The Trump Administration is moving to make good on its campaign promise to build 2 million new homes a year.
The Administration has released a blueprint for a $1 trillion plan that would build new homes by 2027.
The plan is part of the “Building New Homes” initiative, which is part a broader administration effort to boost construction in the US.
The Trump plan would fund the construction of a total of 4 million new houses over a five-year period, and would add 2 million more homes a month through 2020.
It would also add another 5 million homes annually by 2033.
It will be financed by the Federal Housing Administration, which would contribute about $500 million.
The new plan would be funded through the Mortgage Bankruptcy Relief Program, a $3.5 trillion program that helps homeowners and their families recover from foreclosure.
The White House says the plan would provide a $200 billion “fund for the first time in history to fund affordable housing investments.”
It would include $400 million for community development block grants, $400 billion for mortgage insurance and $250 billion for tax relief for small business owners.
The Federal Housing Finance Agency would contribute another $1.4 trillion in mortgage relief.
The $1 billion in tax relief is aimed at helping working-class Americans.
Trump has called for “further tax relief” for the middle class, and said that the tax plan is “an historic moment.”
The plan has been criticized by Democrats and the business community, as well as the National Federation of Independent Business, who say the plan is too generous to the wealthy.
But it is also supported by a growing number of Republican lawmakers.
A senior administration official said that in order to be effective, the plan has to be approved by Congress.
The official noted that the plan “does not contain any spending cuts.”
The official said the Trump administration will spend about $1,000 per household on “non-housing” and “nonhousing-related expenses” to help offset the costs of the plan.
The administration official added that the total plan will cost $1 for every $1 spent on non-housing.
The tax plan will add $1 to the cost of a home for every dollar spent on housing, the official said.
The source said the plan includes “federal property tax relief, a housing tax relief program, a tax on investment income, and tax relief on retirement income and investment gains.”
The Federal Reserve will also be helping fund the new plan, the source said.
“The new plan will provide tax relief to all households and businesses, and will offset the impact of the existing tax changes through the extension of existing tax relief through 2027,” the official added.
The government also will be providing $400 per month in mortgage interest subsidies to help homeowners get back on their feet, the administration official told Axios.
“FHA loans are being extended for the most low-income and senior homeowners,” the source added.
“This is a critical step to provide homeowners with financial assistance.”