Biden regime details plan to speed up arrival of next housing crisis

Source: Los Angeles Times

“The Biden administration on Wednesday unveiled a plan to expand housing affordability through a slew of policy shifts projected to create and rehabilitate more than 2 million housing units, including 1 million rental units, nationwide as millions continue to find themselves priced out of the market, which surged throughout the COVID-19 pandemic. … The Biden administration announced moves that would create, preserve and sell nearly 100,000 affordable homes over the next three years. Officials also said the administration would move to make more single-family homes available to individuals, families and nonprofit groups, rather than large investors who often convert units into rental properties, as well as to expand mortgage availability through Freddie Mac and its sibling Fannie Mae for certain units.” (09/01/21)