What we're reading now: the latest housing reports and analysis
Multi-Housing News: How privatizing GSEs could impact the multifamily market
Senate Banking Committee Chairman Mike Crapo released a proposal Friday, Feb 1 2019 to reform the GSEs, Fannie Mae and Freddie Mac, by privatizing them. This has caused industry experts to worry about who will take on the counterparty risk for the government if GSEs do get privatized. And although this isn't the first time a GSE reform has been made, changes in positions at the Federal Housing Finance Agency could mean this reform might pass.
As of today, this possible reform has left a lot of unanswered questions yet to be addressed by Crapo's proposal that could impact the multifamily housing industry.
In other news:
National Low Income Housing Coalition: NLIHC provides memo to 116th Congress offering solutions to rental housing crisis
- The NLIHC released a memo Jan 30 that lists suggestions senators and representatives can take to help end homelessness and aid low-income citizens with affordable housing.
National Low Income Housing Coalition: Senators reintroduce ‘Voucher Mobility’ Bill to improve access to high-opportunity neighborhoods
- On Jan 31, senators introduced S. 291, the “Housing Choice Voucher Mobility Demonstration Act." This bipartisan bill hopes to provide greater choice and mobility in HUD’s existing voucher program.
National Low Income Housing Coalition: House finalizes committee rosters for 116th Congress
- The House has finalized the membership of committees and announced subcommittee leadership for the 116th Congress.
North Carolina Department of Commerce: NC disaster recovery program
- HUD appropriated $236,529,000 in Community Development Block Grant funds to the state of North Carolina for recovery from Hurricane Matthew.