Federal legislation could spur the creation of up to 1 million affordable housing units through tax incentives, deregulation, and expanded Opportunity Zones, but the U.S Department of Housing and Urban Development is facing steep budget cuts. While investors welcome deregulation and new opportunities, housing advocates warn that slashing key subsidies like Section 8 could harm low-income families, seniors, and veterans. The final impact depends on how Congress balances political pressures with the nation’s growing housing needs.
Source: https://www.multihousingnews.com/all-eyes-fixed-on-federal-housing-proposals/
