CIVIL DIVISION Rutland Unit Docket No. 80-2-19 Rdcv VERMONT HOUSING FINANCE) AGENCY,) Plaintiff,)) vs. ) NOTICE OF SALE) ZACHARY P. FURMAN, SARA M.) CLAYTON, COMMUNITY HOUSING) CAPITAL, INC., F / k / a and successor in) NEIGHBORHOOD HOUSING) SERVICES OF AMERICA, INC., SRL) PORTFOLIO, LLC , FAHE TN, LLC and) OCCUPANT at 1516 Main Street, West) Rutland, Vt.) Defendants) ________________________________) By virtue of the order for public sale contained in the Judgment and Judicial Sale Foreclosure Order issued by this Court in favor by Plaintiff, Vermont Housing Finance Agency, as of July 2, 2019, the land and premises which are the subject of this foreclosure action will be sold at a public auction at 11:00 a.m. on October 19, 2021, at 1516 Main Street, Town of West Rutland , Rutland County and State of Vermont. The sale must be conducted by a sheriff or any licensed auctioneer. The property for sale is everything and singularly the premises as described in a certain mortgage deed of Zachary P. Furman and Sara M. Clayton at Chittenden Trust Co. d / b / a Mortgage Service Center and has been registered in the town of West Rutland Land Records in Book 76 on page 190, which said mortgage was assigned to the Vermont Housing Finance Agency by Chittenden Trust Co. d / b / a Mortgage Service Center, by assignment dated September 1, 2005 and registered in the city from West Rutland Land Records in book 97 on page 246. The aforementioned mortgage deed was amended by the loan modification agreement between Zachary P. Furman and Sara M. Clayton and the housing finance agency of Vermont, dated September 2, 2014 and recorded in the Land Records of the City of West Rutland in Book 100, page 589. The lands and premises are more specifically described as follows: 30, 2005, to be recorded in the Land Records from the city of W is Rutland and more specifically described as follows: Being all the same land and premises ceded to William Herbert by the deed of guarantee of Gladys Bertrand (formerly Gladys Deo) dated April 29, 1985 and recorded in the land registers of the town of West Rutland in Book 25, page 466 and being more particularly described therein as: the estate of Walter Johnson to Arthur Deo and Gladys Deo, and the other being from Winifred T. Johnson to Arthur Deo and Gladys Deo, each being for half of the interest, both deeds being dated March 21, 1961 and registered in the Town of West Rutland Land Records in Book 15, page 377 and Book 15, page 278, respectively, to which the corresponding deeds and registers may refer to, and described in said deeds as follows: commencing at a stake and stones in the southeast line of the road from West Rutland to Castleton at the northwest corner of land which once belonged to James and John Carroll but now believed to belong to Pawlusiak east of said road; thence on a line of said Pawlusiak land to land formerly of the Rutland Railway Light and Power Company; thence northwesterly along the line of said Railway Company land to a passage; roadway or lane leading from the land of the said railway company to the said highway; thence on the said road to the point of commencement, containing more or less three quarters of an acre of land and being all and singularly the same lands and premises ceded to Stanislaw Katomski (Kotomski) and Anna Katomski, his wife, by John Jowoski and Agnes Jowoski by deed dated February 23, 1924 and recorded in Book 9, page 20 of West Rutland Land Records, to which the deed and its recording may refer. This surrender is subject to all easements on file, including, but not limited to, the option granted by Gladys (Deo) Bertrand to the State of Vermont on June 23, 1966 in connection with the construction of the highway. known as West Rutland F 020-1 (7) on US Highway # 4 for the following purposes: Plot # 30: An easement to evacuate water on the land of Gladys Deo Bertrand because water can henceforth to be dumped or drained from a culvert located approximately at survey station 12 + 60 of a US road # 4 Traverse of Highway Project West Rutland F 020-1 (7). The Mortgage Defendant will have the right to redeem the premises at any time prior to the sale by paying the full amount owed under the mortgage, together with the costs and costs of the sale. CONDITIONS OF SALE The property described above foreclosed by Judgment and Judicial Sale Foreclosure Order issued in this matter will be sold to the highest bidder in “AS IS” condition and subject to all pending municipal appraisals. The property must be sold as a whole and not by plots. The terms of sale will be cash, certified bank draft or official cashier’s check (treasurer) for the full amount of the purchase price. Alternatively, bidders may provide a deposit of ten thousand dollars ($ 10,000.00) (cash, certified bank draft or official bank (treasury check) with written proof of bank financing acceptable to the applicant at its sole discretion, the closing to take place no later than ten (10) days from the date of confirmation of the sale by the court. In the event that the highest bidder fails to conclude for any reason, the The ten thousand dollar ($ 10,000.00) deposit will be forfeited from the plaintiff, in which case the plaintiff, in its sole discretion, may then either proceed to a new auction at a second judicial sale or seek to change the order of confirmation to approve a sale to the second bidder Agreement. The sale must also be confirmed by this court at a hearing to be held in the Vermont Superior Court, Rutland Unit. The custodian of the product of sale pending confirmation will be Webber, Chapman & Kupferer, Ltd. OTHER CONDITIONS to be announced during the sale. DATED at the Town of Rutland, in the County of Rutland and in the State of Vermont, this 14th day of September, 2021. WEBBER, CHAPMAN & KUPFERER, LTD. By: / s / GARY R. KUPFERER______ Gary R. Kupferer, Esquire ERN # 3547 Plaintiff’s Lawyers 25 Washington Street Rutland, Vermont 05702 802-773-9109 [email protected]


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Finance agency

The Housing Finance Agency approved € 1 billion in loans to licensed housing organizations last year

More than a billion euros in loans to licensed housing organizations have been approved by the Housing Finance Agency (HFA) for the provision of 4,526 housing units, the agency revealed today.

The HFA finances the implementation of government housing policy, in particular the provision of social and affordable housing.

It raises funds in the capital markets through the National Treasury Management Agency (NTMA) and European government funded lenders such as the European Investment Bank and the Council of Europe Development Bank. ‘Europe. The agency then provides low-interest loans to licensed housing organizations and local authorities for construction projects or affordable home loans.

According to its annual report, launched today, despite delays and site closures linked to Covid-19, loans of 549 million euros were advanced last year and already this year 410 million euros were drawn.

The average loan approved in 2020 rose to € 5.3 million against € 4.4 million in 2019 and the average development approved in 2020 rose to 24 housing units against 21 housing units in 2019.

There were 191 loans approved in 22 different counties, with individual loans ranging from € 17,000 to € 43 million. Some 290 million euros in loans have been approved for 1,029 housing units in Dublin.

Some of the projects that have received funding from the HFA include:

  • North and East Housing Association’s Tooting Meadows housing development of 15
  • properties located on Scarlet Street, Drogheda, Co Louth.
  • Clúid Housing Association’s St. Mary’s Mansion development located in Dublin 1 which has been completely refurbished and two additional new floors have been added to create 80 high quality modern apartments and duplexes.
  • Co-operative Housing Ireland’s Brookhill development in Carrigaline, County Cork, which consists of a mix of 67 A-rated detached, semi-detached and townhouses.
  • Respond Housing Association’s Ballaghderg development, located in Letterkenny, County Donegal, consists of a mix of two, three and four bedroom homes
  • Túath Housing Association’s Sraith Fhada project, located in Doughiska, Galway
  • City, which consists of twenty-five two-bed apartments. The development had been unfinished for 12 years and the apartments have been completely renovated providing tenants with quality and energy efficient housing.

The agency said preparatory work had started for the launch of the rental capital loan program with € 93 million approved in the first quarter of 2021 for the provision of 390 affordable rental housing units in Dublin, Cork and Kildare.

HFA loans to higher education institutions are also expected to expand to allow more colleges to build their own affordable student housing. Loans of 49.3 million euros were made to three higher education institutions last year.

Barry O’Leary, CEO of HFA, said the agency has been able to offer affordable and sustainable loans because it “borrows and lends cheaply”.

He said the majority of loans last year went to licensed housing organizations and 70% of loans went to three organizations in particular; Clúid, Respond and Túath.

The HFA has pledged a quarter of the 20 billion euros needed for the government’s Housing for All plan and O’Leary said he was confident the HFA could “meet or exceed” demands.

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He said it was possible in the near future to review construction methods and in particular explore factory-made models.

“We would like to see a little more in this area and there may be opportunities for joint work between agencies, local authorities and people who want to advance these products,” he said.

Speaking at the launch today, Housing Minister Darragh O’Brien said the HFA was playing a key role in helping to deliver “real cost-effective solutions” in housing.

The Minister declared that the government “will make real progress in the fight against” the housing crisis in the short and medium term thanks to the measures undertaken in the Housing for All plan.

“We have the knowledge, we have the expertise and the capacity, and we now have the finances, but more importantly, we have the determination to make real progress for our people with the housing crisis and real solutions that are going to go. take effect and are taking effect now, ”he said.


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Finance agency

Treasury Department and Federal Housing Finance Agency suspend certain requirements in preferred share purchase agreements with Fannie Mae and Freddie Mac

September 14, 2021

WASHINGTON – The U.S. Department of the Treasury and the Federal Housing Finance Agency (FHFA) today agreed to suspend certain requirements that were added on January 14, 2021 to preferred share purchase agreements (PSPA) between the Treasure and each of Fannie Mae and Freddie Mac (The Firms). The FHFA will continue to measure, manage and monitor the financial and operational risks of companies to ensure that they operate in a safe and healthy manner and in the public interest. During the suspension, the FHFA will review the suspended requirements and consult with the Treasury on any recommended revisions. These suspensions do not affect the ability of Companies to build up or maintain capital.

The suspension of these PSPA requirements recognizes that the FHFA has the authority and responsibility for the safety and soundness of businesses and for fostering housing finance markets that support sustainable home ownership, and is not intended to stimulate aggregate demand for housing given current housing market conditions. House prices have accelerated rapidly, with the annual rate of growth in national house prices reaching decades-long highs. Insufficient housing supply is one of the main challenges facing the residential housing market in the United States today. The Administration is focused on promoting housing stability, which includes promoting housing policies that can sustainably increase the stock of affordable housing to rent and own.

Please see the Executed Letter for Fannie Mae and the Executed Letter for Freddie Mac.

###

Disclaimer

US Department of the Treasury published this content on September 14, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 14, 2021 08:41:01 PM UTC.


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Finance agency

North Dakota Housing Finance Agency accepts applications for multiple programs

Aug 18 — The North Dakota Housing Finance Agency is currently accepting applications for programs that support the development of affordable rental housing and provide homeownership and rental assistance for low-income households, according to a press release from the agency.

“These programs help meet the housing needs of our state’s most vulnerable populations – low-wage workers, aging individuals and families, who need accessible housing and / or are at risk of becoming homeless,” said Dave Flohr, executive director of the Housing Finance Agency.

There are four programs with funding available. NDHFA is the administrator of the State Housing Incentive Fund and oversees three federally funded programs: the HOME Investment Partnerships, the Low Income Housing Tax Credit, and the National Housing Fund. special allocation for housing (HTF).

In North Dakota, HOME supports the production of affordable rental housing and funds homeownership and rental assistance programs. About $ 3 million is available, Flohr said.

Housing tax credits for low-income people encourage private sector investment in affordable housing through tax incentives. Landowners receive credits for up to 10 years depending on their capital investment and a project’s level of commitment to low-income rental. The North Dakota Housing Finance Agency will have a credit authority of $ 2.9 million, which will generate more than $ 25 million in equity for the project.

The objective of the Housing Trust Fund is to increase and maintain the supply of housing for very low income households, including homeless individuals and families. Through this program, $ 3 million is available.

The North Dakota Housing Incentive Fund is helping to ensure the project’s feasibility, filling funding gaps to increase affordability and supporting housing development in urban and rural communities. During the state’s last legislative session, Housing Finance received $ 9.5 million for project funding.

The application process for the programs is competitive with the best performing projects benefiting from conditional housing finance commitments. Applicants must provide evidence that the proposed project or program is necessary and that the costs are reasonable. The application deadline for all of these programs is September 30 at 5:00 p.m. Central time.

More information on the assistance offered is available at www.ndhfa.org or by contacting the agency’s Housing Planning and Development Division at (800) 292-8621 or [email protected]


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Finance agency

Tiena Johnson Hall is the new Executive Director of the California Housing Finance Agency

SACRAMENTO, Calif .– (COMMERCIAL THREAD) – The California Housing Finance Agency (CalHFA) will have a new executive director, as Tiena Johnson Hall was appointed by Gov. Gavin Newsom on Monday.

Johnson Hall, who has been a member of the CalHFA Board of Directors since November 2014, has served as Senior Vice President and Director of Community Development Funding for BBVA Compass Bancshares Inc. since October 2014. Prior to that, she held various positions in the field. housing. in the private and public sectors.

“Tiena Johnson Hall brings a passion for helping people build community, and I am delighted to have her as the head of CalHFA,” said Lourdes Castro Ramírez, Agency Secretary of Business, Consumer Services and housing. “This commitment, coupled with their solid background in housing and finance, will galvanize the CalHFA team as they work to expand mortgage support, increase homebuyers and donate. better access to finance for innovative housing programs, such as Accessory Dwelling. Units. ”

“Tiena’s background makes her the ideal person to lead a mission-driven agency like CalHFA that relies on partnerships with all levels of government, as well as with the private sector,” said Michael Gunning, chairman of the board of directors of CalHFA. “As a longtime board member, Tiena has already used her vast experience and knowledge to help lead CalHFA through some of the most successful years in the history of the organization and we are excited by the future ! ”

This experience includes stints as vice president and community development manager at Bank of the West; a senior vice president and director of relations in the commercial real estate group of the American bank; director of housing in the major projects division of the Los Angeles Department of Housing and Investment; Project manager for communities of residence and more.

For Johnson Hall, living in an affordable housing project a few years after graduating from college and organizing a group to work with the state-owned building to make improvements to the property has been a formative experience that has left him behind. decided to work in the affordable housing industry. .

“I believe CalHFA plays a vital role in the state’s efforts to help Californians find an affordable place to call home,” said Johnson Hall. “My time on the CalHFA Board of Directors has given me an excellent overview of the organization and the opportunity to help shape some of the Agency’s most successful initiatives, such as the innovative partnership with Apple, the award-winning national mixed-income rental housing program, the widely used down payment assistance program, and CalHFA’s commitment to promoting fair housing in a positive way.

Johnson Hall was selected after a nationwide search to replace Tia Boatman Patterson, who stepped down as executive director in February to join President Biden’s administration in the office of management and budget. CalHFA’s deputy chief executive, Don Cavier, served as the agency’s interim executive director.

“Between California’s housing affordability crisis, the pandemic’s disproportionate effect on low-income residents and people of color, and the unprecedented amount of federal and state resources spent on housing, now is the time. for organizations like CalHFA to have an even more significant impact, ”said Johnson Hall.

The California Housing Finance Agency was established in 1975 to help more Californians find a place to call home. CalHFA has helped over 201,000 low and moderate income homebuyers with $ 32.6 billion in first mortgage loans and used $ 6.1 billion in construction and preservation financing for over 70,000 affordable rental housing statewide. CalHFA is a self-funded state agency that does not depend on taxpayer dollars for its operating costs. For more information on CalHFA programs and how we are creating progressive financing solutions for affordable housing in California, visit www.calhfa.ca.gov or call toll-free at 877.9.CalHFA (877.922.5432).


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The Supreme Court decides that the director of the Federal Housing Finance Agency can be removed at will; Calabria Licentiate – Finance and Banking

United States: The Supreme Court decides that the director of the Federal Housing Finance Agency can be removed at will; Calabria dismissed

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The United States Supreme Court ruled yesterday in Collins vs. Yellin that a restriction on the president’s power to dismiss at will the director of the Federal Housing Finance Agency is unconstitutional as a violation of the doctrine of the separation of powers. This decision came as no surprise, the Court having ruled in Seila Law LLC v. Consumer Financial Protection Bureau that a similar restriction on the president’s power to dismiss the director of the CFPB at will was unconstitutional. The Court rejected a number of arguments that the Collinscase differed from Seila case, specifying that:

  • Congress had no more leeway to restrict the president’s power of impeachment with respect to the director of the FHFA than to restrict the president’s power of impeachment with respect to the director of the CFPB;
  • The authority available to the director of the FHFA to replace the regulated entities (that is to say., Fannie Mae and Freddie Mac) and acting as a private party does not give Congress greater authority to limit the president’s impeachment power;
  • The fact that the director of the FHFA regulates government-sponsored entities (again, Fannie Mae and Freddie Mac) does not give Congress greater authority to limit the president’s impeachment power;
  • The argument that the director of the FHFA is only offered “modest” land protection is untenable, because even “modest” protection violates the doctrine of the separation of powers.

The plaintiffs had also challenged the dividend payment formula by Fannie Mae and Freddie Mac which had been promulgated by law on the grounds that the FHFA had exceeded its authority as a conservative by accepting the formula. The Court ruled that this statutory request should be dismissed. The plaintiffs also demanded that all dividends paid under the new formula be returned to Fannie Mae and Freddie Mac. This request was returned to the lower court for further consideration based on the court ruling on the constitutional issue.

Following the announcement of the court’s decision, President Biden fired Mark Calabria as director of the FHFA and appointed Sandra Thompson as interim director. Ms. Thompson has served as the deputy director of the agency’s Housing Mission and Goals division since 2013.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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U.S. Supreme Court Says Federal Housing Finance Agency Structure Unconstitutional – Ballotpedia News

In Collins v. Yellen, the United States Supreme Court ruled that restrictions on the president’s power to remove the director of the Federal Housing Finance Agency (FHFA) violated the separation of powers. In its June 23 ruling, the court also rejected the argument that the FHFA’s actions at issue in the case went beyond the agency’s legal authority.

Judge Samuel Alito delivered the court’s opinion, writing that the Housing and Economic Recovery Act (HERA) prevents shareholders from challenging FHFA rulings in court since the agency acted within its bounds. powers. However, he also wrote that “the Constitution prohibits even ‘modest restrictions’ on the president’s power to remove the head of an agency with a single senior official.” The end of the notice says that the FHFA’s agents were properly appointed, but lower courts should determine whether the unconstitutional restriction on the president’s dismissal power caused harm which gives shareholders the right to seek redress in court. federal court.

Justice Clarence Thomas wrote a concurring opinion stating that actions taken by federal officials are not necessarily illegal simply because a restriction on the president’s dismissal power over them is illegal in the abstract.

Judge Neil Gorsuch wrote a partly concurring opinion in which he argued that the distinction between unconstitutionally appointed officials and unconstitutionally isolated officials should not preclude the court from ruling that an official acted without constitutional authority.

Judge Elena Kagan wrote an opinion partly concurring and concurring with the judgment and Judges Stephen Breyer and Sonia Sotomayor joined Part II of her opinion. Kagan agreed with the majority that the FHFA did not overstep the limits of its powers, but only agreed to hold the agency’s structure unconstitutional out of respect for precedents. Part II of his opinion agreed with the majority that it would be fair to rescind FHFA’s actions only if the president’s inability to fire the director affected those actions.

Judge Sonia Sotomayor wrote a partly concurring and partly dissenting opinion, joined by Judge Breyer. Sotomayor agreed with parts of the majority opinion supporting FHFA’s actions under HERA and discussing potential remedies after the case is referred. On the constitutional question, she argued that the court had misapplied the precedent of Seila Law (2020). She wrote: “The Court has shown itself to be far too eager in recent years to engage in agency structural issues that are best left to Congress.

The court’s decision to keep the unconstitutional FHFA structure articulated limits on the types of administrative agencies that Congress can create and reaffirmed the court’s ruling in Seila Law. Each of the judges’ opinions referred to arguments in the debate surrounding presidential control over federal government officials.

The case was consolidated with Yellen v. Collins.

To know more about the case or executive control of agencies see here:

Further reading:

Link to the decision of the Supreme Court of the United States:


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