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 CEO Dworkin: OCC’s Final Rule ‘Eliminates the Fundamental Value of CRA and a Dangerous Distraction from Economic Recovery’
The National Housing Conference (NHC) this week expressed its support of a congressional resolution to repeal the Office of the Comptroller of the Currency’s (OCC) final rule on the Community Reinvestment Act (CRA).
Housing Partnership Equity Trust’s Anne McCulloch Appointed Chair of National Housing Conference Board of Governors
The National Housing Conference (NHC) today announced the appointment of Anne Segrest McCulloch as chair of the organization’s Board of Governors. McCulloch is president and CEO of the Housing Partnership Equity Trust, a social-purpose real estate investment trust (REIT).
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.
NHC joins organizations to call for a suspension of federal rulemaking procedures during the COVID-19 pandemic
Today, NHC joined with a diverse coalition of organizations in housing and community development to call for federal regulatory agencies to temporarily suspend housing-related rulemaking procedures that are unrelated to our nation’s response to the health and economic ramifications of the COVID-19 pandemic.
Statement by David M. Dworkin President and Chief Executive Officer National Housing Conference (NHC) on Federal Housing Finance Agency (FHFA) Announcement to Address Mortgage Servicer Liquidity Concern
“FHFA’s announcement today is an important first step. Ensuring servicers can move payments to the end of the loan term and get reimbursed in four months is progress.”
NHC strongly recommends an immediate suspension of all regulatory processes involving housing and financial services that do not directly contribute to the war against the COVID-19 virus and its economic aftermath.
The National Housing Conference (NHC) applauds Congress and the Trump administration for enacting a critical $2 trillion emergency spending package to provide relief for Americans who have been adversely impacted by COVID-19.
Praises HUD, Freddie Mac and Fannie Mae move to halt evictions and foreclosures as a ‘critical first step’
NHC praises FDIC and OCC extension as an ‘important first step.’