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NHC applauds the Moving Forward Act  

The National Housing Conference (NHC) strongly supports passage of H.R. 2, the Moving Forward Act, which House Democratic leadership outlined in text released this week. The bill provides important measures that will facilitate the production of affordable housing across the country, including $100 billion in new funding for affordable housing, a new tax credit for investment in lower cost homes, and an increase in the Low-Income Housing Tax Credit (LIHTC) allocation by more than 60%.

NHC’s statement on OCC’s final rule for regulations under the Community Reinvestment Act (CRA)

The OCC has issued its final CRA rule just six weeks after the end of the comment period on the Notice of Proposed Rulemaking (NPR) and amid the worst health and economic crisis of our lifetimes. Banks, regulators and community groups must be singularly focused on responding to this unprecedented crisis, and not on bureaucratic and regulatory diversions that will sidetrack essential resources from the task at hand.

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