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  • Comment Detail

  • Date: 04/20/18
    First Name: Syed Mohammad
    Last Name: Raza
    Organization: George Mason University
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA83

  • Comment

    Upon reviewing the ‘Affordable Housing Program Amendments’, it has come to my attention that the Federal Housing Finance Agency should have allowed for the public to comment on it’s regulations and amends far before now (2018), as Federal Housing Finance Regulatory Reform Act was established in the year of 2008. However, as it is said, better late than never. The fact that the Federal Housing Finance Agency is allowing the public to comment on the amendments can be nothing more than advantageous to them, as the public’s opinion is vital to the health of the affected communities. In my opinion, the Affordable Housing Program (AHP) was a smart move on the government’s part. It is important that everyone has access to affordable housing, where its applicable. In the amendment itself, it states that the Banks (listed in the Federal Housing Finance Regulatory Reform Act) would be provided additional freedom to pick their own ‘project scoring criteria’, and “clarify the provisions on remediating Affordable Housing Program ‘non-compliance’”. With that being stated, having given the Banks the proper scoring criteria and re-considering their non-compliance could result in either more communities being included in the amendments, or fewer (having some communities being deemed as inapplicable to the program). This would obviously result in more funding being required (which is stated by the amendments) and that could be a potential detriment to the amendments.