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More Builders Needed to Serve on Housing Finance Agency Boards

While some states have laws requiring builder representation on these boards, others do not. Created in 2002 to correct this oversight, NAHB’s State Housing Finance Agency Directors Working Group has developed model legislation requiring the governor to appoint at least one builder to the HFA board from a list submitted by the state's home builders association. (Further information in the links above is available to NAHB members only who have logged onto the NAHB Web site.)

In addition to increasing the number of NAHB members on HFA boards, the working group:

• Facilitates communication and coordination between NAHB members who currently serve on HFA boards
• Develops and maintains resources to support members’ participation on HFA boards
• Develops policy on HFA-related issues

The NAHB State Housing Finance Agency Directors Working Group will meet during the Fall Board of Directors Meeting on Sept. 30 from 4:00-5:30 p.m. in the Franklin A room, which is located on the second floor of the Hyatt in Columbus, OH.  All members and HBA staff are welcome to attend this meeting.

For more information on NAHB's efforts in this area, association members can go to www.nahb.org and type “housing finance agency” in the search field. Or e-mail Bill Renner, or call him at 800-368-5242 x8597.

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