Housing – House Committee to Mark Up Bill to Suspend Payments to National Housing Trust Fund

On Tuesday, the House Committee on Financial Services will mark up the GSE Jumpstart Reauthorization Act of 2017 (H.R. 4560). The bill, introduced by Rep. French Hill (R-AR) would have the impact of suspending funding for the national Housing Trust Fund (HTF). The HTF provides states with dedicated funding for affordable housing, primarily for people with extremely low incomes, a group that includes many people with disabilities. As described in a statement by the National Low Income Housing Coalition, “The Housing Trust Fund is funded through a slight fee (0.42%) on Fannie Mae and Freddie Mac activity. If enacted, the bill would stop funding for the Housing Trust Fund until Wall Street investors in Fannie Mae and Freddie Mac receive dividend payments. This can only occur when Congress enacts legislation to reform Fannie Mae and Freddie Mac, which have been in government conservatorship for nearly a decade.” The Arc strongly opposes H.R. 4560. Visit the Committee web site to learn more and for live video the day of the markup.

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