Congressional testimony of Benson F. Roberts on Community Development Finance System
Date Published: 07/19/2006
Author: Benson F. Roberts
Testimony of Benson F. Roberts before the Subcommittee on Federalism and the Census House Committee on Government Reform
The Community Development Finance System and Federal Policies
Federal policies contribute in important ways to virtually all affordable housing and community development projects. Over the past 20 years, a cluster of federal policies has supported a flexible, decentralized, and well integrated production system. This system is distinctively market-driven, locally controlled, and performance-based. It builds sustainable partnerships among nonprofit and for-profit developers, private lenders and investors, and government at all levels. These institutional partnerships, locally and nationally, may be the most important legacy of these federal policies.
Topics: --Community Development, --Affordable Housing Finance & Development, --Community Development, --Housing, --Economic Development
Type: Speech