NAR Support Letter to House Financial Services Regarding H.R. 68, Housing Fairness Act and H.R. 4495, Downpayment Toward Equity Act

On June 21 NAR senat a letter to Chairwoman Waters, Ranking Member McHenry, and members on the House Committee on Financial Services. The letter expresses NAR’s support for two important pieces of legislation the committee is considering in its June 14, 2022 markup: H.R. 68, the Housing Fairness Act of 2022, and H.R. 4495, the Downpayment Toward Equity Act of 2022.

 

As stewards of the right to own, use, and transfer private property, our livelihoods and businesses as REALTORS^® depend upon an open housing market free from discrimination. Our economy, communities, and the American people suffer when discrimination and segregation artificially constrain homeownership and limit the intergenerational wealth it builds. Yet, more than fifty years after passage of the Fair Housing Act, the homeownership rates for Black Americans, Hispanics, and Asian Americans continue to lag behind that of White Americans. NAR is firmly committed to the enforcement of fair housing laws and to policies that address historic and systemic barriers to homeownership.