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David Dworkin argues housing affordability is the worst it’s been is most people’s lifetime.

President Biden’s landmark move to wipe out billions in student loan debt has drawn criticism and praise from all corners.

The findings, which uses information from the National Housing Conference’s Paycheck to Paycheck database and the Bureau of Labor Statistics, identified the ten most common professions in the Las Vegas metropolitan area, which totalled 24.7% of the area’s 918,670 workers, and in the Reno-Sparks area, where the ten most common occupations totaled 23.9% of 225,650 workers.

A National Housing Conference affordable housing estimate places the annual income needed to afford the mortgage of a median-valued home with a 10 percent down payment in the Reno metro area at about $121,890. For a median-valued home mortgage with a 3 percent down payment in the area, the annual income necessary increases by slightly more than $7,000, as a smaller down payment typically triggers higher recurring monthly costs.

“Fannie Mae and Freddie Mac as successor organizations to the Federal National Mortgage Association have a historic responsibility for redlining,” said Dworkin. “And they can fulfill that responsibility to right past wrongs, that is part of the spirit of [the Equal Credit Opportunity Act], without unrealistically expecting modern banks to volunteer mea culpas.”

“The growth of investor-owned, single-family rentals has been a real issue for homebuyers in many but not all markets,” says David Dworkin, president, and CEO of the National Housing Conference. “In many cities, the share of large investors has been growing in leaps and bounds.”

David Dworkin, president and CEO of the National Housing Conference, also praised her recent work as acting director. “In less than a year, she has led the rewrite of Fannie Mae and Freddie Mac’s Duty to Serve plans to expand the enterprises’ activity in underserved markets, and created a new Equitable Housing Finance framework to increase lending in markets not covered by the Duty to Serve program,” he said. “I have every confidence that she will continue to prioritize sustainably expanding racial equity and access to affordable housing now that she has been confirmed.”

National Housing Conference CEO David Dworkin applauds their steps. “What the administration is doing is its saying, so what are the federal levers that are going to make a difference,” Dworkin said.

David Dworkin, president and CEO of the National Housing Conference, applauded Gordon’s confirmation. “Julia Gordon brings deep experience to address the significant challenges that face FHA,” he said. “If we are going to succeed in closing the racial homeownership gap, FHA must be in the forefront. Through her leadership of the National Community Stabilization Trust, she has a nuanced understanding of local housing markets and how they can function sustainably even when under stress. She also has the skills, experience, and relationships to bring people together, both within FHA and among stakeholders, to address challenges collaboratively and effectively.”