President Donald Trump on Friday signed a pair of executive orders aimed at showing his commitment to improving home affordability — a key issue for many voters going into November’s election for control of the House and Senate.
Under the first order, the federal government would reduce its own housing regulatory burdens and create incentives for best practices by state and local governments, with the goal of making it easier for builders to construct more homes. The second order would reduce the regulatory burdens tied to mortgages and make it easier for smaller community banks to provide home loans.
“Layers of unnecessary regulatory barriers, slow permitting processes, and onerous mandates at all levels of government have delayed construction, restricted development, and driven up the costs of new housing,” said a draft of the order. “These constraints have made housing less affordable for many Americans.”
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