Biden seeks to ease housing shortage with $5 billion carrot, no stick approach Reuters 2 hrs ago By Andy Sullivan and Jarrett Renshaw © Reuters/KEVIN LAMARQUE FILE PHOTO: President Biden speaks about jobs and the economy from the White House in Washington
By Andy Sullivan and Jarrett Renshaw
WASHINGTON (Reuters) - President Joe Biden is seeking to ease a national affordable housing shortage by pushing local governments to allow apartment buildings in neighborhoods that are currently restricted to single-family homes.
The $5 billion plan could inject the White House into a debate pitting older homeowners against younger workers seeking to gain a foothold in the most expensive U.S. cities, where many families spend a third or more of their income on housing.
Biden will hand over $5 billion to fix roads and bridges IF they build more affordable housing
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Biden seeks to ease housing shortage with $5 billion carrot, no stick approach | WSAU News/Talk 550 AM · 99 9 FM
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By Andy Sullivan and Jarrett Renshaw
WASHINGTON (Reuters) - President Joe Biden is seeking to ease a national affordable housing shortage by pushing local governments to allow apartment buildings in neighborhoods that are currently restricted to single-family homes.
The $5 billion plan could inject the White House into a debate pitting older homeowners against younger workers seeking to gain a foothold in the most expensive U.S. cities, where many families spend a third or more of their income on housing.
The proposal, which would provide financial incentives to local governments that change zoning laws restricting many neighborhoods to single-family homes, is an example of the sort of broad social policy changes Democrats are including in Biden s $2 trillion infrastructure bill.
Biden seeks to ease housing shortage with $5 billion carrot, no stick approach
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