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FHFA Director Mel Watt to Testify Before Senate Banking Committee

The Senate Banking Committee is moving forward with discussions about reforming our nation’s housing finance system, which is a top priority for Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH). NLIHC will work with advocates across the country to ensure that increased funding for the national Housing Trust Fund (HTF) is included in any housing finance reform legislation.

The Banking Committee has scheduled a hearing on Thursday, May 11 on “The Status of the Housing Finance System After Nine Years of Conservatorship” with Federal Housing Finance Agency Director Mel Watt. NLIHC will closely monitor the hearing and provide a review in next week’s Memo to Members.

This hearing follows a series of staff-level Committee briefings on the topic of housing finance reform, including one on April 13 that featured NLIHC President and CEO Diane Yentel.

NLIHC encourages all advocates to sign a letter urging Congress to protect and expand the national Housing Trust Fund and to share the letter with their networks.  The deadline for signing the letter is May 31.

Sign onto the letter supporting the HTF at: http://bit.ly/2lBR7eM