Banks, community development financial institutions, and other private capital providers unite to provide insights on investing in low-income communities and affordable housing.
Washington, DC – (June 14, 2018) Today, the National Association of Affordable Housing Lenders (NAAHL) will host their Annual Policy & Practice Conference titled, “Scaling Innovative Strategies for Affordable Housing” at the National Press Club in Washington, DC. This year’s conference will feature a discussion with Comptroller of the Currency Joseph Otting about his plans to update rules implementing the Community Reinvestment Act (CRA), a law that requires banks to help meet community credit needs, including those of low- and moderate-income neighborhoods.
“We are excited to hear from Comptroller Otting and our other speakers on how to overcome the housing and lending challenges in low-income areas,” said NAAHL President and CEO, Buzz Roberts. “Community reinvestment is something that our member financial institutions are passionate about, and we will continue to develop policies and practices that will help to expand economic opportunity.”
Conference speakers and panelists include housing industry experts and policy makers from banks, community development financial institutions, and other capital providers, who will share information on best practices and new innovations for lending to underserved homebuyers, investing in naturally occurring affordable housing, financing home rehabs in distressed neighborhoods, and the future of CRA.
The conference will open with keynote speaker Lisa Rice, President of the National Fair Housing Alliance, followed by a panel of speakers from the Terner Center for Housing Innovation at UC Berkeley to discuss their research on mortgage access and housing production across markets, and a Town Hall discussion on modernizing the CRA led by Buzz Roberts.
About National Association of Affordable Housing Lenders
NAAHL is the only national alliance of banks, CDFIs, and other capital providers dedicated to expanding economic opportunity by financing affordable housing and neighborhood revitalization. NAAHL has worked to advance responsible community reinvestment, fight predatory lending, and strengthen public-private partnerships.
For more information, visit www.naahl.org.