Arnie Levine Broker County Properties Speaker
2024 Duty to Serve Public Listening Sessions
Arnie Levine Broker CountyProperties.us
Addressing Housing Shortages: Solutions for a Pressing Issue
The Current Crisis
The housing market is facing an unprecedented crisis. “Low inventory” has become a significant barrier to homeownership, leading to rising prices and increased competition among buyers. In 2022 alone, California saw 351 homeless deaths, underscoring the urgent need for action.
Key Solutions
1. **Low-Income Housing**: Addressing the housing shortage begins with increasing the availability of low-income housing. This approach ensures that vulnerable populations have access to safe and affordable homes.
2. **Wrap-Around Services**: Integrating wrap-around services with housing developments provides residents with the necessary support to maintain stable housing. These services include healthcare, job training, and social services, contributing to overall community well-being.
3. **Green Technology and Processes**: Embracing green technology in construction and housing management can lead to sustainable communities. This not only addresses environmental concerns but also reduces long-term costs for residents and developers.
4. **New Housing Developments and Community Building**: Investing in new housing developments is crucial. Building new communities with adequate infrastructure and amenities can alleviate pressure on existing housing stock and create vibrant, sustainable neighborhoods.
5. **FHFA Conservatorships and GSEs**: The Federal Housing Finance Agency (FHFA) has been managing Fannie Mae and Freddie Mac under conservatorship. These Government-Sponsored Enterprises (GSEs) have been private since 1938 but are now transitioning back to private control under FHFA coordination. This transition aims to stabilize the housing finance system and ensure its long-term viability.
6. **Rapid City and Federal Planning**: Effective planning at both the city and federal levels is essential. As the adage goes, “The best time to plant a shade tree was 20 years ago; the second-best time is now.” Proactive planning can mitigate future crises and promote sustained growth in housing availability.
Conclusion
Addressing housing shortages requires a multi-faceted approach, combining increased low-income housing, supportive services, sustainable building practices, and strategic planning. By focusing on these key areas, we can create a more stable and equitable housing market for all.
Arnold Levine
Broker CountyProperties.us
2:51 – 2:57 p.m.
Arnold Levine
County Properties
Duty to Serve Public Listening Sessions (Day 3)
Proposed 2025-2027 Duty to Serve Underserved Market Plans – Affordable Housing Preservation
Wednesday, July 17, 2024
1:00 – 1:05 p.m. EDT
Welcome & Introductions
Toi Roberts and Marcea Barringer, Office of Housing and Community Investment, Federal Housing Finance Agency (FHFA)
1:06 – 1:10 p.m. EDT
Opening Remarks
Ted Wartell, Associate Director, Office of Housing and Community Investment, FHFA
1:11 – 1:15 p.m. EDT
Listening Session Guidelines
Toi Roberts, FHFA
1:16 – 1:20 p.m. EDT
Fannie Mae Opening Remarks
Kristin Axtell, Fannie Mae
1:21 – 1:25 p.m. EDT
Freddie Mac Opening Remarks
Michael Morosi-Brown, Freddie Mac
1:30 – 3:00 p.m. EDT
Participants’ Feedback on the Affordable Housing Preservation Market
Name
Organization
1:30 – 1:36 p.m.
Robert Rozen
Rozen & Associates
1:37 – 1:43 p.m.
Ayrianne Parks
Enterprise Community Partners
1:44 – 1:50 p.m.
Mark Kresowik
American Council for an Energy-Efficient Economy
1:51 – 1:57 p.m.
Erin Burns-Maine
The Community Preservation Corporation
1:58 – 2:04 p.m.
Dan Emmanuel
National Low Income Housing Coalition
2:05 – 2:11 p.m.
Sharon Cornelissen
Consumer Federation of America
2:12 – 2:22 p.m. EDT
Break
2:23 – 2:29 p.m.
Greg Zagorski
National Council of State Housing Agencies
2:30 – 2:36 p.m.
Althea Arnold
Stewards of Affordable Housing for the Future
2:37 – 2:43 p.m.
Mark Kudlowitz
Local Initiatives Support Corporation
2:44 – 2:50 p.m.
Brian Stromberg
Grounded Solutions Network
2:51 – 2:57 p.m.
Arnold Levine
County Properties
11:51–11:57AM PST
Josh Silver
National Community Reinvestment Coalition
AGENDA
2024 Duty to Serve Public Listening Sessions
FHFA invites you to register for the 2024 Duty to Serve Public Listening Sessions
. The listening sessions will be an opportunity to hear from stakeholders sharing their views and recommendations on the Enterprises’ proposed 2025-2027 Duty to Serve Underserved Markets Plans.
See the Enterprises’ proposed 2025-2027 Duty to Serve Underserved Markets Plans here below:
- Fannie Mae Proposed 2025-2027 Underserved Markets Plan
- Freddie Mac Proposed 2025-2027 Underserved Markets Plan
The Duty to Serve Listening Sessions will be held on:
- Monday, July 15th – Rural Housing Market
- Tuesday, July 16th – Manufactured Housing Market
- Wednesday, July 17th – Affordable Housing Preservation Market
Stakeholders are being asked to provide feedback on the following questions:
- Do the proposed 2025-2027 activities and objectives address the most relevant obstacles to liquidity in the applicable underserved market?
- Are the proposed objectives likely to increase liquidity in the applicable underserved market segment?
- Is there other information that the Enterprises should supply in their expanded Strategic Priorities Statements for the rural housing market to provide an adequate basis for their strategies to address access to liquidity and needs in all rural areas?
- Are there other activities and objectives that the Enterprises should consider adding to their Plans for the rural housing market to address access to liquidity and needs in all rural areas?
- Are there other additional activities and objectives the Enterprises should consider adding to their Plans?
- Should the Enterprises adjust the methodology used to set loan purchase baselines for 2025-2027 given market conditions including a high-interest rate environment?
- What other market conditions should FHFA consider when assessing the proposed activities and objectives?
- Should the Enterprises include additional explanation of how FHFA rules and directives impact their proposed Plans?
- Are there any safety and soundness concerns related to the proposed activities and objectives?
- What additional information might be helpful in evaluating the proposed activities and objectives?
The listening sessions will be held virtually with each session beginning at 1:00 PM EDT and concluding by 4:00 PM EDT. Participants are welcome to attend multiple sessions.
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