A key determinant of whether the Enterprises will be able to meet their responsibilities under FHFA’s Equitable Housing Finance Framework will be the extent to which they invest capital and personnel in their plans. Both Enterprises have lost significant intellectual capital and experience in this space in recent years.
“Since her appointment at FHFA Acting Director last June, Ms. Thompson has repeatedly demonstrated her commitment to an equitable housing finance system,” said NHC President and CEO David M. Dworkin. “In less than a year, she has led the rewrite of Fannie Mae and Freddie Mac’s Duty to Serve plans to expand the Enterprises’ activity in underserved markets, and created a new Equitable Housing Finance framework to increase lending in markets not covered by the Duty to Serve program. I have every confidence that she will continue to prioritize sustainably expanding racial equity and access to affordable housing now that she has been confirmed.”
Julia Gordon brings deep experience to address the significant challenges that face FHA. If we are going to succeed in closing the racial homeownership gap, FHA must be in the forefront. Through her leadership of the National Community Stabilization Trust, she has a nuanced understanding of local housing markets and how they can function sustainably even when under stress.
“The new proposal to modernize the Community Reinvestment Act (CRA) is a significant improvement while being open to additional feedback on key issues,” said David M. Dworkin, president and CEO of the National Housing Conference. “This proposed rule moves CRA into the 21st century with a durable approach that will withstand the scrutiny of future swings in political leadership for at least a decade,” Dworkin said.
The National Housing Conference (NHC) is pleased to announce honorees to be celebrated at our Annual Housing Visionary Awards Gala on June 14, 2022, at the Anthem in Washington, D.C. This year’s honorees are distinguished leaders in housing and community development whose work has helped move our nation toward NHC’s goal of decent, affordable housing for all.
NHC commends the Senate for the confirmation of Lael Brainard as Vice Chair of the Federal Reserve Board of Governors. “Governor Brainard is an experienced financial regulator with a deep understanding of how the Fed’s actions impact communities across the country,” said David Dworkin, NHC President and CEO.
The National Housing Conference commends the work of the Property Appraisal and Valuation Equity (PAVE) Task Force, led by Housing and Urban Development Secretary Marcia Fudge and Domestic Policy Director Ambassador Susan Rice. The report’s recommendations are essential steps to dealing with the enduring problem of racially biased appraisals.
