Via NLIHC, the National Affordable Housing Trust Fund Campaign reports the following:
Members of the U.S. House of Representatives have reached a compromise that will bring the Government Sponsored Enterprises (GSE) regulatory reform legislation (H.R. 1461), including the Affordable Housing Fund, to the floor of the House of Representatives for a vote the week of October 24.
The National Housing Trust Fund Campaign has learned that in order to reach this compromise, lead sponsors of the bill have agreed to demands made by the Republican Study Committee, the caucus of conservative Republicans, that will prohibit non-profit and public organizations that do voter registration, with their own funds, from applying for and receiving grants from the Affordable Housing Fund to build or preserve affordable housing.
HR 1461 would create a new central regulator for government-sponsored enterprises such as Fannie Mae and Freddie Mac. It has been a disputed question whether the new regulatory bill should require these two entities to feed a percentage of their profits into a large national "Affordable Housing Fund."
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