The Plan will help renters who are struggling with high rental costs, with a particular focus on building and preserving rental housing for low- and moderate-income families. This is the most comprehensive all of government effort to close the housing supply shortfall in history. When aligned with other policies to reduce housing costs and ensure affordability, such as rental assistance and downpayment assistance, closing the gap will mean more affordable rents and more attainable homeownership for Americans in every community.
His plan includes legislative and administrative actions that will help close America’s housing supply shortfall in 5 years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years. Today, President Biden is releasing a Housing Supply Action Plan to ease the burden of housing costs over time, by boosting the supply of quality housing in every community. New Biden-Harris Administration Housing Supply Action Plan To Help Close the Housing Supply Gap in Five YearsĪs President Biden said last week, tackling inflation is his top economic priority. Get Involved Show submenu for “Get Involved””.
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