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Trump housing chief ramps up mortgage spending and piles risk onto government lenders
President Donald Trump's housing finance team is quietly reshaping the mortgage market by letting government-backed lenders take on more debt and more risk. The centerpiece is a move by his housing finance chief to expand mortgage spending at the very moment when affordability pressures and political scrutiny are both intensifying.
Bipartisan Senate and House packages, aimed at rewarding new construction and eliminating red tape, could bring significant changes to federal housing laws.
HUD's Scott Turner to Newsmax: Need '7 Million Units of Housing' in US
In a spending package passed by the House, lawmakers are bolstering the Department of Housing and Urban Development’s budget.
Republicans including Reps. Thomas Massie and Lauren Boebert opposed a $1.2 trillion spending bill on Tuesday, citing concerns over election integrity and DHS funding.
Santa Clara County has taken a stand against President Donald Trump in court over the last year, challenging efforts to end birthright citizenship, disrupt federal funding for not complying with Trump’s agenda and more.
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Trump housing policy may displace thousands of Alabamians: ‘Doesn’t make a whole lot of sense’
The Trump administration’s changes to a homeless relief program will take millions from permanent housing funds, and could increase homelessness in Alabama, an Alabama advocacy organization said. The Continuum of Care is a national program that provides permanent supportive housing and services to those in need.
Rep. Monica De La Cruz, R-Brownsville, said the change would ensure federally-funded programs "do not punish (veterans) for benefits they have earned."