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Regulators Extend Comment Period for CRA Changes


“It’s in the best interest of regulators to not rush modernizing CRA. It’s more important to get it right. NHC has dozens of our members working on a detailed response, along with a team from Nixon Peabody and Georgetown Law School. If the OCC and FDIC really want to improve CRA without gutting it, they need to take this comment period and the resulting feedback very seriously. Extending the comment period is an important first step.” -David M. Dworkin

Will regulators ever find common ground on CRA reform?


“It’s a once-in-a-generation opportunity. If modernization is done without broad support across the political spectrum, it’s just another swing of the pendulum that will cost banks hundreds of millions to retool the compliance system, and hundreds of millions more when the pendulum swings back and they have to retool again — all for what could be a much more problematic CRA regime in the first place.” – David M. Dworkin

Opinion: FHA’s strong financial showing points the way on policy


“Influential organizations spanning the political spectrum — including the National Association of Realtors, the National Association of Real Estate Brokers, the National Association of Hispanic Real Estate Professionals, the National Community Reinvestment Coalition, the National Housing Conference and the National Consumer Law Center — support the effort to end life of loan premiums. Now, with the Actuarial Report in hand, it is time for the FHA to act to end this policy.”

Opinion: Why ‘affordable’ is about more than housing units in the Upstate


“In many cases, individuals earn below $10 an hour, a wage that would be a barrier for most households in Greenville to affording even the most affordable housing unit. The National Housing Conference’s Paycheck to Paycheck study indicates a household would need to earn $60,000 a year to purchase a home and about $33,000 a year to rent a two-bedroom apartment in the Greenville metro area.”

Democrats target housing shortage as advocates warn of crisis


“There are more than 550,000 Americans without homes, according to federal data compiled in 2017. An increasing portion of the homeless population are men and women who’ve been priced out of homes and neighborhoods they were once able to afford.” – David M. Dworkin

Bills Introduced to Address Affordable Housing Crisis


“The Housing as Infrastructure Act has received support from a number of organizations, including Enterprise Community Partners, Local Initiatives Support Corp., National Association of Housing and Redevelopment Officials (NAHRO), National Housing Conference, National Low Income Housing Coalition, and National Multifamily Housing Council.”

Harris, Waters release $100 billion affordable housing bill


“Groups ranging from the National Association of Home Builders, a trade group for housing construction companies, to affordable housing advocates, like the National Housing Conference and the National Low Income Housing Coalition, have endorsed the [Housing is Infrastructure Act].”

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