More promising news from our federal government (with thanks to the National Low Income Housing Coalition for the summary):
President Joe Biden announced on March 31 his priorities for the “American Jobs Plan,” an approximately $2 trillion infrastructure and recovery package that includes robust resources for housing. The “American Jobs Plan” includes $213 billion “to produce, preserve, and retrofit more than two million affordable and sustainable places to live…through grants, formula funding, targeted tax credits and project-based rental assistance.” The proposal includes $40 billion to make much needed repairs to public housing, resources to support homeownership and weatherize homes, and new incentives to encourage communities to eliminate exclusionary zoning and harmful land-use restrictions.
Read more of this article here
We will keep you posted on what we can do to make this proposal the law of the land – it’s possible!
