The Ministry of Housing and Urban Development is planning to update the law “certifying the expansion of suitable housing”, complying with the previous law. promise it adds a broad but effective framework to promote progress toward its goal.
The new proposal aims to make it easier “for local communities to recognize inequality and make strong commitments to address it,” said Demetria McCain, deputy assistant secretary for fair housing and equal opportunity, in a press release. .
It would require the submission of “equivalent plans” that were designed to standardize the “eligible housing search” process under the 2015 version of the rule, and All will be available for review and submitted to HUD on a regular basis.
“For decades, federal policies have enforced racial segregation and encouraged social discrimination in the marketplace against people of color. Those actions were intentional and their consequences are still being felt today, “said Mitria Spotser, director of federal policy and vice president at the Center for Responsible Lending. , in an email statement. “By issuing this proposal, HUD is one step closer to fulfilling the promise made by the 1968 Fair Housing Act.
While the law is generally less mortgage-specific and more distant from the perspective of housing than other systems that are more focused on “reasonable credit” practices, it often enforces regulations based on the ensuring the credit system. The scope of a similar plan will include the analysis of access to “reputable mortgage services,” in addition to “reasonable and affordable loans” and similar assessment procedures.