The major change, the President, will lower FHA mortgage insurance premiums; saving homeowners about $900 a year.
The President will talk about his plans during a speech at Central High School. The school got the call a few days ago, and they have been preparing for the visit ever since.
Final preparations are underway at Central HS, but there is a sense of excitement on campus, especially for some of the students who were lucky enough to get a ticket.
Phoenix Police have been on campus all day as well as White House staffers, preparing for Thursday's event.
"It was pretty exciting, it was a once in a lifetime opportunity to see him," said Javier Jiminez. Jiminez is one of the school's top students; he'll be in the crowd tomorrow. "I am trying to take a picture with him hopefully."
About 2,000 students attend Central High School, the students who weren't able to get a ticket will watch a video stream of the event from their classroom.
"We got the news on Monday I believe," said Debbie Kitcheyan. She's part of a group of eight students who will sing the National Anthem for the President. The group will be singing acapella, and they've been practicing since they got the news. "It was just kind of like go with the flow; we had to do what we needed to do to practice... I didn't expect him to come to Central, and it was amazing, and the fact we get to sing for him is just, I love it."
The President is set to speak around 10:30 p.m., you can expect Central Avenue outside the High School to be a very busy spot all morning.