Housing America, Part One: Preparing for the 118th United States

US Capitol, Washington D.C.

The next meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives is scheduled to meet in Washington, D.C. from January 3, 2023, to January 3, 2025, during the third and fourth years of the Biden/Harris  presidency.

For over 25 years, NOAAH has worked to create housing opportunities for all. We, like others, believe capital of various forms must be engaged in building an equitable and fair economy. There is a legal obligation for banks and other financial institutions to invest in and lend in low-and moderate-income communities. There is also a moral obligation to address the racial wealth divide and the overall concentration of wealth in society.

“Our nation continues to face ongoing political and social crises including racial injustice, economic insecurity, public health, and climate change. This moment is not the first time we have grappled with these issues, but their confluence during a time of pitched concern over what it means to participate in a just economy has sparked a critical push to invigorate oversight of corporate practices and to direct federal spending where it is most needed”, states the National Community Reinvestment Coalition.

NOAAH is a member of the National Community Reinvestment Coalition, NCRC. NCRC and other NOAAH membership organizations believe the following principles should guide our elected official.

Invest Local: Strengthen credit and capital and development in local communities, including those that have been underserved.
Invest Forward: Ensure advances in technology and industry do not inhibit needed progress in financial stability, housing, and homeownership, and that all communities share the benefits of innovation.
Invest Equitably: Strengthen the nation’s commitment to fair housing and fair lending and an inclusive economy.
Invest in Community: Strengthen investment in the infrastructures of housing, community economic development and small business.

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