Presidential hopeful Joe Biden has offered insight into what his presidency might mean to housing. Here’s a rundown.
What would a Biden presidency mean for the residential housing industry? While housing issues haven’t received much national press attention in the presidential race, some information can be gleaned from the Obama presidency’s housing record and from Biden’s $640 billion housing plan unveiled by his campaign during the Democratic primaries. Here are some ways that a Biden win could affect homebuyers and homeowners:
Fannie Mae and Freddie Mac (the GSEs)
Fair Lending and Racial Discrimination
State and Local Taxes
The Consumer Financial Protection Bureau (CFPB)
Some of Biden’s housing initiatives could be accomplished through executive actions, while others would involve congressional passage and funding—so the fruition of many of his proposals not only depends on the outcome of the presidential election, but on whether the Democrats can gain control over both houses of Congress.
For a look at the Democratic platform on independent contractors and franchisor-franchisee business relationship, go to https://www.realtrends.com/blog/comparing-republican-and-democratic-platforms-on-real-estate-industry-impacts.
Sue Johnson is the former executive director of RESPRO, the Real Estate Services Providers Council Inc. She retired in 2015 and is now a strategic alliance consultant.
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