News

House Approves Tax Bill with LIHTC Expansion

By Buzz Roberts, The Buzz

Last night the House passed a bipartisan tax bill that includes the first major expansion of Low Income Housing Tax Credits since 2000, a major NAAHL policy priority. The 359-70 vote was overwhelming, but Senate passage is far from certain.

House Approves Tax Bill with LIHTC Expansion2024-02-01T16:10:55-05:00

Former HUD Advisor Takes the Helm at the National Association of Affordable Housing Lenders

By Candyd Mendoza, Mortgage Professional America

The National Association of Affordable Housing Lenders (NAAHL) has appointed Sarah Brundage (pictured) as its new president and chief executive officer. Effective February 5, Brundage will succeed Benson (Buzz) Roberts, who has led the organization for nine years.

Former HUD Advisor Takes the Helm at the National Association of Affordable Housing Lenders2024-01-29T16:42:08-05:00

People on the Move 1.18.24

By Donna Kimura, Affordable Housing Finance

Brundage to Lead NAAHL Sarah Brundage has been appointed president and CEO of the National Association of Affordable Housing Lenders (NAAHL). She will begin her position on Feb. 5. Brundage will lead the organization's affordable housing and community development policy advocacy following the retirement of Benson "Buzz" Roberts, who led the organization for nine years.

People on the Move 1.18.242024-01-29T16:42:36-05:00

‘A Legacy Second to None:’ Roberts to Retire from NAAHL, Ending Storied Career

By Brad Stanhope, Novogradac

Buzz Roberts showed an early understanding of how community development financing works. "When I was in high school, I was a big New York Rangers [hockey] fan, but I could never get tickets to playoff games because unless you were a season-ticket, you had to camp out for them," said Roberts.

‘A Legacy Second to None:’ Roberts to Retire from NAAHL, Ending Storied Career2024-01-29T16:23:34-05:00

Mixed Reactions to New CRA Requirements

By Sam Manas, Inside Mortgage Finance

Neither consumer nor industry trade groups are fully satisfied with the final rule modernizing Community Reinvestment Act requirements. Lindsey Johnson, president and CEO of the Consumer Bankers Association, said the new framework will make it harder for banks to achieve an outstanding rating and the parameters around facility-based assessment areas could result in banks being unfairly categorized as needing improvement.

Mixed Reactions to New CRA Requirements2023-11-08T16:10:11-05:00

Banking Regulators Release Final Rule on CRA

By Donna Kimura, Affordable Housing Finance

Affordable housing leaders are taking a close look at changes that could significantly reform Community Reinvestment Act (CRA) requirements. Federal banking regulators—the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corp.—released their final rule Oct. 24.

Banking Regulators Release Final Rule on CRA2023-10-30T16:44:49-04:00

Banks Face Shake-Up of Low-Income Lending Rules

By Andrew Ackerman, The Wall Street Journal

Top U.S. banking regulators have been struggling for more than five years to update anti-redlining rules aimed at making banks lend more in lower-income communities. On Tuesday, they plan to complete a revamp of them for the era of online banking.

Banks Face Shake-Up of Low-Income Lending Rules2023-10-24T16:22:27-04:00

Redlining Regulation To Remain Race-Neutral

By Georgia Kromrei, Law360

Banking regulators Tuesday approved a long-awaited regulatory overhaul of the Community Reinvestment Act, and although the federal anti-redlining statute was intended to correct past racist housing policies, the rule will not explicitly consider race in its assessment of bank lending practices.

Redlining Regulation To Remain Race-Neutral2023-10-25T14:14:30-04:00

Housing Association Chief Retires

By Kate Berry, American Banker

Benson F. "Buzz" Roberts (pictured), president and CEO of the National Association of Affordable Housing Lenders, will retire at the end of the year after a 45-year career in affordable housing and community development.

Housing Association Chief Retires2023-10-23T14:22:28-04:00
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