July 2, 2018

Community Developments: Federal Court Temporarily Halts the Termination of FEMA’s Transitional Shelter Assistance Program

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Community Developments

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Upcoming Webinar

  • On Thursday, July 12, Enterprise Community Partners will host a webinar on “Creative Placemaking: More than Murals” to discuss lessons learned from delivering the Enterprise Climate and Cultural Resilience grant program over the past year. This webinar will feature Nella Young, senior program director at Enterprise, and Meghan Venable-Thomas, cultural resilience fellow at Enterprise, and will be moderated by Mia Scharphie, founder of Creative Agency. Register here for the webinar.
     
  • As part of Enterprise’s 9th annual Affordable Housing Design Leadership Institute (AHDLI), on Tuesday, July 17, a keynote presentation on “Putting Design to Work” will discuss how design can and should help achieve equity and promote social, health and economic outcomes. This presentation, which will be held at 6 p.m. at the Seattle Art Museum, will feature Steven Lewis, urban design director for the city of Detroit's central region. Earlier this year AHDLI won the American Institute of Architects’ Collaborative Achievement Award, which recognizes the excellence that results when architects work with those from outside the profession to improve the spaces where people live and work. Register here for the event.

In Case You Missed It

  • In a blog post, Enterprise’s Vice President for Policy Development, Andrew Jakabovics, looks at the Administration’s recent proposal to make major changes to the nation’s housing finance system under the umbrella of reform. Jakabovics explains that the proposal, which was nestled within the Administration’s sweeping proposal to reorganize the Federal Government, calls for ending the conservatorship (and charters) of Fannie Mae and Freddie Mac (collectively, the Government Sponsored Enterprises or GSEs), creating a paid-for guarantee of catastrophic risk on mortgage-backed securities, and establishing other fully private guarantors. Using previous Enterprise policy recommendations for housing finance reform as a guide, Jakabovics evaluates the new proposal pointing out that it is largely in line with the mainstream, bipartisan consensus that there is an appropriate role for a paid-for government backstop that would limit investor losses on mortgage-backed securities without guaranteeing the entities issuing them. However, the proposal is entirely silent on the future of rental housing finance and the GSEs’ multifamily business lines, and makes a critical mistake in assuming that affordable housing objectives and traditional underwriting are mutually exclusive and therefore would shift primary responsibility for serving low- and moderate-income borrowers to HUD and FHA. Enterprise will continue to remain engaged on this critical issue and work towards a future system that is structured to protect taxpayers while broadly serving the needs of homeowners and renters. Learn more about the proposal in Enterprise’s blog post
     

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