Washington, DC (PRWEB) September 15, 2012
On September 13, dozens of members of the National Neighborhood Reinvestment Coalition (NCRC) came to Washington, DC for the White Residence American Economic Competitiveness Forum on Housing. At this forum, over a hundred community advocates came collectively with administration officials at the White House to go over options to Americas housing crisis.

This was an encouraging discussion on the essential actions to address Americas continuing housing crisis. Until we fix the broken housing industry, we will not be in a position to repair our economy, stated NCRC President and CEO John Taylor. We commend the White House for convening this substantive dialogue with on-the-ground neighborhood community leaders on the options it will take to bring our communities, the housing marketplace the economy back to complete strength.

Important to instant progress is the function of the Federal Housing Finance Agency (FHFA) and Fannie Mae and Freddie Mac, said Taylor. Due to the fact FHFA Acting Director Ed DeMarco has not shown a willingness to work constructively with the administration on principal reductions, it is imperative to do a recess appointment to fill the FHFA Director position.

We were pleased to have this opportunity to come to the White Residence and share our priorities and concepts for solutions to the difficulties our communities are facing, mentioned Neighborhood Housing Solutions of South Florida President and CEO Arden Shank. The White Home heard firsthand about the need for continued commitment to neighborhood stabilization in South Florida and nationwide. Neighborhood stabilization efforts will need to have further support through another round of the Neighborhood Stabilization Program.

The forum was a constructive conversation with the White Home and administration officials, which we had been pleased to be a portion of, mentioned Chicanos Por La Causa President and CEO Edmundo Hidalgo. We emphasized the crucial significance of stabilizing and rebuilding the neighborhoods that have been hit tough by the foreclosure crisis. We require to focus on location-based solutions, recognizing that every single neighborhood is diverse.

It is constructive that the White House is engaging regional community advocates on the concern of the housing crisis, stated Nevada Fair Housing Center President and CEO Gail Burks. To repair this crisis, it is crucial to get homeowners into sustainable loans by way of mortgage modifications and refinances. As lengthy as the significant adverse equity dilemma continues, our economy wont recover, and homeowners will struggle. If the administration would use the tools that they have available in the tool chest nowadays, that would go a extended way.

This was an critical platform for neighborhood community advocates and service providers to voice their priorities to the Administration, mentioned Empowering and Strengthening Ohios Individuals (ESOP) Executive Director Mark Seifert. We created clear the importance of prioritizing housing counseling and foreclosure prevention in our communities in Ohio and elsewhere.

This meeting was a beneficial likelihood to speak straight with the White Residence about critical housing issues facing communities, especially neighborhoods of colour, stated Sarah Ludwig, Co-Director of the Neighborhood Economic Development Advocacy Project (NEDAP). Our communities and neighborhoods stay in severe distress simply because of the housing crisis, and we need the administration to commit to tackling these problems comprehensively.

About the National Community Reinvestment Coalition (NCRC):

The National Community Reinvestment Coalition is an association of much more than 600 community-primarily based organizations that promote access to basic banking solutions, like credit and savings, to produce and sustain reasonably priced housing, job development, and vibrant communities for America’s functioning families.