"It will radically alter investors' perceptions of 'government sponsorship,' place housing mission in a backseat position, add an unnecessary capital drag and stymie new innovation of affordable-loan products," NAHB officials explain. "An immediate impact will be upward pressure on housing costs for millions of working American families." From NAHB's perspective, the main points of contention in the draft are receivership, structure of the new regulator, capital requirements and new activity approval. "We are also disturbed by neglect of the critical affordable housing goals component," NAHB adds. "The draft bill missed a great opportunity to establish a more challenging affordable housing goals system for the GSEs. Unfortunately it makes little reference to their housing affordability goals, and makes no attempt to intensify the focus of the GSEs on their housing mission."