OBAMA ADMINISTRATION ANNOUNCES REGIONAL CONFERENCE ON HOUSING FINANCE REFORM IN CLEVELAND
Open discussion with stakeholders, market participants set for September 27

WASHINGTON – Today, the Obama Administration announced it will host a Regional Conference on Housing Finance Reform in Cleveland on Monday, September 27. The Regional Conference will provide additional opportunities for public engagement on the future of our nation's housing finance system as the Administration continues its work developing a comprehensive housing finance reform proposal for delivery to Congress by January 2011.

"We are looking to stakeholders in Cleveland and other communities to bring the best ideas to the table as we consider proposals for reforming the housing finance system," said U.S. Department of Housing and Urban Development (HUD) Assistant Secretary Raphael Bostic. "The need for reform is clear and we want to continue engaging diverse views as we chart a course to a more robust and stable housing market that works for the American people."

"It is important that we continue to seek out new ideas and to debate the key issues that will shape the future of our nation's housing finance system," said Jeffrey A. Goldstein, Under Secretary of the Treasury for Domestic Finance. "Continuing this dialogue in Cleveland will help us ensure that the best ideas are on the table as we develop proposals for reform."

The Administration will also host a Regional Conference in Charlotte on Thursday, October 7.

The Regional Conferences will bring together leading academic experts, consumer and community organizations, industry groups, market participants, and other stakeholders from across the country for an open discussion about housing finance reform. Treasury and HUD senior staff members will host the Regional Conferences and moderate discussions on a broad range of topics relating to the future of housing finance.

The Regional Conferences will build upon the Administration's ongoing efforts to gather input on the future of housing finance reform from a broad cross-section of stakeholders.

Last month, the Administration convened a Conference on the Future of Housing Finance in Washington, DC. And then in April, Treasury and HUD issued a set of questions for public comment on the future of the housing finance system, which received more than 300 responses from a broad cross-section of consumer groups, industry groups, market participants, members of the public, think tanks, and other stakeholders. These responses will help provide additional input and perspective as the Obama Administration moves forward to develop its comprehensive reform proposal. To view these responses to the questions for public comment, please visit: here (www.regulations.gov/search/Regs/home.html#docketDetail?R=TREAS-DO-2010-0001) and here (www.regulations.gov/search/Regs/home.html#docketDetail?R=HUD-2010-0029).

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