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People on the Move 9.24.18

“We are excited for Tristan to join us in this role, where he will help lead our federal outreach and housing policy. He brings proven experience in legislative affairs and community engagement that will help NHC galvanize our members and partners to protect and defend the American home.” – David M. Dworkin

This Tax Break for the Poor Is Actually a Big Win for Goldman Sachs

This month, the National Housing Conference, an advocate for affordable housing, sent a letter to the Treasury pointing out what the non-partisan group sees as flaws in the legislation. The group encouraged policymakers to implement guardrails and gather data to prevent abuse. It said it would be “tragic” if higher-priced rentals replaced more affordable units because of the incentives.

Housing finance reform’s gridlock problem: Affordable housing

“Housing finance reform remains the single largest unfinished business of the housing crisis. And the single biggest factor standing in the way of that business is getting agreement on how to ensure that the GSEs serve all Americans, not just the wealthy.”
– David M. Dworkin

Shelter Shorts, The Week in Community Development—July 23

National Housing Conference CEO David Dworkin says that FHA commissioner Brian Montgomery’s announcement that HUD is “easing” use of the False Claims Act with regard to FHA lenders is actually a good thing. The sampling for mortgage defects to bring the lawsuits had gotten too picky, he says, and the lawsuits brought under the act were being used more to win showy settlements from banks with a lot of assets (who then stopped participating in FHA) rather than going after truly bad actors. Dworkin says a legislative fix would be better, as mortgages outlast administrations, but that this is a step in the right direction of getting more banks back to FHA lending.

Housing finance reform should fix what’s broken

“An important first step is allowing Fannie Mae and Freddie Mac to exit conservatorship as private companies with access to a federal guarantee that is paid for rather than implied. We need to finish the work we began in the Housing and Economic Recovery Act of 2008, which made the government rescue of the mortgage market possible. We need to fix what is broken.”
– David M. Dworkin

The Harm to Affordable Housing

“That’s how we could end up with a tax bill that cost us a quarter million units of affordable housing over ten years, and have that not be mentioned in the national debate.”
– David M. Dworkin

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