She provides an informed overview in her video below of a new Biden Affordable Housing Plan just issued. There is a lot of solid info in her video as well as the actual plan (linked below) which describes many new grants that will be available (IF implemented) including TRAINING grants for homebuilding students, etc.
"The government is finally addressing the affordable housing crisis that has been in the making for the past 15 years. Over the next 5 years, homebuyers may be getting relief from high home prices and lack of supply of affordable homes as this action plan addresses rents, modular homes, manufactured housing, ADU's and panelized construction, AKA Pre-fabs. In this video we cover what was proposed and if will actually help homebuyers and renters or is this just more lip service from the government."
Watch her video here:
REMEMBER, this is just a PLAN, not a congress approved legislation item. Some parts can be implemented now within the Executive Branch, and others are dependent on Budget or Congressional support.
HERE is the White House May 16 Press Release on the "Housing Supply Action Plan" - this release also contains the actual plan: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/
"The Plan will help renters who are struggling with high rental costs, with a particular focus on building and preserving rental housing for low- and moderate-income families. The Plan’s policies to boost supply are an important element of bringing homeownership within reach for Americans who, today, cannot find an affordable home because there are too few homes for sale in their communities. And it will help reduce price pressures in the economy, as housing costs make up about one-third of of the market basket for inflation, as measured by the Consumer Price Index."
And, here is the link to the vlogger "How to ADU" that she interviewed.
Here is an article about the Plan from the multi-housing industry:
Here is an overview from TheHill.com:
Here are my observations on this "Plan":
- This is a very broad based "all of government" plan
- It improves processes and financing for manufactured homes.
- It stresses use of ADU's
- It provides funds to train more construction industry workers
- It pushes RENTAL home supply and increases the percent of foreclosed homes that can only be sold to individuals, not volume investment buyers
- It incentivizes more rural area home construction
- "The President’s 2023 Budget includes a proposal for $25 billion for Grants for Affordable Housing Production"
- There are a lot of components and OPPORTUNITIES, so review it for the areas of interest to you. There are some for developers, individual home buyers, local governments, etc. Then monitor the program for when components roll out or DIE.
Cheers,
Vance Jochim
FiscalRangers.com
Vance Jochim
[email protected]
YouTube Channel "FiscalRangersFlorida"
