- Bipartisan lawmakers have introduced a new initiative aimed at making homeownership more accessible for millions of first-time buyers in America.
- The initiative focuses on targeting the federal HOME program, which is designed to support affordable housing for middle-income Americans.
- A key aspect of the initiative involves shifting infrastructure expenses from developers to cities, with the goal of reducing overall housing costs.
- This strategic move is expected to alleviate the financial burden on developers, potentially leading to lower prices for homebuyers.
- The ultimate aim of the initiative is to revitalize the American Dream of homeownership, making it achievable for a broader segment of the population.
Source: https://www.foxnews.com/politics/bipartisan-plan-aims-make-american-dream-affordable-again-millions-first-time-homebuyers)