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[OP-ED] We need this affordable housing program now more than ever

Posted on February 16, 2019

Originally published February 16, 2019 by The Hill
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David Dworkin president and CEO of the National Housing Conference
David Dworkin is president and CEO of the National Housing Conference and a former congressional staffer and who has served in a variety of capacities in the administrations of Presidents George H. W. Bush, Barack Obama and Donald Trump.

The president of the nonprofit National Housing Conference, writes that the Trump administration should preserve the Capital Magnet Fund, a Treasury Department program that loans money to organizations building and maintaining affordable housing. He claims the administration is considering axing the Fund, despite its nine-year record of stimulating economic growth in underserved regions. Most of the projects underwritten by the Fund have supported low-income individuals with disabilities, veterans, seniors and the homeless.

Read the full story from The Hill here.

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This entry was posted in News, Outside CDS and tagged Capital Magnet Fund (CMF), civil rights, Fannie Mae, Federal Housing Finance Agency (FHFA), Freddie Mac, Housing.

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