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Biden’s new dilemma: How to slash housing costs for low-income borrowers POLITICO 8 hrs ago By Katy O'Donnell © AP Photo/Nam Y. Huh A "lot for sale" sign stands along side a housing lot in Des Plaines, Ill. on March 21, 2021. WASHINGTON — President Joe Biden’s move to fire the top U.S. mortgage regulator is triggering calls from fellow Democrats to use the agency to expand access to loans for lower-income people, who have struggled to buy homes since the financial crisis. That’s setting up a clash with Republicans over how far the government should go in shaping a...

POLITICO Fight looms over down payment aid to close racial wealth gap One $10 billion proposal from House Financial Services Chair Maxine Waters (D-Calif.) would give homebuyers up to $25,000 for a down payment. House Financial Services Committee Chair Maxine Waters, D-Calif., presides over a markup of pending bills, on Capitol Hill in Washington on April 20, 2021. | AP Photo/J. Scott Applewhite Link Copied Democrats are pushing to spend billions of dollars to help first-time homebuyers afford down payments, setting up a clash with industry groups and GOP lawmakers, who are warning about raci...

Biden held his first formal White House meeting with House and Senate leaders to discuss infrastructure. Republicans have signaled opposition. Addressing the broad housing crisis would require more than 7 million affordable housing units for extremely low-income families, according to the National Low Income Housing Coalition, a Washington-based nonprofit. Advertisement The percentage of land zoned for single-family housing varies by city. In Los Angeles, 75% of residential land is zoned for detached single-family homes. In Washington, D.C., nearly 60% of residential land is zoned for single...

POLITICO 'You need carrot and stick': Biden's fair housing plan dismissed as weak The skepticism among housing advocates and potential resistance from key lawmakers is threatening to create new obstacles for the Biden administration’s biggest hope to bring housing costs in line with people’s incomes. A person runs through Manhattan’s SoHo neighborhood, which is home to numerous upscale stores, boutiques, art galleries, and multimillion dollar lofts on October 08, 2020. | Spencer Platt/Getty Images Link Copied President Joe Biden is proposing a historic infusion of federal money into hou...

Channel3000.com January 15, 2021 1:57 PM Natalie Campisi - Forbes Advisor Posted: Updated: January 17, 2021 3:27 PM This story is part of a series on the new Biden administration and what he has planned for his first 100 days—and beyond. Housing shortcomings in the U.S. are plentiful and diverse, from a Covid-driven renter eviction crisis to over-restrictive zoning laws that artificially drive up land values and make it nearly impossible for entry-level buyers to afford a home. Some solutions might lie in a massive $640 billion plan proposed by President-elect Joe Biden to address...