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Biden Unveils Plan to Boost Housing Stock for Renters, Buyers

May 16, 2022, 9:00 AM

The Biden administration on Monday released a “Housing Supply Action Plan” meant to help create thousands of affordable housing units in the next three years.

  • Administration urges local governments to dedicate more of their American Rescue Plan funds to build affordable housing
  • Biden officials will reward jurisdictions that have reformed zoning and land-use policies with higher scores when they apply for certain federal grants
  • Administration wants to make it easier to re-use federal properties as housing for the homeless. New regulations will be issued this summer
  • HUD, which oversees code for manufactured housing, will try to resolve inconsistencies with local ...