Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Showing posts with label football player. Show all posts
Showing posts with label football player. Show all posts

Sunday, November 24, 2024

What will Donald Trump, Scott Turner do to HUD? Same thing Trump Did First Term, Cut the Budget and Programs, by Mary Cummins



Photo: Wikipedia, Donald Trump, Scott Turner, HUD, Mary Cummins, Real Estate Appraiser, 

Donald Trump nominated ex-football player, motivational speaker and Pastor Scott Turner to be the head of HUD. Scott was a Texas State Representative for the 33rd District for two terms. He was also on Trump's White House Opportunity and Revitalization Council during Trump's first term. In 2023 he was hired as Chief Visionary Officer (lobbyist?) at JPI a real estate company.

When Turner was on the White House Opportunity and Revitalization Council he co-produced a one year report. That report was the result of the Trump 2017 Tax Cuts and Jobs Act. It dealt mainly with plans to promote investments in Opportunity Zones. A final report released in 2020 stated they were involved in different grant programs. Trump cut the HUD budget at least 18% during his term so grant programs and funding were reduced. That appeared to be a name only PR council and report.

We can expect Trump to again cut the HUD budget. I personally feel some programs are vital and others should be cut. I'd like to suggest HUD cut the funds given to NFHA for defamatory advertisements trashing appraisers. They could also cut the funding for the improper sting operations and lawsuits regarding appraisers. They should also look into the false and frivolous appraiser complaints. Hire an independent real estate appraisal company to investigate to see if the values in question were market value or not. If they weren't, investigate. If they were, dismiss the complaint and send an all clear letter. So much money was wasted on this worthless programs that did not find appraiser bias.

Trump in his Project 2025 plan stated he'd get rid of PAVE. The PAVE Task Force is over and it didn't really change anything. The main purpose was to get black, Latino and lower income votes and to keep campaign promises about solving made up problems. Joe Biden lied and said appraisal bias was a huge problem causing wealth inequality. The real problem is income inequality causing wealth inequality. Biden said he alone could fix the fake problem if they voted for him. The fake problem didn't exist. 

We were already doing all of the suggested PAVE programs. We already had appraisal appeal aka Reconsideration of Value ROV processes. We already had mandatory bias, discrimination and fair housing education. We already had a complaint process. We were already planning a PAREA like solution to the mentorship program problems. The PAREA program is not yet successful with only a handful of graduates at huge expense. Appraisers are almost as diverse as real estate agents. The issue is high initial cost, time and inability to make a living in the current market. This goes back to income inequality. 

Most people think HUD has the power to solve the housing crisis. It does not. HUD only oversees housing programs and government backed mortgages. They have no control or jurisdiction over the real causes of the housing crisis which is insufficient number of housing units. That problem is caused by the states, counties and cities building requirements. It's not a Federal problem. 

Trump has made some suggestions for helping the housing crisis. He will most likely roll back the Inflation Reduction Act which mandated more energy efficient homes. I doubt the developers will trickle down those savings to the consumer. Trump also suggested using federal lands to build homes. Those lands aren't in areas where people want to live. The last time the government did that developers build shitty homes on swamp land such as Marin City. Trump said he'll reduce interest rates but he has no control over that Department. 

It will be interesting to see what Donald Trump and Scott Turner actually do with HUD. I predict they will just reduce the budget and cut programs like Trump did last time. Turner will do a lot of positive press and release a lot of positive reports while he obeys Trump and guts the Department as much as possible. 


Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


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