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HUD Secretary, Marcia Fudge, on Housing Crisis

Homepage Growth News HUD Secretary, Marcia Fudge, on Housing Crisis
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HUD Secretary, Marcia Fudge, on Housing Crisis

September 13, 2021
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HUD Secretary Marcia Fudge On The Efforts To Avert Pandemic Housing Crisis

As the pandemic rages on, the housing market continues to surge.  You’ve heard it all by now–ridiculous prices, fierce competition, limited supply, institutional investors, historic low rates.  All make for a red hot market recipe that leads to a housing crisis for many.

And as long as inventory remains scarce and rates low, home prices show no sign of slowing down.  The benefits are enormous for homeowners with equity and investors, but everyday working people and communities of color are falling farther behind.  The dream of homeownership is being pushed increasingly out of reach.  More families are becoming cost burdened by rising rents, job loss, inflation, and healthcare.

The eviction moratorium and unemployment benefits are now expired.  Forbearance agreements are set to expire later this month.  Yet, billions of dollars in assistance has not been disbursed.  Many Americans are fearful of losing their homes.

NPR interviewed HUD Secretary, Marcia Fudge to learn more about averting the crisis and stemming the tide.  “We CAN do this.”

Click here to read the full interview.

Tags: affordable housing homeownership housing crisis pandemic housing crisis real estate market White House Housing Plan

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    Monday, 22, Mar
    Spring Cleaning Tips for a Sparkling Home
    Monday, 27, Jun
    GROWTH by NCRC Managing Director Ed Gorman Leads Affordable Homeownership Session at NCRC’s Just Economy Conference
    Friday, 15, Apr
    Many Americans Resort to Risky Financing to Purchase a Home
    Friday, 1, Apr
    From Wall Street: Forget Owning. Rent the American Dream Instead
    Saturday, 26, Mar
    GROWTH Story: Why Our Life-Changing Mission is so Important to Me.
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    Tips for Single Parents Looking to Buy a Home
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    Birmingham Mayor Woodfin, GROWTH by NCRC Deliver Affordable Homeownership

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