Ben Carson called for a “holistic” approach to addressing the nation’s affordable housing crisis as he offered his first extensive look at his housing vision for the country, according Affordable Housing Finance's Donna Kimura.
A retired pediatric neurosurgeon with little housing and government experience, he hammered the need for more public-private partnerships.
“The place where there is a lot of money is in the private sector. What we have to concentrate on is helping the private sector to recognize that, in the long run, the private sector does better when we develop all of our people,” Carson said.
Carson also addressed home ownership.
On the home ownership side, Carson was asked by Sen. Dean Heller (R-Nev.) if he believes in protecting the 30-year home loan mortgage.
Carson said the 30-year mortgage has enabled millions to achieve the American dream and “there are a number of ways to preserve that dream.” He also said he supports some type of “backstop” like Fannie Mae and Freddie Mac but is in favor of introducing more private entities into the market.