|HUD No. 20-136
HUD Public Affairs
August 31, 2020
HUD SECRETARY BEN CARSON HOSTS AFFORDABLE HOUSING ROUNDTABLE AND VISITS HABITAT FOR HUMANITY IN NORTH CAROLINA
CONCORD, NC - U.S. Housing and Urban Development Secretary Ben Carson hosted a roundtable in an Opportunity Zone alongside U.S. Representative Richard Hudson (R-NC 8) with several leaders in the North Carolina housing market to discuss innovative solutions to increasing the Nationâ€™s supply of affordable housing.
Secretary Carson then visited a Habitat for Humanity Cabarrus County construction site alongside U.S. Representative Hudson as an example of community collaboration with the goal of increasing the affordable housing stock. Founded by churches over thirty years ago, Habitat for Humanity Cabarrus County has served nearly 1,400 individuals, 582 children and 559 families.
â€śHousing prices have risen to the level that there are many in the workforce who maintain a job, but still cannot afford a place to call home,â€ť said Secretary Carson. â€śThe Trump administration has been working hard to bring solutions to this problem. Last week, I was pleased to bring together leaders of innovation and deregulation in North Carolinaâ€™s housing market, and I thank Representative Hudson for his commitment to affordable housing for all."
â€śIâ€™m focused on finding solutions to provide affordable housing, economic investment, and more jobs for our community,â€ť said Rep. Hudson. â€śThrough measures like Opportunity Zones and the Affordable Housing Credit Improvement Act, Iâ€™m proud of the progress made by working with President Trump which we highlighted last week in Kannapolis. I appreciate Secretary Carson for coming to our community and look forward to working together to continue to improve our economy and expand opportunities for all Americans.â€ť
On June 25, 2019, President Donald Trump signed an Executive Order establishing the White House Council on Eliminating Barriers to Affordable Housing, and named Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson. The Council consists of members across eight Federal agencies and engage with State, local, and tribal leaders across the country to identify and remove the obstacles that impede the production of affordable homes â€“ namely, the enormous price tag that follow burdensome government regulations.
Research indicates that more than 25% of the cost of a new home is the direct result of Federal, State, and local regulations. For this reason, in recent years, the construction of new multifamily and single-family dwellings has not kept pace with the formation of new households. Census Bureau data indicates that from 2010 to 2016, only seven homes were built for every 10 households formed. As a result, Americans have fewer housing opportunities, including the opportunity to achieve sustainable homeownership, which is the number one builder of wealth for most American families.