Brief Making Sure that the Senate’s Access and Affordability Proposal Works
Jim Parrott, Laurie Goodman
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A draft bill to overhaul the housing finance system that is being considered in the Senate Banking Committee could provide a meaningful improvement of the way in which we support affordable homeownership. But it needs to overcome several critical design challenges that could undermine its effectiveness if mishandled. The authors of this note discuss these challenges and the most promising ways to address them.
Research Areas Wealth and financial well-being Families Housing finance Housing
Tags Federal housing programs and policies Asset and debts Economic well-being Housing and the economy Single-family finance Agency securitization Credit availability Housing finance reform Homeownership Financial products and services Families with low incomes Inequality and mobility Opportunity and ownership Finance
Policy Centers Housing Finance Policy Center