Published by Peter Lawrence on Wednesday, May 26, 2021 - 12:00am
Addressing the country’s infrastructure failings is again in the headlines. Recent Congressional hearings included housing, community development and renewable energy tax credits among the mechanisms that can be utilized to meet the Biden administration’s infrastructure investment goals. On May 18 the Senate Finance Committee hosted a hearing entitled, “Funding and Financing Options to Bolster American Infrastructure,” and the next day the House Ways and Means Committee hosted a hearing entitled, “Leveraging the Tax Code for Infrastructure Investment.” Both hearings provided the opportunity for Congressional members to discuss the Biden administration’s $2.25 trillion American Jobs Plan, an infrastructure proposal that that would address the country’s “traditional” transportation, energy and communications infrastructure provisions, while also investing in community development, climate change/green energy, and housing. Under the plan, as currently proposed, $213 billion would be invested to build, preserve or retrofit 2 million affordable homes.