Memo to Members and Partners Articles
The U.S. House Committee on Financial Services Chair Maxine Waters (D-CA) held a hearing on March 8, “The Inflation Equation: Corporate Profiteering, Supply Chain Bottlenecks, and COVID-19,” addressing the causes of and solutions for growing financial pressure brought about by inflation and the…
The Federal Housing Finance Agency (FHFA) announced on February 28 that the national Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive a total of $1.138 billion for affordable housing – the largest amount ever – from Fannie Mae and Freddie Mac (the Enterprises) in 2022. Of…
Senator Alex Padilla (D-CA) introduced the “Housing For All Act of 2022” on February 25. The bill would address the severe shortage of 6.8 million affordable homes for renters with the lowest incomes by investing in proven solutions to housing instability among the lowest-income households,…
After spending the week in recess, members of Congress have returned to Washington and will make crucial decisions about what to include in the overdue appropriations bill for fiscal year (FY) 2022 and the scaled-back “Build Back Better Act.” Both bills present opportunities to significantly expand…