Scaling back the Public Private Investment Program (PPIP)

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Jul 13

For some insight on the status of the U.S. Treasury Department's Public Private Investment Program (PPIP) see Robert Knakal's blog post of July 10, 2009, at http://knakalstreetwise.wordpress.com/?sector=newyork . The PPIP program was to be a key element of the government's Troubled Assets Loan Fund (TALF). Knakal explains that the PPIP has lost momentum and is unlikely to emerge as a major factor in helping banks to clean some $1 trillion of troubled assets off their balance sheets. Apparently, PPIP is being scaled down to handle somewhere in the range of only $30 to $50 billion of these assets. Of course, anything with a "billion" after it is a big number. But in the context of a $1 trillion, $50 billion is not all that much.

Historically, regional banks have played a key role in supporting the economic development of regional economies. As a result, these banking institutions often have significant commericial real estate loan portfolios. Scaling back the PPIP could lead to see increasing failures of regional lenders, thereby delaying the economic recovery of the regions they serve.

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com

Scaling back the Public Private Investment Program (PPIP)

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