We Need Your Help

Your support is NEEDED! Chairwoman Maxine Waters, head of the House Financial Services Committee, is asking for endorsers for her three major housing bills.  Please consider if your organization wants to provide an endorsement for each of these significant bills.  A strong showing by the housing counseling community is helpful.  Our deadline is 2:00pm EST on July 16, 2021. Downpayment Towards Equity:  This is a $10 billion commitment to First Time Homebuyer and First Generation homebuyers.  Grants of up to $20,000 and for socially and economically disadvantaged an extra $5,000.  Housing counseling is required for most of the grants.  This is the bill we have been working on and a major goal of the Black Homeownership Collaborative.  Your agency endorsement can be entered here. Housing is Infrastructure Act of 2021:  This bill provides significant funding for a mix of federal affordable construction, rehabilitation, and preservation programs, including additional CDBG funding for localities.  It also creates a national infrastructure bank. A summary of the bill is here.  Your agency endorsement can be entered here. The Endling Homelessness Act of 2021:  This bill phases in a universal Section 8 rental voucher program, which would mean that every low-income people person that needed it would get a subsidized, affordable rent (currently on a quarter do).  A summary of the ambitious bill is here.  Your agency endorsement for this bill can be entered here. Email me if there are questions.  Thanks in advance for all your help.   -Bruce   Bruce Dorpalen National Housing Resource Center bdorpalen@hsgcenter.org (267) 773-7210

The Black Homeownership Collaborative Plan for Three Million New Black Households by 2030

Black homeownership has plummeted since the Great Recession.   Systemic racism, equity stripping, and a significant loss of affordable housing are just a few reasons for this declination in Black homeowners throughout the US.   The National Housing Resource Center has joined with the National Housing Conference, the National Association of Real Estate Brokers, the National Fair Housing Alliance many other organizations working collaboratively through the Black Homeownership Collaborative to ensure that there are 3 million new Black homeowners by the year 2030.  To do this, a 7-point plan has been devised that will address several key areas that have caused Black homeownership to continually plummet since the end of the Great Recession. Over one hundred housing leaders that span the political spectrum in areas of housing advocacy and industry recommend seven “tangible, actionable, and scalable” steps that will aid in addressing the gap in housing disparities between Black and white homeowners.  As this is just the beginning in bringing Black homeownership to “levels never previously attained”, they are assured that these steps will lead to new strategies as this plan unfolds. The National Housing Resource Center (NHRC), HomeFree-USA, and NeighborWorks America co-chaired the Downpayment Assistance and the Housing Counseling Workstreams.   To read this plan in detail, click here. Homeownership Counseling – Providing homeownership counseling helps to close the gap in many of these areas by getting much-needed information to would be Black homebuyers.  The plan calls for sustained funding for housing counseling and strategies to get homebuyers and homeowners to housing counseling programs early in the process. Downpayment Assistance – Discriminatory housing policies and growing racial wealth gaps play a major role in many Black and Brown families not having much needed resources to save for [...]

Proposal for the New Covid-19 Housing Counseling Funding Program

National Housing Resource Center was instrumental in ensuring that the Biden Administration include funding for housing counseling in the American Rescue Plan Act.  We are incredibly happy that $100 million was added because of our advocacy and that the funds were designated to flow through NeighborWorks America as was done with the National Foreclosure Mitigation Counseling (NFMC) program during the financial crisis.  While the NFMC program was incredibly helpful and made it possible for housing counseling agencies to build capacity and meet the needs of consumers, there were lessons housing counselors learned which could strengthen new programs.  We convened a working group of thirty-eight (38) housing counseling leaders to discuss best practices from the NFMC program and review what needed to be done differently.  As a result, we were able to submit a comprehensive list of proposals to NeighborWorks America for the design of the Covid-19 Housing Counseling Funding.  The full list of proposals can be found here.   Below are a few key highlights. A program can only be properly distributed with adequate administration. This is also true with distributing housing counseling services to any community. The working group believes that there should be adequate support for administrative costs to both subgrantees and intermediaries. NeighborWorks America should prioritize direct funding to agencies for the services they provide over funding for program research and staff training for the first $100 million. We strongly support analytic reviews of the work and staff training but suggest that funding for this comes from later COVID 19 funding.  Agencies need funding now to expand capacity and deliver services to consumers in need. The working group recognized that smaller agencies would receive lower funding allocations even though their capacity building may [...]

HOMEBUYER FAIRS – Reaching Underserved Consumers

In 2017, Deutsche Bank received orders to enter a significant settlement with the Department of Justice for misleading investors in its sale of residential mortgage-backed securities.  Under the consumer relief portion of this settlement, Deutsche Bank was required to sponsor three housing outreach events each year for a three-year term.  National Housing Resource Center (NHRC) saw an opportunity to help housing counseling agencies spread the word on the services they provide and submitted a proposal that Deutsche Bank chose to use for eight outreach events.  These events were scheduled to take place in markets in Chicago, Tampa, Atlanta, Inland Empire (Southern California), Phoenix, St. Louis, Memphis, and Newark. The events targeted Black and Brown homebuyers and homeowners. DESIGN & FLOW The model NHRC developed was designed to have events planned by and for housing counselors.  The goal was to ensure that attendees learned the value of meeting with a HUD-approved housing counselor prior to making any home purchasing decision.  With that in mind, each event followed a basic outline: Attendees first sat down with a housing counselor for a brief discussion, where they received general information about the services they provide. Attendees can work with a counselor after the event for in-depth housing counseling and an action plan to meet their personal housing goals.  At three events, loss mitigation counseling was offered alongside pre-purchase counseling. After meeting with a counselor, attendees could take advantage of workshops about the homebuying process, how to build credit, and local down payment assistance programs available. Next, attendees could get a free credit report with a FICO score from at least one Credit Bureau. Lastly, attendees had the opportunity to visit vendors from banking, real estate, housing development, and social [...]

By |2021-07-07T14:29:50+00:00March 30th, 2021|Categories: Funding, Legislative Update|0 Comments
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