Nov. 12, 2024
As President-elect Donald Trump prepares to reenter the White House, California housing advocates are bracing for how a second term could impact the state’s notoriously high home prices, rents and rates of homelessness.
On the campaign trail, Trump promised to fix the country’s growing housing affordability crisis by slashing mortgage rates, reducing regulations and opening federal land for housing construction.
That’s a stark contrast to his first term when housing policy was largely absent from either major candidate’s presidential platforms. This time around, that’s changed, and Trump has recognized housing affordability is a problem, said Matthew Schwartz, executive director of the policy organization the California Housing Partnership.