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Publication Date

March 2011

Author(s)

Janneke Ratcliffe

Policymakers have the opportunity to build a system that rebalances housing choices and works better for more households and more communities than the system that has been in place for the last 70 years.

This testimony was delivered by Janneke Ratcliffe to the Senate Committee on Banking, Housing and Urban Affairs Hearing in March 2011.

From the 1930s to the 2000s, the United States enjoyed a vibrant, stable housing market that evolved to provide mortgage money at all times, in all parts of the country, for sustainable homeownership and rental housing. The system was not perfect but it contains valuable lessons for us as we look to rebuild.

By applying those lessons to meet the goals outlined in this testimony, policymakers have the opportunity to build a system that rebalances housing choices and works better for more households and more communities than the system that has been in place for the last 70 years.

 


Topics(s): Affordable Homeownership, Housing Policy, Mortgage Finance, Testimony