The Obama administration has announced it will hold a conference on housing finance reform in Washington, D.C., on Aug. 17. The event will help provide public input as the administration develops a housing finance reform proposal for delivery to Congress by January 2011, according to a statement from the U.S. Treasury Department and the U.S. Department of Housing and Urban Development (HUD).
The goal of the event is to facilitate an open discussion about housing finance reform, including the perspectives of academic experts, consumer and community organizations, industry groups and other stakeholders, the administration says.
‘Now is the time to build on the foundation we laid with the historic Wall Street Reform legislation President Obama signed last week and aggressively move forward to improve our nation's housing finance system,’ says Treasury Secretary Tim Geithner. ‘The Obama administration is committed to delivering a comprehensive reform proposal that protects taxpayers, institutes tough oversight, restores the long-term health of our housing market, and strengthens our nation's economic recovery.’
In April, the Treasury and HUD issued a set of questions for public comment on the future of the housing finance system, which received more than 300 responses.
SOURCE: [link=http://treasury.gov/press/releases/tg791.htm]U.S. Treasury Department[/link]