On boosting the Low Income Housing Tax Credit: “It’s the most bipartisan and effective affordable housing production tool. It leverages public-private partnerships, it has an incredible success rate.” – David M. Dworkin
“It’s great news for both communities. The trick is it needs to stay great news. And the problem we have to deal with is when you put that many houses or that many people into a community at one time, you’re going to see housing prices go up for both renters and home buyers. If Amazon employees cannot afford to buy and rent in this community, there going to end up with the same problem they had in Seattle.” – David M. Dworkin
“We are excited for Tristan to join us in this role, where he will help lead our federal outreach and housing policy. He brings proven experience in legislative affairs and community engagement that will help NHC galvanize our members and partners to protect and defend the American home.” – David M. Dworkin
This month, the National Housing Conference, an advocate for affordable housing, sent a letter to the Treasury pointing out what the non-partisan group sees as flaws in the legislation. The group encouraged policymakers to implement guardrails and gather data to prevent abuse. It said it would be “tragic” if higher-priced rentals replaced more affordable units because of the incentives.
“In ’14, what you begin to see is a loosening of the underwriting, but not an irresponsible loosening. I think we’re seeing a return to a more normal market.” – David M. Dworkin
“I believe there is a unique opportunity to improve this important tool to make access to credit and investment fairer while maintaining the safety and soundness of our financial institutions.” – David M. Dworkin
“Housing finance reform remains the single largest unfinished business of the housing crisis. And the single biggest factor standing in the way of that business is getting agreement on how to ensure that the GSEs serve all Americans, not just the wealthy.”
– David M. Dworkin
National Housing Conference CEO David Dworkin says that FHA commissioner Brian Montgomery’s announcement that HUD is “easing” use of the False Claims Act with regard to FHA lenders is actually a good thing. The sampling for mortgage defects to bring the lawsuits had gotten too picky, he says, and the lawsuits brought under the act were being used more to win showy settlements from banks with a lot of assets (who then stopped participating in FHA) rather than going after truly bad actors. Dworkin says a legislative fix would be better, as mortgages outlast administrations, but that this is a step in the right direction of getting more banks back to FHA lending.