White House Announces Immediate Steps to Increase Affordable Housing Supply

The White House announced steps to expand the affordable housing supply by 100,000 units for homeowners and renters over the next three years. These steps will create, preserve, and sell units to homeowners and non-profit organizations, with an emphasis on lower- and middle-income families. The White House’s plan will be a collaborative effort between HUD, the Department of Treasury, the Federal Housing Finance Agency (FHFA), and the Government-Sponsored Enterprises (Enterprises) Fannie Mae and Freddie Mac.

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