“Anti-discrimination legislation, like ending redlining—which Biden proposes—in housing is crucial. What Biden is proposing would help millions of Americans. There’s a disturbing element of ‘I’ve got mine, too bad for you.’ Some people say, ‘I put 20% down on the house, why can’t you?’” – David M. Dworkin
“The reality is white homeowners have gotten very specific benefits over time that accumulate. One of the biggest ones is the ‘daddy down payment loan.’ If you’re a multigenerational homeowner, your family has the wealth and resources to help you with your down payment.” – David M. Dworkin
“Small buildings with one to four units are doing the worst. The renters have lower incomes and the landlords have fewer resources.” – David M. Dworkin
“David Dworkin, president and CEO of the National Housing Conference, estimated that it will take $25 billion to $35 billion to cover the rent due to landlords. ‘Congress is going to have to pay this bill, sooner or later. It’s going to be a lot more expensive later,’ Dworkin said.”
“Detroit needs investment but we need to ensure that it doesn’t result in displacement and the time to do that is now while housing is still affordable. Most cities miss this opportunity and it costs them much more in the long run to play catch up.” – David M. Dworkin
“In a year where partisanship has tainted every corner of political discourse, this is a refreshing exception,” said NHC president and CEO David M. Dworkin. “The Fed’s unanimous support for a modernized approach to CRA sets the table for the FDIC and OCC to come together on a unified approach.”
The National Housing Conference, a fierce critic of the OCC’s reform of CRA, said the Fed’s proposal could lead the way to a united approach to modernizing the CRA. The Fed’s approach “is likely to improve investment to low- and moderate-income households and communities,” the housing group said in a statement.
“We need to build a lot more housing. That’s going to be really important coming out of this recession because housing has actually helped lead the way out of recession; every recession we’ve had since 1960, except for the last one.” – David M. Dworkin
Twelve organizations have issued a joint public comment on the Consumer Financial Protection Bureau proposed rule entitled “Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): General QM Loan Definition”. The comment was written on Sept. 8, 2020, and posted on Sept. 9, 2020:
The comment was co-signed by the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Center for Responsible Lending, Housing Policy Council, Leadership Conference on Civil Rights and Human Rights, National Association of Hispanic Real Estate Professionals, National Association of Real Estate Brokers, National Community Reinvestment Coalition, National Fair Housing Alliance, National Housing Conference and U.S. Mortgage Insurers.
“Whether it’s three months from now, or six months from now, or a year from now, having millions of people be evicted because they can’t pay a year’s worth of rent is not a solution.” – David Dworkin