NAR Presents Key Recommendations to Modernize Federal Housing Programs

NAR sent a letter to the leadership of the House Financial Services Subcommittee on Housing and Insurance in response to a bipartisan call for ideas from representatives Mike Flood and Emanuel Cleaver, providing recommendations for modernizing the HOME Investment Partnerships Program and Community Development Block Grant (CDBG) Program.

The letter outlines specific reforms that would streamline program administration and enhance the ability of these critical HUD programs to address the nationwide housing shortage of 4.7 million homes. Key recommendations include allowing CDBG funds to be used for new housing construction, creating incentives for the adoption of local pro-housing policies, and updating HOME Program requirements to better serve homebuyers across all markets.

This advocacy supports NAR's ongoing work to increase housing supply, expand homeownership opportunities, and empower local governments with greater flexibility to address their communities' unique housing challenges.