View: Symposium on the affordable housing supply crisis in California
Housing industry leaders met Feb. 5 in Los Angeles to discuss the impact of California’s housing supply on affordable housing.
- The Role of Supply in the Shortage of Affordable Housing
- Ideas for Mitigating Local and State Impediments to Affordable Housing
- Financing & Underwriting Homes and Rental Developments in Underserved Markets
Recordings of the panel discussions can be viewed here.
The event was co-sponsored by the UCLA Ziman Center for Real Estate and featured speakers from academia, the mortgage industry, federal and state housing finance agencies, and other industry stakeholders.
Brian Brooks, Fannie Mae’s Executive Vice President, General Counsel, and Corporate Secretary, says, “Fannie Mae supports the housing market primarily through debt financing. But it is equally important to focus on the issue of supply as one of the barriers to affordable housing. Today’s symposium aired some important new perspectives on this issue.”
Jonathan Lawless, Vice President of Product Development and Affordable Housing at Fannie Mae, talked to the group about ways to expand access to credit that could encourage creation of more affordable housing supply. We need to “get creative and help creditworthy borrowers who are ready to buy but can’t find an affordable home on the existing market,” says Lawless.