“When he spoke before the committee and he was clear about not doing anything that would disrupt the housing economy or these funds, I took him at his word. I think it’s a product of his evolving understanding of the complexities of the market and the importance of these policies.” – David M. Dworkin
“Antoinette Sykes has joined the National Housing Conference (NHC) as its communications director. She brings to NHC over 13 years of extensive communications experience. Most recently, she served as a senior program and project manager at the Department of Justice (DOJ), where she oversaw payment communications for the 9/11 Victims Compensation Fund.”
“We also need to do a much better job of understanding the current drivers of the homeownership gap and the most impactful strategies to close it. To do this, we are also going to have to let go of some popular myths about what happened during the housing disaster of 2004-2014.”
“Our new slogan is HR-1 in 2021,” he says. “We want the top priority of the next Congress and administration to be housing, and there’s a lot of work ahead to get us there.” – David M. Dworkin
“In addition to the NAR, MBA and NAAHL, the letter was signed by the Asian Real Estate Association of America; the Consumer Federation of America; the Consumer Mortgage Coalition; Enterprise Community Partners, Inc.; Habitat for Humanity International; the Leading Builders of America; the Local Initiatives Support Corporation; Make Room, Inc.; the Manufactured Housing Institute; Mercy Housing; Nareit; the National Apartment Association; the National Association of Hispanic Real Estate Professionals; the National Association of Home Builders; the National Association of Real Estate Brokers; the National Community Stabilization Trust; the National Council of State Housing Agencies; the National Housing Conference…”
The letter stated “These programs are effective tools in creating affordable housing supply and are funded by a de minimis fee on new business, currently 4.2 basis points, and not through federal appropriations. They have broad bipartisan support and failure to continue to fund them will result in an even greater need for government spending to address the shortage of affordable housing in the future.”
“The Capital Magnet Fund provides essential equity capital that non-profit developers and lenders often cannot find elsewhere — funding to do pre-development work, create revolving loan funds, establish loan loss reserves and provide loan guarantees — all critical pieces of affordable housing and community development.” David M. Dworkin
David Dworkin, president and CEO of National Housing Conference, agrees. “There are a couple of reasons why it does not make much sense as a blanket proposal,” he said. Dworkin is worried that low- and moderate-income families could get displaced in scenarios such as the one Lawrence describes.
“The National Housing Conference submitted comments seeking more reporting requirements “to avoid the potential for fraud and displacement that would ultimately increase the cost of the initiative and turn [OZs] into a costly tax shelter.”
“While none of the 1,175 rental contracts that were not renewed by HUD due to the shutdown were likely to affect low-income tenants, according to the National Housing Conference (NHC), this could have changed if the shutdown extended past February. NHC said that HUD staff was working with landlords across the country to ensure this does not happen. Additionally, contracts were being paid with available funds, and landlords were being told to use their reserves to cover operating expenses.”
