Affordable Housing Groups Say Reform Proposals Are ‘Harmful’
January 5, 2018
Fair housing advocates and civil rights groups wrote the Senate Committee on Banking, Housing and Urban Affairs to express concerns about not having a seat at the table as lawmakers draft GSE reform legislation. The groups, which include the Center for Responsible Lending, National Fair Housing Alliance and the NAACP, said current House and Senate proposals would do significant harm by locking out the very borrowers who depend on a future system, resulting in devastation to a recovering market. “Our constituents have a strong stake in the outcome of any legislative proposals in this area, and we are alarmed that we have not been invited to offer...