HousingWire Daily Julian Castro on AFFH termination and the future of fair housing
In today’s Daily Download episode, HousingWire covers an exclusive interview between HousingWire’s Editor-in-chief Sarah Wheeler and former Department of Housing and Urban Development Secretary Julian Castro about the Trump administration’s termination of the AFFH fair housing rule.
For some background on the story, here’s a summary of the article:
In the week since the Affirmatively Furthering Fair Housing Act was abolished, both HUD Secretary Ben Carson and President Donald Trump have commented officially and through social media about their reasons for abolishing the rule.Last Wednesday, President Donald Trump tweeted: “I am happy to inform all of the people living their Suburban Lifestyle Dream that you will no longer be bothered or financially hurt by having low income housing built in your neighborhood… Your housing prices will go up based on the market, and crime will go down. I have rescinded the Obama-Biden AFFH Rule. Enjoy!”
President Trump’s tweet on Wednesday ignited heated reactions from both sides of the fence. HousingWire’s Editor-in-chief Sarah Wheeler sat down with Julian Castro, HUD Secretary under Obama from 2014-2017 — to talk about the AFFH and what future he sees for it.
According to Castro, Trump’s comments are a naked ploy to drum up racial fears about people of color before an election that he knows he may lose.
Following the main story, HousingWire covers a report from Black Knight about the mortgage forbearance rate dropping to a three-month low and an announcement from the nation’s biggest purchase mortgage lender about dropping its rates to 1.875%
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.
HousingWire articles covered in this episode: