Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed in February.
Many organizations took the time to welcome the new administration but did not shy away from reminding him of his campaign promises and the need for swift aid.
Danielle Samalin, CEO of Framework Homeownership, said the fight to uphold fair housing laws and address the racial wealth gap is far from over.
“We must be vigilant in our support of and outreach to the millions of vulnerable homeowners living precariously on the edge of a mortgage crisis due to the economic and health impacts of the COVID pandemic, and we must ensure that any COVID-19 response plan addresses these vulnerable homeowners,” Samalin said. “Finally, we must continue to invest in the long, hard work of acknowledging and repairing the inequities in our homeownership system.”
In particular, Samalin said her company will be especially focused on the future of the CFPB, Fannie Mae, Freddie Mac and the promised first-time homebuyer tax credit, which Samalin said will likely have a direct impact on the organization’s customers.
“We know that the Biden/Harris administration will be an advocate of fair housing policies and racial equity, and we look forward to what’s to come. The result of the election aligns well with our core mission and values, and while the implementation of new policies may change our tactics, it will not change our North Star,” Samalin said.
See the full article on affordable housing under President-elect Joe Biden.