National Housing Conference Tag Archives

Federal Housing Finance Agency News

It’s been a busy week for the Federal Housing Finance Agency (FHFA). During the American Credit Union Mortgage Association’s Annual Conference, Director Mark Calabria shared his concerns about volume-based pricing discounts on Guarantee Fees (G-Fees). FHFA issued a confidential administrative directive to Fannie Mae and Freddie Mac restricting competition on G-Fees

FHFA sent a letter to the 11 Federal Home Loan Banks (FHLBanks) instructing them that, as of December 31, 2019, they should stop purchasing investments in assets tied to London Interbank Offered Rate (LIBOR) with a contractual maturity beyond December 31, 2021.

FHFA announced modified Preferred Stock Purchase agreements with Fannie Mae and Freddie Mac that allow the GSEs to retain capitals of up to $25 billion and $20 billion, respectively. The move ends the capital sweep on earnings above $3 billion that was put into place in 2008 when the GSEs entered conservatorship.

Finally, FHFA announced an agreement with Simone Grimes who accused former director Melvin Watt of sexual harassment.

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NHC Releases White Paper on GSE reform

The National Housing Conference (NHC) released a new white paper on housing finance reform that calls for bipartisan cooperation between Congress and the Trump administration to complete housing finance reform leading to the release of Fannie Mae and Freddie Mac from conservatorship. he paper establishes seven conditions to guide administrative and statutory reform to ensure that the U.S. will have a well-functioning housing finance system that provides consistent, affordable credit to borrowers across the nation and through all parts of the credit cycle, while minimizing the risk of another taxpayer-funded bailout.

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NHC Publishes 2018 Paycheck to Paycheck Report

The National Housing Conference (NHC) released its 2018 edition of Paycheck to Paycheck, a database allowing users to discover the rental and homeownership affordability challenges of workers in 81 occupations in 259 metro areas nationwide. The accompanying report highlights the affordability challenges of five workers in the construction industry face: carpenters; electricians; heating, ventilation, and air conditioning (HVAC) mechanics; maintenance workers and plumbers.

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NH&RA joins letter to protect the HTF and CMF

NH&RA joined a letter led by the National Housing Conference, the National Low Income Housing Coalition, the Capital Magnet Fund Coalition, LISC and the Opportunity Finance Network which calls on the Acting Director of the Federal Housing Finance Agency to continue making allocations to the Capital Magnet Fund (CMF) and the national Housing Trust Fund (HTF).

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Opportunity, Optimism, and Insight on Detroit’s Community Development Showcased at National Housing Conference Policy Symposium

Last Friday morning, the National Housing Conference (NHC) held its Annual Policy Symposium in Washington D.C. to a welcoming audience of investors, researchers, and bureaucrats. The half-day event included an address by Detroit Mayor Mike Duggan on the city’s development, a panel of experts further discussing Detroit, and a panel discussing the growing impact and role of private-public partnerships in community development.

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National Housing Conference Announces David Dworkin New President and CEO

The National Housing Conference (NHC) announced today that David M. Dworkin officially joined NHC on January 16, 2018 as its next President and CEO.

NHC is dedicated to ensuring safe, decent, and affordable housing for all in America. Founded in 1931, NHC serves a national membership through policy advocacy, communications, and research.

Dworkin joins NHC from the U.S. Treasury Department, where he most recently has served as a Senior Housing Policy Advisor in the Office of Domestic Finance. During his tenure at the Treasury Department, he supported Secretary Steven Mnuchin’s housing team on regulatory reform, affordable housing tax credits and modernization of the Community Reinvestment Act. During the administration of President Barack Obama, Dworkin was a part of the White House’s Detroit Revitalization team, and developed the program to use Hardest Hit Funds to eliminate blight throughout the country. He also started and managed the Capital Magnet Fund, a major new federal program to support affordable housing development.

During twelve years at Fannie Mae, he served in various roles, including leading community lending partnerships, managing the company’s Hurricane Katrina Task Force and opening and leading the company’s Detroit office. Prior to joining Fannie Mae, he was a foreign policy and defense advisor in the House of Representatives, and served in several roles under Secretary of State James A. Baker, III, in the first Bush Administration. Dworkin is a graduate of The University of Michigan and lives in Washington, D.C. with his wife, Hayley Hoffman.

“David brings a unique combination of experience in housing policy, finance and communications,” said Ted Chandler, Chair of the NHC Board of Governors. “His work in Washington, D.C., as well as in communities such as New Orleans and Detroit, mirrors the breadth of the housing industry that NHC’s membership represents.”

“I am excited by the opportunity to advance NHC’s mission, and the cause of housing in America,” said Dworkin. “The American Home has been under unprecedented threat since the housing crisis. Now more than at any time in recent history, America’s renters and homeowners need NHC and its members to fight for quality affordable housing. I look forward to fulfilling the trust which the NHC Board of Governors has placed in me,” he said.

Dworkin succeeds Ethan Handelman, who served as Acting CEO since September. Handelman has been directing NHC’s policy and advocacy agenda since 2011. “I want to thank Ethan for his leadership over the course of this transition and his support and guidance to me personally during the transition process,” says Dworkin.