Biden Administration to Announce Action Plan for Affordable Housing

The Biden administration is announcing an action plan aimed at boosting the supply of affordable housing today. The actions being announced will help close the affordable housing gap and ‘ease the burden of housing costs’. Among the new policies are steps to leverage existing federal funding to encourage state and local reform, zoning and land use policies. The administration will also take steps to improve federal financing mechanisms for manufactured housing, multi-family housing, and the construction and rehabilitation of single-family homes. There are also steps to finance or produce more manufactured housing, accessory dwelling units, 2-4 unit properties and smaller multi-family buildings.