Biden is seeking to alleviate the housing shortage with a $5 billion carrot without a stick approach

President Joe Biden is seeking to alleviate the shortage of affordable housing nationwide by lobbying local governments to allow apartment buildings in neighborhoods that are currently limited to single-family homes.

The $5 billion plan could pump the White House into a debate between older homeowners and younger workers seeking to gain a foothold in America's most expensive city, with many families spending a third or more of their income on housing.

The proposal, which will provide financial incentives to local governments that change zoning laws that limit many neighborhoods to single-family homes, is an example of the kind of sweeping social policy changes that Democrats are including in the dollar infrastructure bill. 2 trillion Biden.

CTM NEWS

8 April 2021