Realtors® Encouraged by White House Plan to Expand Housing Supply

WASHINGTON (September 2, 2021) – National Association of Realtors® President Charlie Oppler issued the following statement Wednesday after the White House unveiled plans to expand affordable housing.

"NAR applauds the administration's new effort to address America's housing supply crisis and to prevent the expansion of corporate landlords at the expense of homeownership," said Oppler. "Distressed homeowners should have the opportunity to buy-back their homes, but if not, other worthy homeowners should receive next priority. Affordable homeownership brings a magnitude of benefits to families, communities and our national economy, and now is the time to ensure we continue that support.

"According to a landmark report commissioned by NAR, even more work will need to be done. The administration's plan to make available 100,000 new homes is just a small fraction of the roughly 6 million units needed to fill the gap in housing supply. The current state of the market does not afford many Americans from low- and middle-income households the opportunity to purchase and own a home and continues to hold back the true potential of our market and our overall economy.

"NAR has long advocated for many of these policies; we are encouraged and grateful for the effort put forth by the White House," Oppler continued. "We look forward to continuing our close work alongside both Congress and the administration as we seek even more opportunities to expand access to the American Dream."

The National Association of Realtors® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.

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