On February 11, the Obama Administration delivered a report to Congress that present a proposal for reforming America’s housing finance market. U.S. Treasury Secretary Timothy Geithner called the proposal “a plan for fundamental reform — to wind down the GSEs, strengthen consumer protection, and preserve access to affordable housing for people who need it.”
The Administration’s reform plan will:
- Wind down Fannie Mae and Freddie Mac and help bring private sector capital back to the market
- Strengthening the long-term health of the mortgage market for borrowers, lenders, and investors
- Better target the Federal Government’s support for affordable housing
- Put forward longer-term reform choices for structuring the government’s future role in the housing market.
Housing finance reform will be a central theme of the NH&RA Annual Meeting & New Markets Tax Credit Symposium, February 23-26 in Bonita Springs, Fla. Click here for more conference information. NH&RA will also be providing ongoing analysis of this topic on our website. Check back often for updates.
