The National Housing Conference (NHC) supports Senate Banking Committee chairman Mike Crapo’s objectives to “establish stronger levels of taxpayer protection, preserve the 30-year fixed rate mortgage and promote access to affordable housing,” said David M. Dworkin, president and CEO of the National Housing Conference.
As the federal government partial shutdown continues to drag on, multifamily housing owners across the country are feeling its impact and consumers are increasingly concerned that this unprecedented crisis of governing could literally impact their ability to remain in their homes. While the National Housing Conference (NHC) is not aware of anyone who has lost their home as a result of the shutdown yet, anxiety is high and multifamily property managers and owners are under increasing pressure as their reserves shrink. If the shutdown continues into February, the situation will deteriorate due to non-payments to owners of federally subsidized properties, as was noted in a comprehensive legal analysis written by the National Housing Law Project (NHLP) staff.
As the partial government shutdown crawls into its fourth week, anxiety among those housed with money from the unfunded Department of Housing and Urban Development continues to rise. “This crisis is completely unnecessary and irresponsible,” said David M. Dworkin, NHC president and CEO. Dworkin cautioned that “no one is currently at risk of losing their home due to the government shutdown,” adding that “affordable housing advocates need to be careful to provide vitally needed facts to our constituents and avoid unnecessarily stoking the fears of innocent low-income people, especially the thousands of senior citizens and people with disabilities living in Section 202 and 811 units.”
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