Mortgage Bankers Association (MBA) officials have detailed the membership of its 2022 Affordable Rental Housing Advisory Council, which provides input regarding affordable rental housing and homeownership.
The panel plays a pivotal role in the MBA’s CONVERGENCE Initiative. The Advisory Council on Affordable Homeownership provides recommendations, feedback, and ideas regarding where the MBA should allocate time and resources to advance affordable homeownership and help close the racial homeownership gap.
“This Council will guide our efforts in bringing together key stakeholders to work on solutions aimed at affordable rental housing,” said Steve O’Connor, MBA’s senior vice president for Affordable Housing Initiatives. “As economic, demographic, and social issues continue to intersect, our members will work to help ensure a healthy and equitable housing market.”
Michael Staton, vice president and mortgage officer, CPC Mortgage Company, and Sarah Garland, managing director, CBRE, are slated to serve a second term as co-chairs of the Affordable Rental Housing Advisory Council in 2022.
“With the ability to leverage the unique expertise of our membership, the MBA’s Affordable Rental Housing Advisory Council can play a key role in bringing innovation and a diversity of ideas to address the crises of affordability, equity, and sustainability facing our rental housing and the people who call it home,” Staton said. “Given the lending industry’s influence and impact on the nation’s housing ecosystem, it’s important that we lead from the front in addressing these challenges. I’m honored to co-chair this committee and thank the MBA for its work to create real change in cities large and small throughout the country.”