The unexpected delay in the signing of the COVID-19 relief package should not take away from its tremendous impact. The Consolidated Appropriations Act provides desperately needed funding for rental assistance and a host of other initiatives that are historic in their size and scope.
Help is on the way for millions of renters and small business property owners who for months have faced an impending housing crisis. The $25 billion for rental assistance announced by Congress today is a practical start for staving off the immediate threat of mass evictions across the country.
Congresswoman Fudge would bring a much-needed fresh approach to national housing policy. She has been a strong supporter of the HOME program and played a leading role in getting Congress to approve desperately needed funds to stabilize the hardest hit neighborhoods during the Great Recession.
The National Housing Conference (NHC) will host Solutions for Affordable Housing, an online convening exploring bipartisan policy solutions to address housing’s most pressing challenges. The event will feature a roster of influential experts in housing, homebuilding, lending, homelessness, community development and federal, state and local government. Sessions will cover a wide range of issues, including turning the housing supply crisis into an economic opportunity, addressing the affordable rental crisis, closing the Black homeownership gap, the future of the Community Reinvestment Act and more.
David Dworkin, president and CEO of the National Housing Conference (NHC), issued the following statement applauding President-elect Joe Biden’s selection of the Agency Review Teams that will manage the transition to the new administration and be deployed at the Treasury Department and the Department of Housing and Urban Development.
The National Housing Conference (NHC) is pleased to announce Federal Reserve Board Governor Lael Brainard will join the organization for its National Advisory Council (NAC) meeting on Tuesday, Oct. 20, to discuss the Federal Reserve Board’s plans following the release of its September Advance Notice of Proposed Rulemaking to modernize the Community Reinvestment Act (CRA). The meeting will begin at 2:30 p.m. with introductions from NAC co-chairs Barry Zigas, senior fellow at Consumer Federation of America, and Jackie O’Garrow, former Bank of America executive, followed by remarks from NHC President and CEO David Dworkin on NHC’s National Housing Act and other housing priorities.
Today, the Federal Reserve Board voted unanimously to approve an Advanced Notice of Proposed Rulemaking (ANPR) to modernize the Community Reinvestment Act (CRA). The National Housing Conference (NHC) applauds the Fed’s approach taken in the ANPR, which lays the groundwork for aligning all three regulators – including the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) – in a united regulatory regime, and is likely to improve investment to low- and moderate-income households and communities, and clarify examination requirements.
In an attempt to stave off an impending wave of evictions following the expiration of the CARES Act eviction moratorium in July, the White House announced Tuesday plans to issue a new moratorium to prevent evictions through the end of the year for certain eligible renters.
In a response to the Notice of Proposed Rulemaking published by the Federal Housing Finance Agency (FHFA) in May, the National Housing Conference (NHC) joined a broad group of 14 housing and civil rights groups in a comment letter calling on the agency to revise its Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
Today, the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) announced the extension of their respective foreclosure and eviction moratoriums through Dec. 31. Originally set to expire on Aug. 31, the moratoriums apply to single family mortgages insured by the Federal Housing Administration (FHA) or backed by Fannie Mae or Freddie Mac.
