NACEDA - Policy Archives

NACEDA 2007 Policy Archives

Here we have policy papers, policy updates and important policy statements for 2007. To see present policy materials see our Policy Page.

NACEDA Policy Agenda Summary March 2007:
Community Development Block Grant (CDBG)

Restore and increase funding beyond previously appropriated levels to $4.1 billion
In any reformulation of the program no area of the country experiences drastic reductions
Restore CDBG TA funds

Restore funding levels to FY2004 with adjustment for inflation appropriated at $2.1 billion
Increase the percentage of funds allocated to CHDOs from 15% to 20% of the total HOME allocation
Restore funding for technical assistance in the CHDO TA and HOME TA programs.

Restore funding for Section 515 Rental Direct Housing, Section 502 Single Family Direct Loan Programs, Section 523 Self-Help TA Program, and Section 504 Very Low Income Repair Program to FY2007 levels with adjustment for inflation
Support the authorization of HUD's Rural Housing and Economic Development program
Support the reauthorization and expansion of the New Markets Tax Credit program
Restore Rural Preservation with The Saving America's Rural Housing Act when it is reintroduced in the 110th Congress.

Support the authorization for the establishment of the National Housing Trust Fund when it is introduced in the 110th Congress.
Support H.R. 1427, the Federal Housing Finance Reform Act of 2007 introduced by Chairman Frank, which would create an affordable housing fund from a percentage of funds from the GSE

Expand CRA coverage to include credit unions and non-depository financial institutions.
Support H.R. 1289, the Community Reinvestment Act (CRA) Modernization Act of 2007, introduced by Representative Eddie Bernice Johnson and Representative Luis Gutierrez. NACEDA opposes the preemption of stronger state anti-predatory lending laws.
Support requirements on small business lending that are similar to those covered by HMDA.