Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Dr. Christopher Herbert (Freddie Mac Board Member/Harvard Housing Center) and Dr. Robert Deitz (NHBA Chief Economist) identify the shortage of starter single family homes (approximately 1600 sf or less) as large contributors to the affordable housing problem.

Reasons: (1). Zoning boards and local communities typically desire larger footprint homes
(2). Lack of condo and townhouse building
(3). Most Multifamily built tends to be high density high rise in central business districts and not garden style apartments and modest income apartments in the suburbs.