News Column

Statement from NAHB Chairman Kevin Kelly on Senate Panel’s Passage of the Johnson-Crapo Housing Finance Reform Bill

May 15, 2014

WASHINGTON--(BUSINESS WIRE)-- Kevin Kelly, chairman of the National Association of Home Builders and a home builder and developer from Wilmington, Del., today issued the following statement following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho):

“NAHB commends the Senate Banking Committee for passing bipartisan legislation that would bring certainty and stability to the housing finance market and provide much-needed credit for qualified single-family and multifamily borrowers.

“By defining the federal government’s role in housing finance and including private sector investors, this bill would increase private capital in the marketplace, ensure that 30-year mortgages remain readily accessible and available, and protect American taxpayers.

“NAHB urges the full Senate to consider this legislation as soon as possible.”

ABOUT NAHB: The National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 800 state and local home builders associations around the country. NAHB's builder members will construct about 80 percent of the new housing units projected for this year.

Follow us on Twitter: @NAHBMedia.

National Association of Home Builders

Paul Lopez, 202-266-8409

Source: National Association of Home Builders

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Source: Business Wire

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