Trump Administration Plans To Construct Nearly 4 Million Affordable Homes On Federal Land

To address the U.S. housing shortage, President Donald Trump has proposed utilizing a portion of the 650 million acres of federal land for new housing development.
What Happened: The Trump administration is setting up a task force to locate federal land that could potentially be used for affordable housing development. The task force will be co-managed by the Interior Department and the Department of Housing and Urban Development. The initiative’s goal is to open up large areas of federal land by transferring or leasing it to local governments for housing development, as detailed by The Wall Street Journal.
The American Enterprise Institute conducted a preliminary analysis, which indicated that the development of 512,000 acres of the Bureau of Land Management’s lots could result in the construction of three to four million new homes across western states like Nevada, Utah, California, and Arizona. …Full story available on Benzinga.com

Read Full Article