We wanted to pass along some information about the National Housing Trust Fund legislation that's currently working it's way through Congress. From CEDAM's e-News update:

Tuesday, July 31, was a momentous day for the National Housing Trust Fund Campaign. For the first time since the campaign began in 2001, legislation (HR 2895) to establish a National Housing Trust Fund was successfully moved out of committee. Full House consideration of the bill is expected in September. To-date, only ONE Michigan legislator (Congressman Kildee) has signed on as a co-sponsor. Please contact your US Representative and urge them to co-sponsor this bill (supporting materials are available).

The bill passed the House Committee on Financial Services by a vote of 45-23, with eight Republicans voting in support of the legislation: Representatives Mike Castle (DE), Peter King (NY), Walter Jones, (NC) Chris Shays (CT), Gary Miller (CA), Jim Gerlach (PA), Steve LaTourette (OH) and Shelley Moore Capito (WV).

As we've said numerous times, affordable housing is not a partisan issue. That's why it's encouraging to see support for the National Housing Trust Fund from both sides of the aisle.

For any policy wonks out there, you can head over to the National Housing Trust Fund Campaign website (FYI: this is the national equivalent of the Living in Michigan campaign) for a more complete update on the committee's action, including amendments to the bill.

We'll be keeping tabs on this legislation, and will try to keep you informed with any important updates.

To receive news and other useful information about what's going on in our industry, be sure to sign up for CEDAM's email list. Just head over to their main page and enter your address to join.