WASHINGTON—The Biden administration is poised to unveil a series of steps aimed at addressing the U.S.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.
'There is NO housing shortage' (LOTS of vacant & abandoned buildings, & other edifices, which CAN be gutted & fixed up then turned into various kinds of housing) & 1 day the public WILL know this 4 sure. B'klyn looks like Manhattan w/skyscrapers (Awful), NOT a solution.
🇧🇷🇧🇷Of the 193 nations on Earth, BRAZIL is the only country where 80% of its population takes to the streets to support their PR Bolsonaro. The communist supreme court is tearing up the constitution and trying to strike a blow to the republic's presidency
Stop spending money you don’t have . Just don’t do that. Border crisis, Covid crisis, cyber attack crisis, inflation Crisis, Afghanistan crisis. We were doing pretty well until this administration took over !
Sounds like Canada. What a joke!
d'oh
There is a shortage.. when investment companies scoop up all the homes
What could possibly go wrong?
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