Menendez Urges Watt to End Suspension of NHTF Funding

Senator Comments at Senate
Banking Committee Hearing

Senator Robert MenendezAt the November 19, 2014 Senate Banking Committee hearing, Senator Robert Menendez discussed the National Housing Trust Fund (NHTF) with Federal Housing Finance Agency Director Mel Watt. When Watt testified, Senator Menendez raised the importance of ending the current suspension of funding the NHTF.

Funding the National Housing Trust Fund Trust Fund (NHTF) with revenue raised from modifications to the mortgage interest deduction (MID) is one of Monarch Housing Associates key federal housing priorities.

“The reality is that while we now see GSEs (Government Sponsored Enterprises) generating profits … we don’t see the allocation going back.” And on potential GSE reform, the “Trust Fund is a very important part of that.”

Said Menendez.

Click Here for More Information about the NHTF

Click Here for More Information about United for Homes

Attention: please select an email list or enter a custom form code to show an email form here!