(FinancialHealth.net) – This week, the Trump administration moved to get rid of one of the most controversial Department of Housing and Urban Development (HUD) rules from the Obama-era. According to Housing Secretary Dr. Ben Carson, eliminating the rule is going to make affordable housing more readily available in our cities — something many urban areas desperately need.
The change would place more emphasis on making housing choices better for everyone, and less on reducing discrimination. Currently, the 2015 Affirmatively Furthering Fair Housing (AFFH) rule’s assessment tool to map racial segregation is creating a nightmare for applicants. In fact, 63% of cities had their housing plans either rejected outright or accepted with numerous revisions, causing a bottleneck in the apportioning of housing units.
“Mayors know their communities best, so we are empowering them to make housing decisions that meet their unique needs, not a mandate from the federal government. If a community fails to improve housing choice, HUD stands ready to enforce the Fair Housing Act and pursue action against any party that violates the law.”
-HUD Secretary Dr. Ben Carson
Without the Obama rule, localities will be able to boost the availability of housing and get families into homes. Which, by the way, is the entire purpose of HUD.
~Here’s to Your Financial Health!
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