Action Alert: Sign On to Protect and Expand the National Housing Trust Fund
From the National Low-Income Housing Coalition:
NLIHC is re-invigorating the national Housing Trust Fund (HTF) campaign to bolster support for this first federal resource in a generation dedicated to building and preserving homes for the lowest income people. The relaunch of this campaign already has over 1,600 organizations that have signed on in support. Check to see if your organization has signed on here. If it has not, endorse the campaign today!
There are new opportunities–and significant threats–for the HTF this year and next. Housing finance reform legislation could be taken up by a lame duck Congress this fall or by the new Congress in 2019. Current legislation does not meet the $3.5 billion threshold for HTF funding established in the bi-partisan Johnson-Crapo reform bill of 2014, and advocates need to work together to ensure any housing finance reform package provides at least this level of funding. In addition, President Trump may appoint a new Federal Housing Finance Agency director who could once again suspend the statutorily required contributions by Fannie Mae and Freddie Mac to the HTF. Senator Elizabeth Warren (D-MA), on the other hand, has proposed a bold expansion of funding to the HTF in her “American Housing and Economic Mobility Act,” which would allocate $44 billion each year to the HTF over ten years.