With that concern in mind, Woodstock Institute convened a panel of five of the nation’s top housing finance thinkers from the U.S. Department of the Treasury, National Community Reinvestment Coalition, CitiMortgage, Community Investment Corporation, and Oak Park Regional Housing Center to discuss proposals with a group of more than one hundred housing stakeholders on May 12, 2011 at the Federal Reserve Bank of Chicago (see photos). The result was a lively and thought-provoking discussion of current proposals, policy critiques, and new ideas.
Woodstock Institute compiled a white paper summarizing key ideas and proposals that arose from the event. As you continue to think about this pressing issue, we hope that you find this to be a useful reference.
Some of the panelists’ proposals include:
• Create a Public Mortgage Corporation to purchase mortgages and issue securities.
• Expand the Community Reinvestment Act to the secondary market and require CRA to consider whether people of color are adequately served by financial institutions.
• Create incentives and requirements to get lenders to be active in the small multifamily market.
What do you think about the panelists’ proposals? Do you have ideas of your own?
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