Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., today issued the following statement following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho): “NAHB commends the Senate Banking Committee for passing bipartisan legislation that would bring certainty and stability to the housing finance market and provide much-needed credit for qualified single-family and multifamily borrowers.”

“By defining the federal government’s role in housing finance and including private sector investors, this bill would increase private capital in the marketplace, ensure that 30-year mortgages remain readily accessible and available, and protect American taxpayers. NAHB urges the full Senate to consider this legislation as soon as possible.”As MHProNews noted in a post May 13, 2014, the measure is not expected to reach the Senate floor this session.

(Image credit: National Association of Home Builders)