Philanthropy

This month’s featured charitable organization is Hope through Housing. Hope through Housing Foundation’s mission is to break the cycle of generational poverty by advocating for policies and implementing programs that empower individuals and change communities. Henry Ford recently spoke to local children enrolled in Hope through Housing’s after-school program. The organization hosts “Career Conversations,” exposing children…

Terminology: Mortgage Backed Securities

President Lyndon Johnson created mortgage-backed securities when he authorized the 1968 Charter Act. It also created Fannie Mae. He wanted to give banks the ability to sell off mortgages. That would free up funds to lend to more homeowners. (How Mortgage-Backed Securities Worked Until They Didn’t, KIMBERLY AMADEO Updated January 31, 2019) Mortgage Backed Securities…

Guest Insights: Opportunity Zones

When the Tax Cuts and Jobs Act (TCJA) was introduced, primary focus was placed on the decrease in tax rates, qualified business income deductions and changes to the itemized/standard deductions.   Now that these have been addressed, a closer look suggests several “opportunities”.  Once such, “opportunity” is The Opportunity Zone program. The Opportunity Zone program was…