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Biden Administration will announce Measures to meet US Housing Supply Shortage

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Sienna Stewart
Biden Administration will announce Measures to meet US Housing Supply Shortage

The administration of President Biden will announce a series of measures designed at addressing the shortage of entry-level homes and rental properties in the United States. The measures aimed to boost their financing and construction over the coming years. The Wall Street Journal reported that the new 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 US infrastructure. However, the details could change before the release of the White House’s final version. FHFA oversees 2 mortgage giants Fannie Mae and Freddie Mac that back about half of the $11 trillion mortgage market. Each regulatory move is technically individual and modest. A former Obama administration housing adviser, Jim Parrott also made comments Read more....

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Sienna Stewart
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