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Fed Paper Links Immigration to Housing Costs | Annapolis News
A new Federal Reserve working paper is igniting national debate, linking the surge in illegal immigration between 2021 and 2024 to rising home prices and rents — though it’s a preliminary draft, not official policy. The findings coincide with a HUD report revealing a historic six-million jump in foreign-born residents, fueling claims from former Trump officials and HUD Secretary Scott Turner that undocumented immigrants are driving up housing costs, especially in California and New York. The research adds urgency to a heated conversation about affordability, immigration, and economic…
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