Ben Carson

Supporters maintain hope that the Federal Housing Administration will revive a proposed premium cut, but a key obstacle remains: There's no one to run the agency.

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act.

Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.

The Senate Banking Committee voted unanimously to approve the nomination of Ben Carson as secretary of Housing and Urban Development, sending his nomination forward to the full chamber.