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Affordable Housing Goals

NCRC applauds FHFA’s proposed expansion of affordable housing goals, and a new goal specific for minority communities

By / / Press Releases / 2 minutes of reading

Today, the Federal Housing Finance Agency (FHFA) proposed 2022-2024 single-family and multifamily housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. In addition to proposing higher annual benchmarks in some categories, the agency proposes new single-family subgoals focused on communities of color and that respond to concerns about displacement in low-income communities.

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Senate housing finance proposal threatens access, affordability, and market stability

By / / Press Releases / 3 minutes of reading

WASHINGTON, D.C. – This week, a leaked version of a housing finance proposal from U.S. Senators Bob Corker (TN) and Mark Warner (VA) emerged that would severely harm America’s housing market. Today, several civil rights and affordable housing groups issued a statement on the proposal’s negative impact on access, affordability, and market stability. The Center

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NCRC Applauds FHFA’s Decision to Fund National Housing Trust Fund and Capital Magnet Fund

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in response to the announcement by the Federal Housing Finance Agency (FHFA) that it would begin setting aside and allocating funds to the National Housing Trust Fund and Capital Magnet Fund, the National Community Reinvestment Coalition (NCRC)’s President and CEO John Taylor made the following statement: “We applaud the FHFA for

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NCRC Statement on FHFA Effort to Expand Credit Access

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s announcement that FHFA has revised and clarified the Representation and Warranty framework, and will be developing new guidelines for mortgages with loan-to-value ratios between 95 and 97 percent, NCRC President and CEO John Taylor made the following statement: “We applaud

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Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream

By / / Uncategorized / 2 minutes of reading

  Please join us for an important conversation about the future of the government-sponsored enterprises and housing finance reform on Friday, January 31 at 8:30 a.m. “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream” will tackle two critical questions in the reform debate: Can we afford

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NCRC Applauds Senate Confirmation of Mel Watt as Director of the FHFA

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in reaction to the Senate’s confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA), National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the confirmation of Mel Watt as Director of the FHFA. He is a well-qualified, pragmatic leader who

NCRC Applauds Senate Confirmation of Mel Watt as Director of the FHFA Read More »

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