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Illustration: Aïda Amer/Axios

The Trump administration has rescinded the Affirmatively Furthering Fair Housing rule, an Obama-era policy aimed at curbing discriminatory housing practices and racial segregation.

Why it matters: The suburbs are where some of the fiercest zoning battles regarding affordable and multifamily housing are playing out across the country.

  • Suburban votes will also be crucial in the upcoming election.

What Trump's saying: "I am happy to inform all of the people living their Suburban Lifestyle Dream that you will no longer be bothered or financially hurt by having low income housing built in your neighborhood... Your housing prices will go up based on the market, and crime will go down," he tweeted Wednesday.

Catch up quick: The 2015 AFFH rule required communities that receive federal housing aid to also address racial segregation in their local housing practices.

  • Last week, the Department of Housing and Urban Development said the AFFH rule was "unworkable" for localities.
  • Democrats and housing advocates blasted the rule reversal. Sen. Elizabeth Warren called the move "blatant racism."

Reality check: Trump's appeal to the "Suburban Lifestyle Dream" plays to a vision of suburbia that might be outdated in an era when Black Lives Matter signs line so many lawns. But it also touches a nerve for homeowners who fear that steps to add affordable or multifamily housing will impact property value in their neighborhoods.

  • NYT reporter Conor Dougherty, who writes extensively about the housing crisis in the San Francisco Bay Area, summed it up on Wednesday:
  • "Watching Bay Area/SF pols try to squirm while rationalizing how they don't agree with Trump housing policies that are not so different from their own is some good Twitter," Dougherty tweeted.

Go deeper: Coronavirus could push more Americans to the suburbs

Go deeper

Dion Rabouin, author of Markets
Sep 30, 2020 - Economy & Business

Lower rates, less risk

Expand chart
Data: St. Louis Federal Reserve; Chart: Axios Visuals

Perhaps more important than sustained demand, the mortgage financing landscape now is "very different from 2006," Danielle Hale, chief economist for Realtor.com tells Axios.

By the numbers: She cites metrics like the Mortgage Bankers Association's mortgage credit availability index, which found credit supply at its lowest level since March 2014 in August, and well below where it stood in 2006, at "over 800."

In photos: Twin Cities on edge after Daunte Wright shooting

Demonstrators shout "Don't shoot" at the police after curfew on April 12 as they protest the death of Daunte Wright, who was shot and killed by a police officer in Brooklyn Center, Minnesota, a day earlier. Photo: Kerem Yucel/AFP via Getty Images

There were tense scenes in the Twin Cities suburb of Brooklyn Center Monday night, after demonstrators defied a 7 p.m. curfew to protest for a second night the fatal police shooting of Daunte Wright.

The big picture: The curfew was announced following a night of protests and unrest over the killing of Wright, 20, during a traffic stop Sunday. Following peaceful protests and a daytime vigil, police again deployed tear gas during clashes with protesters Monday night, according to reporters on the scene.

In photos: Life along the U.S.-Mexico border

Children at the border of the Puerto de Anapra colonia of Ciudad Juárez, Mexico, hang on a border fence and look to Sunland Park, N.M. Photo: Russell Contreras/Axios

Axios traveled to McAllen and El Paso, Texas, and Ciudad Juárez, Mexico, to see how the communities are responding to an increase of migrants from Central America.

Of note: The region in South and West Texas are among the poorest in the nation and rarely are the regions covered in depth beyond the soundbites and press conference. Axios reporters Stef Kight and Russell Contreras walked the streets of McAllen, El Paso, Texas, and Ciudad Juárez to record images that struck them.