Inman Connect
President Joe Biden released a $2 trillion infrastructure plan Wednesday that conservatives immediately decried for its intent to raise taxes on businesses and progressives immediately complained was “not enough” to combat climate change. But real estate groups are praising the proposal for its focus on addressing the nation’s dire housing shortage.
The American Jobs Plan proposes a massive overhaul of the systems and facilities that make the country tick, including fixing and upgrading highways, bridges, ports, airports and public transit; eliminating lead pipes in drinking water systems, renewing the electric grid, and providing high-speed broadband to all Americans; building and retrofitting more than two million homes and commercial buildings and upgrading schools, childcare facilities, veterans hospitals and federal buildings; and investing in manufacturing, U.S. supply chains, research and development and job training.