Ben Carson Says HUD Is Focused on Helping Millennials

The video discusses the FHA's efforts to support condominium ownership as a step into homeownership, particularly for millennials. It highlights the challenges millennials face with debt-to-income ratios and student loans, and explores innovative housing solutions like modular homes. The video also emphasizes the importance of breaking down silos between departments to address these issues collaboratively.

What is one of the first steps into homeownership according to the FHA?

• Investing in stocks

• Purchasing a condominium

• Buying a luxury car

• Renting an apartment

What innovative housing solution is mentioned that could reduce costs?

• Building skyscrapers

• Using 3D printing technology

• Transportable modular homes

• Underground housing

What is identified as a major barrier for millennials in buying homes?

• High credit card debt

• Rising rental prices

• Student loan obligations

• Lack of job opportunities

Which departments are mentioned as working together to address homeownership challenges?

• Treasury and HUD

• Department of Education and Department of Defense

• Department of Transportation and Department of Energy

• Department of Agriculture and Department of Commerce

What is a key strategy mentioned for improving inter-departmental collaboration?

• Hiring more staff

• Breaking down silos

• Implementing stricter regulations

• Increasing budget allocations