National housing leaders meet to develop solutions to growing affordability crisis
Housing leaders from around the country meet to develop solutions for the growing affordability crisis, which has left one in five adults, age 25-35 living with their parents, according to research conducted by the National Association of Home Builders. “We need to fix this housing crisis before it’s too late,” said NHC President and CEO David M. Dworkin.
Strong FHA audit indicates now is the time to fix FHA’s infrastructure, reverse mortgage risk
The Federal Housing Administration’s (FHA) 2018 audit report on the Mutual Mortgage Insurance Fund (MMIF) is another step on the road to full recovery from the housing crisis. However, the report also noted continued losses in the Home Equity Conversion Mortgage (HECM) program, the leading driver of FHA losses.
Trump Administration’s Proposed Budget, Infrastructure Plans Continue Attack on the American Home
The Trump administration released a budget proposal for FY 2019 that cuts more than $8 billion from programs that invest in the American Home, while doing nothing to address historic increases in the national debt, already more than $20 trillion. If enacted by Congress, these cuts would harm millions of American renters and homeowners while undercutting years of successful redevelopment of American communities of all sizes.