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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The Trump administration has rescinded the Affirmatively Furthering Fair Housing rule, an Obama-era policy aimed at curbing discriminatory housing practices and racial segregation.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Reality check: Trump's appeal to the "Suburban Lifestyle Dream" plays to a vision of suburbia that might be outdated in an era when Black Lives Matter signs line so many lawns.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."

Biden will reverse Trump's attempt to lift COVID-related travel restrictions

Photo: Tasos Katopodis via Getty

The incoming Biden administration will reverse President Trump's last-minute order to lift COVID-19 related travel restrictions, Jen Psaki, the incoming White House press secretary, tweeted.

Why it matters: President Trump ordered entry bans lifted for travelers from the U.K., Ireland, Brazil and much of Europe to go into effect Jan. 26, but the Biden administration will "strengthen public health measures around international travel in order to further mitigate the spread of COVID-19," Jen Psaki said. Biden will be inaugurated on Wednesday, Jan. 20 and Trump will no longer be president by the time the order is set to go into effect.

Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

Photo: Stephen Maturen/Getty Images

Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.

Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sidney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.