America’s Credit Unions Outlines Steps Congress Can Take To Boost CU-Led Housing Solutions
By CU Today Staff —
WASHINGTON--Credit unions can address housing affordability and supply issues, and America’s Credit Unions shared ways Congress can facilitate these efforts in advance of the House Financial Services Committee’s hearing on reducing government roadblocks to increasing housing supply.
“Credit unions believe in supporting their members and their communities by creating products and services designed to suit member needs, including the underserved. Credit unions have long had a history of rent-to-own programs, first-time homeowner programs, and financial literacy and wealth-building programs to assist millions of Americans on their path to financial well-being,” the letter to HFSC leader states. “Data consistently shows that credit unions are on par with or exceed our for-profit counterparts in the financial services marketplace.”
Specific recommendations include:
Originally reported by CU Today.