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Financial Services chairman announces housing affordability hearing, urges easing barriers
Summary
Chairman French Hill said his committee will hold a hearing on housing affordability to explore how federal policy can spur construction and increase access to credit; he emphasized inflation and credit access as constraints.
Congressman French Hill, chairman of the House Committee on Financial Services, said the committee will hold a hearing on housing affordability to examine "how federal policy... could encourage housing construction development and also improve affordability." He identified inflation and access to credit as principal barriers.
Hill said removing federal barriers and expanding credit access are key levers to increase housing supply. He framed the problem in the context of recent inflation and monetary-policy changes and said the committee will seek data to inform any policy changes.
The chairman emphasized the importance of evidence-based study before changing federal programs, arguing that policymakers must understand unintended consequences and maintain competitiveness for financial institutions that support housing finance.
No dates or legislative proposals were announced in the interview. Hill said the hearing is a committee priority and will seek to identify federal actions that can be taken to increase construction and affordability without introducing new macroeconomic risks.
