President Trump signed a bill on May 24 that will roll back specific banking regulations – including those related to Dodd-Frank. NMHC/NAA have worked for several years to obtain relief from the existing capital regime on multifamily construction loans that was included in the reform.
The existing bank rules regarding High Volatility Commercial Real Estate loans (HVCRE) increased borrowing costs and constrained banks’ lending capacity. The reform proposal includes language that provides greater clarity and relief from HVCRE. The broadest impact of the legislation is that it provides regulatory relief to community banks and credit unions. The larger banks will also see regulatory relief as the minimum size of systemically important banks was raised from $50 billion to $250 billion, moving those banks to a lower level of regulatory oversight.
For more information on Dodd-Frank, please visit our advocacy page.
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