As part of its new affordable housing initiative, the Mortgage Bankers Association (MBA) has established two advisory councils which will be tasked with developing stronger and more effective affordable housing partnerships in both the policy and business arenas.
The objective of these partnerships will be to promote more sustainable, affordable homes for purchase and rental for underserved people and communities, especially minorities and low-to-moderate-income Americans, the MBA says in a release.
The Affordable Rental Housing Advisory Council and the Affordable Homeownership Advisory Council will offer advice, feedback and ideas related to where MBA should focus its resources to be most impactful, including new business approaches, data and research, public policy and strategic partnerships.
The MBA and the councils will seek and welcome ideas and input from stakeholders interested in offering solutions to the nation’s affordable housing crisis.