“On the other hand, including affordable units in a development can undercut its financial feasibility, reports the Urban Institute and National Housing Conference. For example, lower-cost units would mean less projected revenue, which could decrease the ability to secure a construction loan, the report found.”
“There is no limit, the limit is really around what the market is. If we can get there responsibly, we can get to that place.”
– David M. Dworkin
“Critics say that inclusionary zoning policies drive up housing costs by limiting the total amount of housing built. In the majority of cases that isn’t true, according to 2016 research by the National Housing Conference’s Center for Housing Policy.”
“Allow CRA to do what it is intended to do, which is to encourage banks to do more lending in low- and moderate-income communities. When you try to do both at the same time, it creates unintended consequences.”
– David M. Dworkin
“The report embraces and accepts the fact that it’s time to provide much more detail and specificity for banks and the consumer advocates that are judging them.”
– David M. Dworkin
David Dworkin, president and CEO of the National Housing Conference, called the omnibus “the biggest and most important housing legislation in several years.” “Compared to the Trump administration budget, it’s downright dramatic,” Dworkin said. “It’s important because as the home ownership rate has fallen, there’s been increasing pressure on multifamily rental, particularly affordable rental.”
David M. Dworkin, president and CEO of the National Housing Conference, called the fiscal 2018 funding bill “the most important housing legislation in many years.”
“Washington works best when it is working together on building our country. It’s gratifying that reconciliation and compromise are not the lost arts of political discourse.”
– David M. Dworkin
“A recent analysis from the National Housing Conference and the Center for Housing Policy showed that neither a teacher nor a social worker making the median national salary in their respective professions can afford the fair market rent for a two-bedroom home in the Boston, San Francisco, San Jose or Washington, D.C., metro areas.”
“This budget is bad policy and bad politics. It undermines years of public-private investments in housing and community development that have had broad bipartisan support, like the CDFI Fund and block grant funding for neighborhood redevelopment. It even cuts the Capital Magnet Fund and National Housing Trust Fund, which aren’t even paid for by taxpayers.”
– David M. Dworkin
