Civil rights groups and some housing advocates are concerned that the Johnson-Crapo proposal for housing-finance reform eliminates requirements that loans be available for low- and moderate-income borrowers. "The bill explicitly abolishes affordable-housing goals," said Mike Calhoun, president of the Center for Responsible Lending. Advocates of the bill, including Housing and Urban Development Secretary Shaun Donovan, argue that the current system is not helping underserved Americans and point out that the bill directs $5 billion annually to affordable housing.

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