WASHINGTON — The Biden administration is poised to unveil a series of steps aimed at addressing the U.S. shortage of entry-level homes and rental properties, according to people familiar with the matter, moves designed to boost their financing and construction over the coming years.
The changes would draw upon the administrative authority of government regulators such as the Federal Housing Finance Agency as Congress weighs broader policy changes tied to the debate over revamping U.S. infrastructure, according to a draft plan reviewed Tuesday by The Wall Street Journal. Details could change before the White House releases its final version. FHFA oversees Fannie Mae and Freddie Mac, the two mortgage giants that back about half of the $11 trillion mortgage market.
Individually, each regulatory move is technical and modest. Collectively, though, “they should have a meaningful impact, particularly because they are all focused on the lower end of the market, where there is the most need,” said Jim Parrott, a former Obama administration housing adviser, commenting on the draft.An expanded version of this report appears on WSJ.com.China limits online videogames to three hours a week for young people.
Is this guy serious? Inflate the currency and limit housing by regulation and then come to the rescue saving us from the same policies that your party supports
For who? the people choosing to not work, collect unemployment, and not pay rent!
Great. The government is so efficient. Just look at how they manage social security, Medicare, dmv, post office……I love it when they get involved with a new program.
Yea it ended well last time with the 2008 financial crisis.
Anything but ending the printing of money or raising rates, got it.
Oh god no please no
this is terrible news
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