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Comment

I grew up in a somewhat rural environment with little to no job opportunities that would allow me to afford a home. Utilizing this experience and empathy for those in underserved communities, I believe our focus is off track. Just because someone is in an underserved community does not mean they necessarily have a low credit score or that just because someone is white they have a high credit score. If we are going to incentivize anything it should still involve fiscal responsibility. This seems to me that it could incentivize further financial irresponsibility. How is the FHFA incentivizing builders to build affordable housing in these underserved areas? The vast majority of homes being built today are too big and too costly for lower-income individuals to afford. I agree that home ownership is one of the best ways to build wealth and I think that providing this opportunity to underserved communities will open the door for less inequality in the future. The vast growth in inequality that we have seen in the last 20 years has been due to the easy money policy that has driven those with assets wealth higher and increased the difficulty for others to afford a home. We are seeing interest rates rise to levels that haven't been seen since 2008 and you think now is the best time to implement this policy? The system is fragile enough as is and I believe the cooling in inflation and incentive to save for the first time in a long time will naturally correct a lot of the issues we have seen growing.