"The Trump Administration is signaling that it intends to attack the affordability crisis and chronic undersupply from multiple angles talking openly about declaring a national housing emergency, freeing up federal land, leaning on localities to permit faster and denser, trimming closing costs, exploring rate-transfer ideas, boosting construction capacity, revisiting mortgage product design (including multigenerational mortgages), lowering MBS spreads via capital and liquidity moves, and potentially releasing Fannie Mae and Freddie Mac from conservatorship."
"Treasury Secretary Scott Bessent has said the administration is weighing a national housing emergency this fall to spotlight affordability and supply. His line: We're trying to figure out what we can do, and we don't want to step into the business of states, counties, and municipal governments. The federal government can't rewrite local zoning, but the bully pulpit plus carrots (grants, tax credits, fee waivers) can push reform at the city/state level."
"According to the American Enterprise Institute's (AEI) Edward Pinto, AEI has proposed auctioning roughly 850 square miles of federally owned land for housing, an estimated 3 million single-family sites, as part of Homesteading 2.0. These parcels are not all in one place; they're largely BLM tracts near fast-growing Western metros (e.g., Las Vegas Valley/Clark County, Nev.)"
The administration plans a multi-pronged effort to address housing affordability and chronic undersupply, including a possible national housing emergency, federal land disposition, and incentives for local permitting reform. Policy tools under consideration include trimming closing costs, exploring rate-transfer mechanisms, boosting construction capacity, redesigning mortgage products (including multigenerational loans), and lowering mortgage-backed securities spreads through capital and liquidity changes. Officials are also weighing releasing Fannie Mae and Freddie Mac from conservatorship. Federal signaling would rely on the bully pulpit plus funding or regulatory carrots to induce local zoning and permitting changes where most housing policy is determined.
Read at www.housingwire.com
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