Rift Over Affordable Housing Complicates GSE Debate

The fate of low-income and minority families under housing finance reform remains at the heart of negotiations over a Senate bill, highlighting a longstanding split between advocates pushing for affordable rental options and those urging access to homeownership.

The latest salvo came Monday when a coalition of nearly 200 housing organizations, including 33 national groups, sent a letter to the six Democrats on the committee who haven’t joined the bill, urging them to do so.

The housing advocates, which include seniors and veterans groups, along with those that support the homeless and people with disabilities, say they recognize concerns about access to homeownership for minorities and other groups under the new system, but argue that the bill still goes a long way to improving funding for affordable rental options.

National Mortgage News

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