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stirring the waters continued from page 31 who can't get houses." To date, Trump has not stated policy proposals related to affordable housing. Rob Astorino, the county executive for New York's Westchester County, told The Daily Caller in early August that Trump told him that he would terminate the U.S. Department of Housing & Urban Development's (HUD) Affirmatively Furthering Fair Housing regulation that allows the federal government to mandate the quantity of affordable housing units at a local level. However, Trump has not publicly commented on that HUD regulation, nor did he confirm Astorino's statement regarding this pledge. OCTOBER 2016 n National Mortgage Professional Magazine n NationalMortgageProfessional.com 32 Hillary Clinton The NAHB also invited Democratic presidential nominee Hillary Clinton to address its membership this summer, but she declined to appear and instead, sent Gene Sperling, her chief economic advisor, who offered an overview of the housing aspect of Clinton's $125 billion Economic Revitalization Plan. "For Hillary Clinton, growing middle-class jobs and middleincome security is the single lens in which she will judge economic policy," Sperling said. "What better helps the middle-class than housing? Housing creates jobs in the United States. There is probably no other sector that creates jobs throughout income levels-from construction jobs to professional and servicing jobs." Sperling noted the challenge in credit availability levels, stating that the challenge was to "never swing back to where we were, but to get to an equilibrium where people who are creditworthy can get the housing they need. This will lead to increased housing starts, construction and affordable housing, which we need in this country." While Clinton has yet to give a presentation focused primarily on housing, her running mate Tim Kaine used a CNN op-ed column in August to emphasize Clinton's promises to expand affordable housing opportunities. "We'll expand the supply of Low-Income Housing Tax Credits that help keep rising rents in check," Kaine wrote. "We'll increase rental assistance for low- income families, and help families who receive support choose from a wide range of neighborhoods to live in. We'll provide more resources to public housing authorities, and pair these investments with broader economic development efforts. We'll support initiatives to provide up to $10,000 in assistance on a down payment for families looking to buy their first home. And of course, we'll bolster resources to enforce Fair Housing laws and fight housing discrimination in all its forms." Of course, you cannot have a political campaign without attacks, and the Democratic ticket has also housing as a subject in their attacks against Trump's campaign, with Kaine accusing him of alleged racial discrimination against African-Americans seeking rental apartments in the 1970s and Clinton-along with Sen. Elizabeth Warren (D-MA)-claiming that Trump cheered on the housing bubble collapse. To date, Trump has not counterattacked his Democratic opponents with the housing issue. Gary Johnson This year, more attention than usual is being offered to the Libertarian Party, which has fielded former New Mexico Gov. Gary Johnson as its presidential candidate. Johnson was the Libertarian candidate in the 2012 election, when he received one percent of the popular vote. As part of his advocacy for a smaller federal government, Johnson has been a longtime opponent of HUD and called for the elimination of the Department from the executive branch. He has also championed the elimination of the U.S. Departments of Commerce and Education, albeit with the caveat that he would do this if he was presented with congressional legislation calling for the department's demise. Johnson has been critical of the federal role in housing, and in a July speech before the FreedomFest Conference, he belittled Washington's efforts to address the question of affordable housing. "Let me give you an example," Johnson said. "You hear this all the time, right? Affordable housing? You hear this in your communities all of the time, 'Affordable housing, what we do about it?' Just think about affordable housing for a second if the government were not involved at all in housing. If as a community, you took architects and engineers and said, 'Design for me affordable housing without any regard ... of course safety will be the regard ... but without regard to any zoning; without regard to any laws.' Can you imagine the home that's going to be 600 square feet, as you see in IKEA, with a toilet and a shower, a place to cook, a place to sleep, and a desk? That is the kind of affordable housing that you would see that would be affordable. Unbelievably affordable. But it is not possible when you have government involvement in affordable housing because first and foremost zoning comes into play. So, so many of the solutions that are out there rely on free markets; rely on getting government out of the way." Green presidential candidate in 2012, when she fielded 0.4 percent of the vote. It can be argued that of the major presidential candidates, Dr. Stein has offered the most in-depth policy proposals for housing, with a major increase in federal involvement. Among her proposals are "an immediate halt" to foreclosures and evictions, the creation of a federal bank that would take possession of homes with underwater mortgages and either modify the loans or rent the property to the occupants, the expansion of federal homeownership and rental assistance and the allocation of "capital grants" to non-profit developers of affordable housing. Dr. Stein also pledged to use HUD to prevent the use of LowIncome Housing Tax Credits to increase the availability of lowincome housing in "already segregated neighborhoods," while pushing for new public housing developments in "middle-income communities that is high-quality and mixed-income." Dr. Stein, along with Johnson, is also demanding the reinstatement of the Glass-Steagall Act. In something of a surprise, considering his party affiliation, Trump has also Dr. Jill Stein backed this idea. Clinton, whose Another outsider party gaining more husband signed the legislation that attention than usual this year is the repealed Glass-Steagall, has been Green Party, whose presidential actively opposed to bringing back candidate is Dr. Jill Stein, a Glass-Steagall, a position that put Massachusetts physician and her at odds with the progressive political activist. Dr. Stein was the wing of her party. Phil Hall is managing editor of National Mortgage Professional Magazine. He may be reached by e-mail at PhilH@NMPMediaCorp.com. Reshaping the Housing Landscape Industry experts look to gauge fallout of 2016 Presidential Election he housing, real estate and mortgage industries, both in its major trade associations and its leading companies, are mostly taking a publicly neutral view of the presidential campaign. But that doesn't necessarily mean that they are not paying attention. In February, the 2016 Real Estate Market Sentiment Survey issued by the New York law firm Seyfarth Shaw polled commercial real estate executives to see which candidate had their best interests in mind. Trump came out with 33 percent of the response, with T Clinton taking 12 percent. The Seyfarth Shaw poll included the other candidates from the primaries, with Jeb Bush at 13 percent, Marco Rubio at 11 percent and Bernie Sanders far behind at three percent. One month later, an early election was held at a Consumer Bankers Association conference and Clinton elbowed out Trump in a 52 percent to 48 percent poll. However, 85 percent of the bankers who participated in that vote grumbled that they were unhappy with both candidates. In May, Zillow polled 100 housing economists on the http://www.NationalMortgageProfessional.com

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