Trump Administration is Preparing an EO Related to Housing Affordability
The Trump administration is preparing an executive order focused on housing — with special attention to first-time buyers — as the White House attempts to address voter concerns about affordability.
An order could include policies that President Donald Trump has already floated, such as a 50-year mortgage or a ban on institutional investors buying single-family homes, according to five people close to the deliberations, who spoke on the condition of anonymity to discuss private conversations. Other proposals are newer, like helping homebuyers withdraw from their 529 or 401(k) savings accounts to make down payments without incurring tax penalties.
The exact timing or language is not final; plans have been in flux over the past few weeks, the people said. But it is clear the White House increasingly sees housing policy as central to its broader affordability agenda. More details are expected when Trump speaks at the World Economic Forum in Davos, Switzerland, later this month.
Please select this link to read the complete article from The Washington Post.