Following the November 2009 Rethinking Housing Finance Forum, a work group has now proposed action steps for housing agencies and organizations to take with the goal of reforming housing finance systems in the face of new market realities. These actions present possibilities of spurring the market to purchase, renovate and build a full range of housing choices in a new economy. Actions are organized around the following themes:
- Supporting a stronger commitment to public financing of affordable housing and improving understanding of the value of a full range of housing choices as important to economic prosperity.
- Improving efficiency in the delivery and commitment of financial resources for housing preservation and development.
- Developing a strategy to prioritize limited public funds and balance the support of housing preservation and new development.
- Modifying and providing flexibility of existing resources by using effective models and infrastructure to meet changing demographics and market demand.
- Responding to the credit crunch and market difficulties by creating new innovative public finance resources that spurs additional private investment in housing preservation and new development.
To see the full Rethinking Housing Finance Work Group Proposed Actions report, please click on the link.