A new homeship orders order has been approved by the US Federal Trade Commission for US homeshippers and their families.
The move is the first of its kind in the US and will allow millions of US households to be covered by a new housing finance programme.
The Federal Trade Commision approved the order in a hearing on Tuesday.
It was launched in January by the Trump administration and will offer households who earn between $10,000 and $125,000 an additional financial assistance for the first six months of a home’s ownership.
The offer will apply to both existing and newly built homes.
The commission also approved the first Homeowners’ Bill of Rights for new home buyers, which will give homeowners more rights to keep and sell their homes.
The order allows owners to cancel the order within six months, and they can then apply to the commission for a reprieve.
It is the latest effort by the White House to roll back protections that have existed in the housing market for more than three decades, as the US economy has been on the verge of a deep recession.
More than 60 million Americans have bought a home and about a million have bought through the new Homeowners Bill of Freedom, according to the US Census Bureau.