GOP Surprise? Chairman Bacchus Hints at Support for Affordable Housing
By Caitlin Jones
1 min read
Tax Credit Advisor, April 2011: The new, Republican chairman of the House Financial Services Committee, which writes banking and housing legislation, suggested that affordable housing should be supported under any ultimate housing finance reform law in comments at a March 1 hearing.
Chairman Spencer Bacchus (R-Ala.), who assumed his new post in January, has generally been silent to date on the issue of affordable housing. But he hinted at his views in comments at the hearing by his committee, during which U.S. Treasury Secretary Timothy Geithner testified on the Administration’s recently released plan and options for housing finance reform.
