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09/09/2019

Business Trump’s housing plan could leave buyers fewer options, experts say

The Washington Post | By Renae Merle

The Trump administration’s vast plan for remaking the housing market could leave future home buyers, particularly those who are lower-income, with fewer options and resources, according to housing advocates.

The housing plans released Thursday by the Treasury and Housing and Urban Development departments envision a smaller role for the government in the housing market while taking swipes at current programs aimed at affordable housing.

President Trump’s proposals raise “serious concerns about the future of housing in this country, particularly affordable housing,” said Rep. Maxine Waters (D-Calif.), chairman of the powerful House Financial Services Committee.

The Trump administration is also making a once-unthinkable concession in its proposal: Fannie Mae and Freddie Mac are here to stay... click here to read more.

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