Affordable Housing Program

Campaign: Affordable Housing Program

Acting NMTC Program Manager

Time is of the essence so any strategies tied to cash will inherently delay implementation and add to the complexity of the foreclosure crisis and escalating costs that everyone including borrowers, investors, lenders, and ultimately taxpayers, are presently facing. The capital markets are not eager to make loans to so-called sub-prime borrowers saddled with predatory loan terms nor are they positioned to absorb such ...more »

Submitted by

Voting

-2 votes
Active

Campaign: Affordable Housing Program

Provide responsible lending for low income housing.

Review and bring into compliance with sound lending practices and OMB circulars the guarantee loan programs of Rural Development most notably the 538 RRH loan program. An example of poor oversight is the agency does not have the authority to review the appraisal submitted by the applicant for multi-million dollar mutli-family housing project. For a direct loan we do not accept the applicant's own appraisal let alone not ...more »

Submitted by

Voting

0 votes
Active

Campaign: Affordable Housing Program

transfer surplus Federal land to local municipalities to use for responsibly planned low cost green housing

For DOE national laboratory, Veterans Administration campuses, and military installation (DOD) campuses- Identify the real estate required to support the growth plan through 2021, and if a laboratory has no viable plan, transfer the surplus Federal land to local municipalities and manage it by a cross agency panel consisting of HUD, DOE, FDA and EPA to use for responsibly planned low cost green housing, wind farms (where ...more »

Submitted by

Voting

4 votes
Active