A coalition of real estate industry groups have declared their support of the U.S. Department of Housing and Urban Development’s (HUD) proposed Affirmatively Furthering Fair Housing (AFFH) rule that is designed to offer guidance and tools for cities and states seeking solutions to reverse segregated housing patterns.
The National Association of Realtors (NAR) spearheaded the coalition, which includes the National Association of Real Estate Brokers, the National Association of Hispanic Real Estate Professionals, the Asian Real Estate Association of America and the LGBTQ+ Real Estate Alliance. In a press statement, the coalition said the rule “improves upon HUD’s 2015 AFFH rule, providing for more robust community engagement, streamlining processes for funding recipients, and providing greater transparency.”
The coalition added the proposed rule placed a renewed emphasis on widening homeownership opportunities for historically disenfranchised populations.
“NAR advocates tirelessly for policies that help close homeownership gaps and increase access to affordable homeownership for every American,” said Kenny Parcell, 2023 NAR president. “Realtors are champions for diverse, inclusive communities where everyone can thrive. By prioritizing robust community engagement, HUD can support communities as they find local solutions to local fair housing issues.”