Housing Affairs Letter

Washington Watch

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Senate Preps Housing Finance Reform

Congress must reform the nation’s housing finance system to reduce the systemic “too big to fail” risk posed by the duopoly of Fannie Mae and Freddie Mac. That is the central premise in a blueprint crafted by Senate Banking Chairman Mike Crapo (R-ID).

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Lengthy Shutdown Fallout Expected

All of HUD’s employees and the Agriculture Department’s housing arm employees are back on the job after a 35-day lockout for lack of congressional spending authorization. But the comeback likely will take weeks.

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Shutdown Housing Anxiety Edges Up

With the operational shutdown at HUD and other federal agencies now pushing a month’s duration with no end in sight, families that depend on government subsidies for their shelter are increasingly worried they will lose their homes.

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Push To Link Healthcare With Housing

Housing and healthcare advocates begin a concerted effort to link healthcare with housing as a strategy to provide universal healthcare to low-income tenants of public and assisted housing.

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Flood Insurance Back On Track

A major breech in the country’s skeleton home sales program has been averted after several Federal Emergency Management Agency employees were ordered back to work to write flood insurance policies.

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Trump Names Calabria To Head FHFA

Congressional Democrats are scrambling to develop a strategy to block any actions they consider rash from Mark Calabria, the Trump administration’s nominee to replace Mel Watt as director of the Federal Housing Finance Agency.

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Waters Push For Flood Control Resolve

Unless lawmakers decide to tackle at least a short-term solution to the fate of the National Flood Insurance Program, it will expire at the end of the latest government funding stopgap law Dec. 21.

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Legislative Flurry For Lame Duck

With only a matter of days left in the current session of Congress, lawmakers, primarily Democrats, are rushing to the legislative hoppers intent on unveiling their legislative priorities before the end of the year.

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FHFA Troubles Continue To Percolate

Federal Housing Finance Agency Director Mel Watt was scheduled to review his nearly five-year tenure at the agency’s helm before the House Financial Services Committee, but sex harassment accusations against him ended up dominating the hearing.

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Treasury GSE Hold Under Fire

This month marks 10 years since the Treasury Department seized Fannie Mae and Freddie Mac to avert a financial default. The seizure, dubbed a “conservatorship,” was supposed to be temporary to allow the government-sponsored enterprises to pay off investors on their

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