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Policy Working Groups

Task Forces & Working Groups

NHC convenes and actively engages its members, stakeholders and others in order to improve coordination of diverse agendas and to build consensus on key housing issues.

NHC establishes issue-specific task forces and working groups that allow members to work together on solutions. Groups are often formed quickly in response to emerging issues.

Black Homeownership Working Group

Research has shown that black homeownership is lower today than it was when the Fair Housing Act was signed 50 years ago. Black homeowners were disproportionately hurt by the 2009 financial crisis, despite experiencing the slowest growth in homeownership out of any racial group leading up to the crash. NHC is assembling a Black Homeownership Working Group to engage a group of diverse members to develop policies and strategies to help close the black homeownership gap. While discrimination is clearly embedded into the foundation of the black homeownership gap, we also must be cognizant of the fact that historic changes in law and regulation have failed to provide a meaningful and sustainable impact on the homeownership rate. Our objective will be to examine the problem holistically and develop a research-based, data-driven approach to address it. The Working Group will include representatives from other nonprofits, financial institutions, federal regulators, housing advocates and real estate associations. The first meeting of the Working Group was held on April 17, 2019.

CRA Task Force

There’s a historic opportunity to modernize the CRA and improve the lives of millions of Americans. On May 20, the OCC issued its final CRA rule just six weeks after the end of the comment period on the Notice of Proposed Rulemaking (NPR) and amid the worst health and economic crisis of our lifetimes. Our formal comment letter on the CRA NPR stated, “we have no idea how severely the pandemic will impact our economy, the financial system and communities throughout the nation. Committing resources to regulatory initiatives that do not directly support our national response to the COVID-19 pandemic is a dangerous distraction.”

NHC’s CRA Task Force will work with the Federal Reserve Board and Federal Deposit Insurance Corporation to develop effective CRA modernization that we hope will ultimately be adopted by future leadership at the OCC.

Housing Finance Reform Working Group

On May 21, the Federal Housing Finance Agency (FHFA) announced an NPR establishing a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a re-proposal of the NPR published in June 2018 under former FHFA Director Mel Watt and would require the government-sponsored enterprises (GSEs) to retain 4% of their assets in capital, which would have amounted to roughly $240 billion last year, once they are released from conservatorship.

NHC’s Housing Finance Working Group will work on preparing detailed recommendations in response to the NPR.

In September 2019, NHC’s Housing Finance Reform Working Group published a white paper outlining key objectives to help guide the administration as they consider the future of the housing finance system and the federal government’s role in that system.

If you are interested in joining any of these Working Groups,  please contact us at membership@nhc.org.

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