Leo E. Zickler. chairman and president of Oxford Realty Services Co.. Bethesda. Md. told the Housing and Community Development Subcommittee of the House Banking. Finance and Urban Affairs Committee that the multifamily finance system must be rebuilt in order to meet the affordable housing needs of the nation. He testified in support of the National Mulitfamily Housing Finance Act. which has been included as a provision of the Housing and Community Development Act (H.R. 5334). He spoke on behalf of the National Multi Housing Council and the National Apartment Association.
This country cannot have a serious national effort to provide more affordable housing unless it starts now to rebuild a strong multifamily finance system.