Frank Dodd and new construction financing and Trump

[Ralph R.]

As everybody knows there is a huge shortage of inventory in many areas of the country.  I have been able to stay ahead of this shortage by investing in different areas.  Most of these areas have had big rent increases, as well as severe housing shortages. While that is a good thing as far as being a landlord is concerned, as I am able to raise rents and have fewer vacancy's it is a double edge sword.  It makes it pretty tough to add to my portfolio. 

In talking to a Realtor today he told me that there was a severe shortage of housing in his city.  I already knew this from my research there.  According to pad mapper and rent-o-meter there are 2 available rentals there, while in another city (over 20,000 population), I am seeing only 1 available rental.  I usually take these numbers with a grain of salt, but I know them to be indicating the truth as I have multiple properties in these areas.

Neither city has any new construction going on.  when I asked the realtor about this he indicated that Frank Dodd has made it very difficult for banks to lend to developers for new construction and development of new residential properties.  my questions are:

1) Does Frank Dodd indeed contain lending restrictions for banks lending to new construction?

2) If Frank Dodd is in fact making financing difficult for developers to develop new properties, do you see any relief coming from the Trump administration in the near future?

RR