Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a homebuilder and developer from Wilmington, Del., issued a statement yesterday 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).

Kelly says, “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.

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