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Federal Housing Spending and Homeownership Affordability Analyzed

A report from Open The Books reveals that despite significant federal spending on housing programs, homeownership has become increasingly unaffordable in the U.S. over the last decade. The analysis found that home prices have consistently outpaced median household incomes across all states, leading to a widening affordability gap. The Department of Housing and Urban Development responded by emphasizing its efforts to reduce regulations and support local solutions.