President announced a plan on Monday to make housing more affordable, particularly for first-time homeowners and for renters being gouged by high . The proposal will expand federally backed financing for affordable housing, focus on building and preserving rental housing for low- and moderate-income families, and start a test program to fund construction of tiny homes to increase the housing supply.The administration is also examining increasing funding for manufactured homes, which are constructed in factories and then shipped to destinations. And officials will work with the private sector to address challenges and improve building techniques to finish construction in 2022 on the most new homes in any year since 2006, the said.
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