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flag A bipartisan House group introduced a bill to create a task force addressing housing affordability by studying key barriers to homeownership.

flag A bipartisan group of U.S. House members has introduced legislation to combat the housing affordability crisis by establishing an interagency task force involving HUD, USDA, VA, Treasury, and FHFA. flag The task force will study barriers to homeownership, including mortgage costs, construction, insurance, down payments, disaster resilience, and federal housing programs. flag Rising home prices outpacing income growth have made homeownership unattainable for many, with only 34% of Americans able to afford a home nationally and just 15% in California. flag The bill, led by Reps. Lou Correa, D-California, and Mark Alford, R-Missouri, aims to gather data and inform future policies to preserve the American dream of homeownership, especially for younger generations. flag It is part of the Congressional Real Estate Caucus’s broader effort to foster federal collaboration on housing solutions.

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