NLC Supports Efforts to Strengthen Housing Finance System

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Facing the growing number of home foreclosures across the U.S., NLC has renewed housing finance system reform as a top legislative priority for the 2nd Session of the 110th Congress.

NLC is urging Congress to swiftly approve legislation that would protect homebuyers from predatory lending practices, help struggling homeowners avoid foreclosure and provide cities with the tools and resources necessary to mitigate the economic consequences of the foreclosure crisis.

In addition to the after-effects of foreclosure on families, NLC is educating federal lawmakers about the unexpected consequences the current mortgage crisis is having on local governments. Foreclosed houses, which often sit vacant for long stretches of time, are contributing …