WASHINGTON – (RealEstateRama) — The National Housing Conference is encouraged that the Trump administration’s proposal, “Reform Federal Role in Mortgage Finance” is addressing a critical issue affecting the American Home. “The proposal is a constructive beginning to an overdue and important discussion,” said David M. Dworkin, president and CEO of the National Housing Conference.
“While there remain many details to work out, we are pleased to see the proposal would preserve much of the current system that is working while addressing structural flaws that must be addressed, including the need to bring more private capital into the mortgage markets,” Dworkin said. “NHC strongly supports the continuation of the Affordable Housing Trust Fund and the Capital Magnet Fund in their current or enhanced form, as well as clearly defined responsibilities to serve the entire market that are quantified and enforced by a strong and independent regulator in keeping with the Enterprises safety and soundness.”
“NHC looks forward to working with our members, Congress and the Trump administration on developing a broad, bipartisan consensus on housing finance reform,” Dworkin said.
About NHC: The National Housing Conference has been defending the American Home since 1931. Everyone in America should have equal opportunity to live in a quality, affordable home in a thriving community. NHC convenes and collaborates with our diverse membership and the broader housing and community development sectors to advance our policy, research and communications initiatives to effect positive change at the federal, state and local levels. Politically diverse and nonpartisan, NHC is a 501(c)3 nonprofit organization.