Jim Gray's Page

The Federal Housing Finance Agency has proposed guidance that would preclude, Fannie, Freddie and the Federal Home Loan Banks from purchasing or investing in any mortgages with private transfer fee covenants.  Bad idea! While we at NCB Capital Impact support regulation of private transfer fee covenants, to preclude them alltogether would be a significant blow to efforts to encourage long-term affordable homeownership.  Properly disclosed fees are an important source of income to pay for the…See More

We're aware of a number of communities that are considering using their NSP2 dollars to create long-term affordability. A few examples include, the cities of Oakland, Vallejo, and Tuscon, Broward County FL and Delaware. We're very interested in finding out about other communities that are considering using NSP2 for long-term affordability. Do you know of any other communities considering this approach?

Many of you may know about and even be attending the Center for Housing Policy/National Housing Conference Solutions for Working Families learning conference taking place in Chicago from June 27-30. Rick Jacobus and I will be leading two events focusing on shared equity homeownership – an interactive conference session and a more open-format facilitated discussion. We have provided descriptions for both of these sessions below. In case you haven't looked at it lately, I attach a document…See More