“While there remain many details to work out, we are pleased to see the proposal would preserve much of the current system that is working while addressing structural flaws that must be addressed, including the need to bring more private capital into the mortgage market.”
– David M. Dworkin
“If the fund isn’t strong enough to lower the premiums now, then [FHA leadership] needs to identify the specific reforms that are needed that will strengthen the fund so that they can be lowered in the future.”
– David M. Dworkin
“The bill corrects the unintended consequences in an extremely complicated rule. When we get into the level of complexity that we have adopted in some of these regulations, things that were intended happen and create problems for organizations like Habitat.”- David M. Dworkin
“When we get into the level of complexity that we have adopted in some of these regulations, things that were intended happen and create problems.”
– David M. Dworkin
“The lenders can seek the extra volume responsibly, learn from the crisis, and be appropriately cautious in stretching the credit envelope.”
– David M. Dworkin
“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
