In an attempt to stave off an impending wave of evictions following the expiration of the CARES Act eviction moratorium in July, the White House announced Tuesday plans to issue a new moratorium to prevent evictions through the end of the year for certain eligible renters.
In a response to the Notice of Proposed Rulemaking published by the Federal Housing Finance Agency (FHFA) in May, the National Housing Conference (NHC) joined a broad group of 14 housing and civil rights groups in a comment letter calling on the agency to revise its Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
Today, the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) announced the extension of their respective foreclosure and eviction moratoriums through Dec. 31. Originally set to expire on Aug. 31, the moratoriums apply to single family mortgages insured by the Federal Housing Administration (FHA) or backed by Fannie Mae or Freddie Mac.
NHC President and CEO David M. Dworkin welcomed the decision by the Federal Housing Finance Agency (FHFA) yesterday to delay the effective date of the recently proposed Adverse Market Refinance Fee.
In an Aug. 21 letter, a broad group of 31 housing groups urged congressional leaders and the administration to return to negotiations on a stimulus package to protect renters, property owners and the stability of the nation’s rental housing stock. “We implore you to immediately return to the negotiating table and reach agreement on rental assistance and broader relief legislation that keeps people in their homes,” the letter stated.
NHC President and CEO David M. Dworkin says the president’s executive order on evictions “is not enough to forestall an eviction crisis.”
“Reasonable people can disagree on the technical elements of any regulation, but nothing about this action is reasonable. It guts the purpose of this important civil rights legislation,” said NHC President and CEO David M. Dworkin. “Eliminating the AFFH regulation is an invitation to do nothing to address the impact local policies and practices can have on increasing racial inequality,” Dworkin said.