MBA Statement on the Biden Administration’s Announcement Regarding Increasing Affordable Housing Supply

CONTACT
Rob Van Raaphorst
rvanraaphorst@mba.org
(202) 557-2799

WASHINGTON, D.C. (September 1, 2021) - MBA President and CEO Bob Broeksmit, CMB, released the following statement about President Joe Biden's announcement regarding increasing the affordable housing supply:

"MBA strongly supports the administration's efforts to increase the housing supply by encouraging the construction and rehabilitation of affordable apartments and homes for renters and first-time buyers.  

"The lack of supply is a huge problem, and HUD and FHFA should do what they can administratively while Congress considers more significant initiatives. MBA looks forward to continuing to work with the administration, Congress, and all other stakeholders on ways to address supply constraints and ensure government programs appropriately complement private capital to help both renters and homeowners."