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If you're like me, you may be growing a little weary of the horse-trading and infighting happening in Washington, D.C. right now. But while many are focused on changes to parental leave, Medicare or climate provisions, I'm keeping an eye on the important housing provisions that have — so far — made it into the bill.
One housing item that is pretty much a done deal is a down payment assistance program — but it will be a $10 billion program to give first-time, first-generation homebuyers up to $25,000 toward a down payment, rather than the $100 billion program that was also floated.
As for tackling the huge gap in housing supply versus demand for housing, the Neighborhood Homes Investment Act, which would create a federal tax credit to rehab and build homes in underserved communities, may have been resurrected. NHIA is now in the bill, sources tell me — although as recently as Halloween, its proponents were urging Congress to bring it back.
Separate to all that, in the coming weeks I'll be reporting on how far companies will go to recruit top LO talent. Please reach out to gkromrei@housingwire.com to share your experience, anonymously of course.
Georgia Kromrei
Senior Mortgage Reporter, HousingWire
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