July 24, 2020

Trump administration to end AFFH fair housing rule

6 minutes

In today’s Daily Download episode, HousingWire covers The Trump administration’s plan to abolish the Obama-era AFFH fair housing rule.

For some background on the story, here’s a summary of the article:

The Trump administration will terminate the Obama-era rule regarding the implementation of the Affirmatively Furthering Fair Housing, or AFFH, provision of the 1968 Fair Housing Act, according to Housing and Urban Development Secretary Ben Carson.

In a press release issued on Thursday, Carson alleged the provision has proven “to be complicated, costly, and ineffective.”

“After reviewing thousands of comments on the proposed changes to the Affirmatively Furthering Fair Housing (AFFH) regulation, we found it to be unworkable and ultimately a waste of time for localities to comply with, too often resulting in funds being steered away from communities that need them most,” said Secretary Carson in the release. “…Washington has no business dictating what is best to meet your local community’s unique needs.”

The 2015 rule requires cities and towns that receive federal funding to examine local housing patterns for racial bias and design a plan to address any measurable bias.

Following the main story, HousingWire covers a report from TransUnion that indicates the percentage of accounts in financial hardship began to level off in June, and a report from ATTOM Data Solutions that claims profits on home sales rose 16% in the second quarter of this year.

The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

HUD to abolish Obama-era AFFH fair housing rule

TransUnion: the percentage of accounts in financial hardship began to level off in June

Seller’s market: Profits on home sales climb 16% in second quarter for a total ROI of 36%

...more