NAHB Commends Crapo Proposal to Move Housing Finance Reform Debate Forward

Housing Finance
Senate Banking Committee Chairman Mike Crapo (R-Idaho) today released an outline to reform the nation’s housing finance system. NAHB sees this as a positive development to move forward on this important housing priority and Chairman Randy Noel issued the following statement on the proposal: "NAHB commends Senate Banking Committee Chairman Mike Crapo for taking this important step to move the debate forward on overhauling Fannie Mae and Freddie Mac, and the U.S. housing finance system. He has consistently taken a leadership role on this issue. Sen. Crapo’s plan would maintain a limited federal backstop to the nation’s housing finance system, a critical element recommended by NAHB to achieve meaningful housing finance reform. "Momentum on overhauling the housing finance system is clearly growing, as the administration is also looking to move forward on this issue. While a legislative solution will ultimately be required to accomplish comprehensive housing finance reform, NAHB looks forward to working with all interested stakeholders to move this process forward. A stable and reliable housing finance system is vital to a vibrant housing market and a strong economy." View Crapo’s press release and an outline of the plan. For more information, contact Scott Meyer at 800-368-5242 x8144.

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