Rep. Gary Miller, Vice-Chair of the Housing Subcommittee of the House Financial Services Committee, to Address Affordable Housing Legislation at NAAHL Conference.WASHINGTON -- Members of Congress and key committee staff will meet with community investment leaders from around the country to discuss the agenda for affordable housing legislation, threats to existing housing programs contained in the Administration's proposed FY06 budget, and new tools for affordable housing, as well as the impact of proposed Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. (CRA See Community Reinvestment Act. ) rule changes on affordable housing, at the annual Washington legislative conference of the National Association of Affordable Housing Lenders (NAAHL NAAHL National Association of Affordable Housing Lenders ). The NAAHL conference will be held on February 10-11, 2005, at the Sofitel Lafayette Square Hotel, 806 15th Street, NW, in the Paris Ballroom, (from 9 a.m. to 4 p.m. on February 10, and from 9 a.m. to 11:30 a.m. on February 11). The meeting is not open to the public, but members of the media are invited to attend. Please call Ross Kleinman at 202-293-9856 to RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. . Among the participants: --Rep. Gary Miller (R-CA), Vice-Chairman, Housing and Community Opportunity Subcommittee, House Financial Services Committee --John Buckley, House Ways and Means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means. Committee --Cindy Chetti, House Financial Services Committee --Jonathan Miller, Senate Banking Committee The National Association of Affordable Housing Lenders (NAAHL) represents America's leaders in moving private capital to those in need. NAAHL encompasses 200 organizations committed to increasing private lending and investing in low- and moderate-income communities. Members are the "who's who" of private sector lenders and investors in affordable housing and community economic development: banks, thrifts, insurance companies, community development corporations, mortgage companies, loan consortia, financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. , pension funds, foundations, local and national nonprofits, and public agencies. |
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