By Keith Griffith | Real Estate News
The Trump administration is considering emergency measures to address the housing affordability crisis that has left millions struggling to pay rent and priced out of homeownership, Treasury Secretary Scott Bessent said Monday.
“We may declare a national housing emergency in the fall,” Bessent told the Washington Examiner. “We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments.”
Bessent declined to list any specific actions under consideration by the president, but said that administration officials are studying ways to decrease closing costs and nationally standardize the local patchwork of building and zoning codes.
