Senate Passes HUGE Housing Act

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the new bill that Congress passed!

Today's article is from MortgageProfessional.com "Senate passes ROAD to housing act." This bill still needs to pass the house, but it is the administrations attempt to address affordable housing challenges. And, it's bipartisan! 

So what is in the bill? There's a to still uncover, but here's what we've found so far:
- Federal grants to help housing and builders
- Cutting of red tape 
- Zoning help
- Building housing in rural areas that have transit hubs
- Making it easier to bring in young appraisers. The cost of getting appraisers has escalated, and this should help with that
- Easing lending on tiny homes

There are around 35 different provisions in this bill. It's been over 10 years since bipartisan housing help has passed through the senate, and many amendments are strong immediate housing needs. 

Listen in as we discuss this and more!

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.