/ Modified jan 5, 2015 9:50 a.m.

Obama Coming to Phoenix to Discuss Housing Affordability

President will arrive Wednesday, speak Thursday; he may address first-time homebuyers' getting mortgages.

President Barack Obama spot 3 President Barack Obama
whitehouse.gov

President Barack Obama will visit Phoenix this week to discuss housing affordability, the White House announced. Details of where he will speak have yet to be announced.

Obama is expected to roll out new executive steps and proposals for Congress on home ownership in his Phoenix speech. It will come after a day in Detroit, where he is expected to discuss higher education and manufacturing jobs.

Five years ago in a speech in Mesa, the president rolled out a $75 billion federal housing plan called Making Home Affordable.

Arizona and much of the nation were in the midst of a housing market meltdown at the time, with foreclosures at all-time highs. Since then, Arizona foreclosures have returned to pre-recession levels.

By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
AZPM is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona