Episode Synopsis "Ep 7: Jim Parrott, Former White House Advisor on Housing"

In this episode of On the Hill, Tim Rood, SitusAMC Head of Industry Relations, speaks with Jim Parrott, nonresident fellow at the Urban Institute and owner of Parrott Ryan Advisors, which provides strategic advice on housing finance issues. Parrott served as a senior advisor at the National Economic Council (NEC) in the Obama White House. He led the team of advisers charged with counseling the cabinet and president on housing issues during one of the most tumultuous times in the history of housing policy, helping them navigate through the collapse of the housing market and the early days of GSE reform. Prior to that Parrott was counsel to Secretary Shaun Donovan at the Department of Housing and Urban Development and a litigator with Sullivan and Cromwell in New York. Rood and Parrott discuss the direction the Biden administration is likely to take on housing policy (the podcast was recorded prior to release of the Biden plan but turned out to be spot on), strategies to overcome the nation’s thorny housing supply shortage, and the federal foreclosure and eviction moratoriums. Parrott also ties the issues policymakers are struggling with today to the lessons learned from the Great Financial Crisis. “Policymakers on both sides of the aisle this time around are prioritizing speed and scale,” he said, making programs simpler and more flexible to get relief out sooner and at scale. “We just weren’t in a position to do that in 2009 and 2010. The politics were so tricky and so prohibitive.”

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