ADVISORY/ Senator Paul Sarbanes, Treasury's Sheila Bair, to Discuss Solutions to Predatory Lending at Conference of Affordable Housing and Community Investment Practitioners.News & Assignment Editors ADVISORY...Thursday (Feb. 21-22) WASHINGTON--(BUSINESS WIRE)--Feb. 12, 2002 Other Meeting Highlights to Include White House Staff on Proposed Single Family Tax Credit Program for Affordable Housing, Details of the Impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. Millennial Housing Commission The Millennial Housing Commission was created by Congress in 2000 as part of the FY 2000 Appropriations legislation. The Commission was directed by Congress to conduct a study that examines the importance of housing, particularly affordable housing, to the infrastructure of the United Report Senator Paul Sarbanes Paul Spyros Sarbanes (Greek: Παύλος Σπύρος Σαρμπάνης) (born February 3, 1933), a Democrat, is a former United States Senator who represented the state of Maryland. (D-MD), Chairman of the Senate Banking Committee, who last year held hearings on solutions to predatory predatory pertaining to predator. predatory behavior the hunting of birds, mice and small reptiles by cats and the hunting and herding behavior of dogs, often facilitated in a pack. lending, will discuss legislative solutions to predatory lending at the annual DC Meeting of the National Association of Affordable Housing Lenders (NAAHL NAAHL National Association of Affordable Housing Lenders ), February 21-22, 2002, at the Capital Hilton (South American Room A and B). Also examining solutions to predatory lending will be Sheila Bair, Assistant Secretary, Treasury Department, who is spearheading the development of a set of national "best practices" for subprime mortgage lenders to help prevent predatory lending practices. "Members of NAAHL are committed to developing workable solutions to predatory lending," said Judy Kennedy, NAAHL President. "Our DC Meeting - like last year's meeting -- promises to further the development of solutions to this critical issue." NAAHL and its affiliated Center for Community Lending have published "Juntos Podemos: Together We Can", a summary of findings from the symposium symposium In ancient Greece, an aristocratic banquet at which men met to discuss philosophical and political issues and recite poetry. It began as a warrior feast. Rooms were designed specifically for the proceedings. they sponsored a year ago on solutions to predatory lending. NAAHL represents more than 200 organizations, including more than 70 insured depository institutions Depository institution A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. , who provide private capital to low- and moderate-income communities for affordable housing and community development. Other participants at the February 21-22 conference: -- White House staff on the President's affordable housing initiative, a proposed Single Family Tax Credit -- Treasury and IRS officials on inaugurating the New Markets Tax Credit program implemented this year to stimulate business growth and jobs in low-income areas -- The Co-Chair and Executive Director of the Congressionally-appointed Millennial Housing Commission on their upcoming recommendations to Congress on addressing the nation's affordable housing crisis -- Experts on preserving affordable housing in a perilous environment Members of the media are invited to attend. Please call Ross Kleinman at 202/293-9856 to confirm. |
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