NHC submitted comments on Opportunity Zones (OZ) to the U.S. Department of the Treasury. NHC believes that to be eligible for the tax incentive, any tax-deferred investments targeted specifically at distressed communities should avoid the elimination of affordable housing leading to displacement of current residents.
The National Housing Conference is encouraged that the Trump administration’s proposal, “Reform Federal Role in Mortgage Finance” is addressing a critical issue affecting the American Home. “The proposal is a constructive beginning to an overdue and important discussion,” said David M. Dworkin, president and CEO of the National Housing Conference.
The National Housing Conference strongly supports the U.S. Senate’s rejection of a procedural vote to consider President Donald Trump’s $15 billion budget rescission package by a vote of 48-50. “The Senate vote was an important stand against a deeply flawed budget policy that would harm affordable housing efforts at a time when they are needed most,” said David M. Dworkin, president and CEO of the National Housing Conference.
The Office of Management and Budget has requested $15.4 billion in cuts from resources already allocated to federal agencies in a rescissions package sent to Congress today. Included in the request is a cut of over $257 million in housing and community development funds, including HUD’s Public Housing Capital Fund, Treasury’s Community Development Financial Institutions and Capital Magnet Funds, and USDA’s Rental Assistance and Community Facilities programs.
NHC’s president and CEO David M. Dworkin says that the omnibus FY 2018 funding bill released tonight “is the most important housing legislation in many years.”
In his March 11 remarks at the National League of Cities’ Congressional City Conference, NHC President & CEO David Dworkin emphasized the importance of strengthening the effectiveness of the Community Reinvestment Act (CRA).
The National Housing Conference (NHC) sent a letter signed by 44 organizations Friday to Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles E. Schumer (D-N.Y.) expressing enthusiastic support for confirmation of Brian D. Montgomery as Department of Housing and Urban Development’s (HUD) assistant secretary for housing and Federal Housing Administration (FHA) commissioner.
The Trump administration released a budget proposal for FY 2019 that cuts more than $8 billion from programs that invest in the American Home, while doing nothing to address historic increases in the national debt, already more than $20 trillion. If enacted by Congress, these cuts would harm millions of American renters and homeowners while undercutting years of successful redevelopment of American communities of all sizes.
