Biden administration unveils new steps to increase affordable housing
- The Biden administration is taking new steps to increase access to affordable housing due to rising costs post-pandemic. Treasury Secretary Janet Yellen will promote these investments in Minneapolis.
- $100 million will be provided over three years for affordable housing financing and enhancing the Federal Financing Bank's support.
- Yellen emphasizes a significant housing supply shortage causing affordability issues. The administration aims to alleviate price pressures felt by families.
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Leaning Left9Leaning Right3Center41Last UpdatedBias Distribution77% Center