White House Ties Transit Funds to Affordable Housing | GlobeSt

2022-05-19 07:43:56 By : Ms. Aileen Lee

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The Biden Administration has released a new Housing Supply Action Plan that aims to “close the housing supply gap” within five years—citing Moody’s estimate of a national supply shortage of more than 1.5M homes—and to create hundreds of thousands of affordable housing units in the next three years.

The action plan instructs the US Department of Transportation to prioritize federal infrastructure funding for transit-oriented projects that include residential developments with affordable housing.

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