Biden HUD moves to require ‘equity plans’ from localities under fair housing rule

ptif219

Verified User
Once again the democrats show they are the racist party and want to destroy capitalism

https://www.washingtonexaminer.com/...plans-from-localities-under-fair-housing-rule


The Biden administration is moving to require state and local governments to submit "equity plans" to the federal government to avoid falling afoul of fair housing rules.

The Department of Housing and Urban Development submitted a proposed rule Thursday that would mandate local governments submit plans and reports relating to civil rights concerns or else risk losing access to federal subsidies.

“This proposed rule is a major step towards fulfilling the law’s full promise and advancing our legal, ethical, and moral charge to provide equitable access to opportunity for all,” said HUD Secretary Marcia Fudge.

The new requirements, part of a rule known as “Affirmatively Furthering Fair Housing,” are justified as following through on a provision of the 1968 Fair Housing Act that required localities “affirmatively further” fair housing as a response to historical segregation.
 
Federal Policies Are Making Houses Unaffordable
https://www.forbes.com/sites/norber...e-making-houses-unaffordable/?sh=5d46907e22ad

HUD is a major reason housing is unaffordable in many parts of the US. The more rules they make, and the more involved they become in the housing market the greater the shortage of, and higher cost of, housing becomes. The Department of Education fucked up US public schools royally, now it's HUD's turn to fuck up housing.
 
Federal Policies Are Making Houses Unaffordable
https://www.forbes.com/sites/norber...e-making-houses-unaffordable/?sh=5d46907e22ad

HUD is a major reason housing is unaffordable in many parts of the US. The more rules they make, and the more involved they become in the housing market the greater the shortage of, and higher cost of, housing becomes. The Department of Education fucked up US public schools royally, now it's HUD's turn to fuck up housing.



This is more proof this is Obama's third term. Biden is reinstalling Obama policies Trump got rid of
 
Well, in this case, Trump started the cluster fuck, and Biden is just piling on...

How will the $2 trillion federal rescue package impact multifamily housing?
https://www.housingwire.com/article...nal subsidy funding has been made available.”

Biden-⁠Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply
https://www.whitehouse.gov/briefing...-steps-to-increase-affordable-housing-supply/

The problem with this plan is that it incentivizes apartments, not homes. That means for people just starting out that single-family homes are being priced out of the market as developers switch to building apartments because they get huge piles of money from the government to subsidize those. For families, apartments suck as a place to raise a family. Thus, the housing market is being dictated by the government rather than buyer preferences.
 
Well, in this case, Trump started the cluster fuck, and Biden is just piling on...

How will the $2 trillion federal rescue package impact multifamily housing?
https://www.housingwire.com/article...nal subsidy funding has been made available.”

Biden-⁠Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply
https://www.whitehouse.gov/briefing...-steps-to-increase-affordable-housing-supply/

The problem with this plan is that it incentivizes apartments, not homes. That means for people just starting out that single-family homes are being priced out of the market as developers switch to building apartments because they get huge piles of money from the government to subsidize those. For families, apartments suck as a place to raise a family. Thus, the housing market is being dictated by the government rather than buyer preferences.

Going forwards the people will decide nothing, unelected bureaucrats decide.
 
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