Industry News

Realtors push affordable housing agenda

Groups call on Congress to lower rent, home costs

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The National Association of Realtors has joined a coalition of heavyweights, including the National Association of Home Builders and the American Association of Retired Persons, in urging Congress and the president to provide more affordable housing opportunities. Other signatories include Fannie Mae, Freddie Mac, the Council for Affordable and Rural Housing, Financial Services Forum, Habitat for Humanity International, National Association of Housing and Redevelopment Officials, National Housing Conference, Neighborhood Reinvestment Corp., Nueva Esperanza and the PMI Group. The letter, delivered Tuesday, states, "Despite the tremendous strides we have made in housing and home ownership, there remain challenges. The gap in home ownership for minorities is still too high. For too many Americans, incomes have failed to keep pace with housing costs. And regulatory barriers often serve to discourage innovation and investment. The letter also calls for "a national housing agenda" to ov...