Biden’s Plan to Boost Affordable Housing Applauded by Industry

Mortgage Professional America, July 28, 2022–Candyd Mendoza
President Biden’s move to combat the housing supply crisis has been met with praise from housing industry players, with most promising to continue working with the administration to solve this historic challenge. Bob Broeksmit, president and CEO of the Mortgage Bankers Association, commented: “With housing construction slowing amid inflationary pressures, economic uncertainty, and higher interest rates, both public and private sector financing will be necessary to create the supply of affordable rental housing that is needed to help ease costs for families, especially minorities and those with low and moderate incomes.”