NID's Policy Developments

From its founding, NID embarked on several policy developments, including working with several D.C. parties to improve the fairness of the implementation of the Tax Reform Act of 1986. NID also entered into a novel Urban Economic Development partnership with HUD and the U. S. Department of Commerce from 1987-89. The organization worked with Fannie Mae and the then GE Capital Mortgage Insurance Company (GECMI) on several initiatives from 1987 to 1994 to establish a national model homebuyer consumer education and counseling program to support the viability of conventional 3% down payment home loan mortgages. The Fannie Mae/GECMI/NID Community Homebuyers Program was the first national private sector housing counseling program in the nation.