Why housing could be a bipartisan win under divided government
“They haven’t enacted much other significant legislation, so it continues to be an area where there is bipartisan support and the ability for the two parties to work together to come up with solutions that can help everyday Americans,” he said. “Particularly those that are really, really struggling to buy a home in today’s market.”
Industry leaders have already begun conversations on Capitol Hill as to what they’d like to see in the next housing legislation. Green thought the Road to Housing Act and the Oct. 22 executive order were good first steps, with more possible.
“When you look at divided government, you look at these kinds of policies and these kinds of things and how they might be expanded,” Green said. “Those might be some easy wins to do on a bipartisan basis. So it’s encouraging when you see the Road to Housing Act followed by this executive order, understanding those may just be first steps and then maybe we get something even broader going forward.”
What could come next
Loan officer compensation could be a harder sell with Democrats, Green said, because they may see some possibility for abuses. He sees a narrower version of the idea as the easier path.
“At least being able to meet competition is really, really important,” he said. “If that’s presented in the right way, you could definitely get some bipartisan support with respect to it.”
