H
UD Secretary Turner is "just getting started" on implementing significant changes, with disaster relief, rental assistance, and fair housing programs at risk. Meanwhile, the CFPB remains in limbo, and the FHA faces potential cuts.

    Key points:

    * HUD continues to face big cuts, with more likely to come

    * Trump allies join the CFPB as senior leaders, while the FHA prepares for layoffs

    * Despite D.C. upheaval, the housing market shows no immediate effects

    HUD is being hit hard by federal spending and staffing reductions. Secretary Turner has vowed to "trim the fat" at HUD, with a focus on disaster recovery, fair housing, and other programs. The Office of Community Planning and Development, which supports major disaster-recovery efforts, is set to lose 84% of its staff.

    Other departments on the chopping block include:

    * The Office of Public and Indian Housing, which distributes rental assistance to over 3.5 million households

    * The Office of Housing, which counsels first-time homebuyers and helps borrowers navigate FHA lending

    * The Office of Fair Housing and Equal Opportunity, which enforces fair housing laws

    Proposed staff reductions for these departments range from 44% to 77%. HUD has also canceled $4 million in DEI-related contracts, sparking a lawsuit from the National Fair Housing Alliance.

    The CFPB is facing challenges as well, with Trump allies joining the agency and potential cuts on the horizon. The FHA is bracing for layoffs, which could disrupt mortgage lending to low-income consumers and first-time homebuyers.

    Despite the upheaval in D.C., the housing market appears unaffected so far. A recent review of MLS data found no evidence of a surge in listing activity in response to the layoffs.