Biden takes actions on affordable housing, aiming to close gap in housing supply in 5 years

[Yo_Mama_Been_Loggin]

WASHINGTON — Amid skyrocketing housing prices, President Joe Biden's administration is taking new steps to spur more affordable housing as the White House seeks to close the U.S. "housing supply gap" in five years.

Among the efforts is increasing federal assistance to help finance and produce more factory-built manufactured homes including mobile homes.

Freddie Mac recently announced it is exploring purchasing chattel loans, on which the majority of homeowners who buy manufactured homes rely rather than traditional mortgages.

The Federal Finance Housing Agency has also committed to work with lenders to begin a pilot program to offer financing for the construction and renovation of accessory dwelling limits, which are typically cheaper than traditional homes. This housing includes garage apartments, backyard homes and in-law suites.

https://www.msn.com/en-us/money/realestate/biden-to-tackle-affordable-housing-aiming-to-close-gap-in-housing-supply-in-5-years/ar-AAXjZ7z

[PortTack]

1. The corporate buy up of housing has to be addressed!

[SWBTATTReg]

2. A tiny drop in the bucket of things that need to be addressed in order to increase

affordable housing.

In many places in this Country, you have scores, nay, hundreds and/or thousands living in tents, RVs, etc. all across the Country. This used to be a fad, where you had the snowbirds go South, and then return North every year, but these tent/RV cities that are springing up all over the Country aren't snowbirds. They're people who are simply looking for a roof over their head, etc., housing has gotten too expensive.

A tragedy.

And a lot of communities ban motor homes and mobile homes too, so where are these people (who buy the manufactured homes) going to locate them? Authorities need to open up or repeal a lot of the bylaws, the NIMB (not in my backyard) mantra that is so prevalent in so many communities that actually helps create these problems. I recall that when they tried to develop a senior citizens development for the seniors of one community here in STLMO (more specifically, a community in the outskirts of STLMO, the city of STLMO is pretty good about affordable housing but that's changing w/ the advent of higher prices for homes in the city), the citizens of that one community refused to let the senior citizen's development proceed, even though the development would have housed seniors from that very community. Nice, eh? Won't even let their old aunts, uncles, parents when they get older, live in the communities these seniors lived in all of their lives.