The Biden administration on Monday announced a plan aimed at increasing housing availability and lowering costs for renters and homeowners.
The White House released the “Housing Supply Action Plan,” which would include legislative and administrative actions that the administration said would help close America’s housing supply shortfall in 5 years.
The plan will start by creating and preserving hundreds of thousands of affordable housing units in the next three years, the release added.
“When aligned with other policies to reduce housing costs and ensure affordability, such as rental assistance and downpayment assistance, closing the gap will mean more affordable rents and more attainable homeownership for Americans in every community,” the release said.
“This is the most comprehensive all of government effort to close the housing supply shortfall in history.”
The announcement said the administration would:
- Reward jurisdictions that have reformed zoning and land-use policies with higher scores in certain federal grant processes.
- Deploy new financing mechanisms to build and preserve more housing where financing gaps currently exist.
- Expand and improve existing forms of federal financing, including for affordable multifamily development and preservation.
- Ensure that more government-owned supply of homes and other housing goes to owners who will live in them – or non-profits who will rehab them – not large institutional investors.
- Work with the private sector to address supply chain challenges and improve building techniques to finish construction in 2022 on the most new homes in any year since 2006.
“As his Action Plan reflects, President Biden believes the best thing we can do to ease the burden of housing costs is to boost the supply of quality housing,” the release said. “This means building more new homes and preserving existing federally-supported and market-rate affordable housing, ensuring that total new units do not merely replace converted or dilapidated units that get demolished.”
The announcement said Biden continued to urge Congress to pass investments in housing production and preservation.
The White House urged lawmakers to pass Biden’s “Unlocking Possibilities Program,” which was passed last year by the House and would establish a new $1.75 billion grant program through the Department of Housing and Urban Development.
Congress also was encouraged to pass Biden’s 2023 budget, which includes a proposal for $10 billion in HUD grants to increase accessibility to affordable housing.
Original Article: https://www.newsmax.com/newsfront/biden-white-house-housing-renters/2022/05/16/id/1070014/
6 thoughts on “Biden Will Build More Homes So You Can Afford Your Rent”
Can this administration get any more stupid? Is it possible we are all in Alice and Wonderland and we’ve gone down the rabbit hole?
Really? Thinking that real American citizens are not his priority, biden will be building ‘affordable’ living spaces for illegals and most likely in areas that are middle and upper class just like what Obama wanted to do…..
Anyone who thinks this is for Americans benefit is sadly mistaken.
The places that should put up low income or affordable housing is near the homes of the democrats who make these dumb plans. Let them see how it is to have this in their neighborhoods. Of course they have walls and security details unlike the rest of us.
You can bet – if the gummit is gonna ‘build’ a bunch of homes, then probably 1/2 won’t have plumbing and/or water…………
They don’t need plumbing, the people he’s building them for are used to living like that, they are nothing but democratic votes, pawns. And remember, HE is not building or paying for them, WE AMERICAN TAX PAYERS WILL BE PAYING AND PAYING AND PAYING. I’m convinced at this point someone is committing elder abuse on Joe, and they are getting more and more stupid, they blame everything on white supremacy and Jan.6, our government is a JOKE
What are the specific quality requirements for these government housings to be considered as Quality Housing?
Since when have Government agencies been able to build anything of any value?
Who will be evaluating these “Quality” housings? I suspect it will be the same persons who build them, or the agencies that order their build. I do not expect any professional independent organization who has the necessary capabilities to determine the Quality level will be required to evaluate these housing builds or their suitable location.
I anticipate that areas having electricity supply problems/difficulties, and or water supply availability, such as California, would have major requests for new housing builds under this plan.
There are some interesting time limits in this article but I don抰 know if I see all of them center to heart. There’s some validity but I’ll take hold opinion till I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as well