Potential Impact of a Trump Second Term on U.S. Housing Market

A second Trump term could significantly impact housing in Chicago and Illinois, as inferred from his first term and the Project 2025 plan by Ben Carson. Key proposals include barring migrants from federal housing support, dismantling fair housing regulations, and cutting HUD funding, which could severely affect local housing programs. Many of these changes could be enacted without Congress, though funding cuts would require legislative approval. The potential dissolution of HUD would leave states like Illinois struggling to replicate its support, putting pressure on local governments to find alternative funding and protect vulnerable residents.