Note: Single-source report; awaiting corroboration.
President Donald J. Trump proclaimed National Homeownership Month, emphasizing his Administration's commitment to making housing more affordable so that young Americans and hardworking families can own homes. The statement criticized previous policies and challenges such as excessive spending, burdensome regulations, mass illegal immigration, and institutional investors increasing housing prices and reducing supply.
According to the proclamation, the Administration has taken steps to reverse these trends since Trump returned to office. These include signing an Executive Order to relieve housing costs amid the current cost-of-living crisis and initiatives to increase housing supply and affordability for working families.
The Administration has directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to help reduce borrowing costs. A ban on large institutional investors buying single-family homes was also implemented to keep more houses available to American families.
The Stopping Wall Street from Competing with Main Street Homebuyers Executive Order directs federal agencies to prevent large corporations from using government-backed resources to outbid individual homebuyers and enhances antitrust enforcement to address rental and pricing manipulation.
President Trump also urged Congress to make these housing reforms permanent through the bipartisan 21st Century ROAD to Housing Act, described as the most comprehensive housing legislation in US history. The proclamation concluded with a pledge that America will remain a nation where homes belong to families, and that these efforts will continue until every hardworking citizen can own a home.