Strong FHA audit indicates now is the time to fix FHA’s infrastructure, reverse mortgage risk
The Federal Housing Administration’s (FHA) 2018 audit report on the Mutual Mortgage Insurance Fund (MMIF) is another step on the road to full recovery from the housing crisis. However, the report also noted continued losses in the Home Equity Conversion Mortgage (HECM) program, the leading driver of FHA losses.
Top housing, political, community leaders to discuss housing policies post-midterms on Nov. 27
The National Housing Conference (NHC) will host Solutions for Affordable Housing, a post-midterm election examination of federal housing policies and their impacts on local communities. Solutions will feature a roster of top housing, political and community leaders. NHC’s first-ever Advocacy Day on Capitol Hill will follow the next day on Nov. 28. NHC is a national nonprofit dedicated to educating decision makers and the public about federal, state and local affordable housing policies.
National Housing Conference says HUD fair housing assessment tool should be reinstated
NHC has called on HUD to reinstate its Assessment Tool and continue requiring communities to submit Assessments of Fair Housing (AFH) over its outdated and inefficient predecessor. HUD ended the new approach earlier this year. The request was made in comments submitted by NHC to HUD’s Affirmatively Furthering Fair Housing (AFFH): Streamlining and Enhancements advanced notice of proposed rulemaking.
National Housing Conference announces new policy director
The National Housing Conference (NHC) announced today that Tristan Bréaux officially joined NHC as its new policy director.
NHC urges THUD appropriations subcommittees to maintain highest funding levels for HUD programs
The National Housing Conference (NHC) submitted a letter today to urge THUD appropriations subcommittee chairs Sen. Susan Collins (D-Maine) and Rep. Mario Diaz-Balart (R-Fla.) and ranking members, Sen. Jack Reed (D-R.I.) and Rep. David Price (D-N.C.) to maintain the highest level of funding for the HUD title of the appropriations bill for FY 2019.
NHC submits comments to Treasury on Opportunity Zones implementation
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.
NHC statement on the Trump administration’s housing finance reform proposal
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.
NHC lauds Senate’s rejection of Trump budget cuts
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.