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If a reduction was critical at a time when interest rates were at record lows, it has become more imperative as affordability wanes, the Community Mortgage Lenders Association argues.
The plans establish a flexible framework for the GSEs to address barriers to sustainable housing and close the racial homeownership gap. The 2022 to 2024 plans will be updated annually, FHFA said, and will pay special attention to barriers to homeownership in Black and Latino communities.
The Biden Administration plans to provide funds for programs like affordable housing and apprenticeships for skilled construction workers to help the affordability crisis and low-inventory market.
The White House has released a new plan aimed to increase the housing supply in the United States. ...