Earlier this month, something happened in Washington DC that we rarely see. House, Senate and President agreed on something. I know…shocking, Right? Well, It happened.
A bill passed that fully funded HUD programs that millions of people rely on. Housing vouchers that help keep millions of people in rental units and off the street. National Flood insurance programs that wouldn’t exist, for the middle class, without Federal backing. Urban development block grants that incentivise builders to invest in inner city projects and more.
The National Assoc. of Realtors(NAR) advocated heavily in favor of the bill last year, so NAR is rightfully patting ourselves on the back for pushing successfully to get it done. Here’s an article explaining what was don and a few benefits of some of HUD’s many, now funded programs.
Whether someone you know can afford a decent apartment rental or afford insurance to protect their home during storms or high water, these programs help first time home buyers, existing home owners, tenants, landlords and more secure and keep their homes for the long term. Did you know there are flood zones in Brockton and many landlocked communities? It’s not just the coastline that needs to worry about flood insurance. Or how common housing vouchers are used to prevent homelessness?
I could go on and on about how these programs help everyday people. Even at current funding levels, it’s not enough to catch many who fall through the cracks or who give up because the system is slow. That said, it’s an imperfect system that does catch most of those in need. Thanks to the Federal Government for getting it done and for NAR pushing them to do it.
Have a great week and Have Fun.
Lew McConkey, Realtor/Notary
Brook Realty, Serving Whitman Hanson & Surrounding Towns
(781)252-9789
If you have questions about your place in the current Real Estate market, as a buyer, seller or Landlord,
Please feel free to call text or email for your free, no obligation consultation.
