Biden Housing Sup
White House Housing Supply Action Plan: With home and rental prices increasing at an unprecedented rate and supply falling short of demand, the Biden Administration has created a plan to build more affordable housing and close the housing supply gap within the next 5 years. His plan includes incentives for land use and zoning reform, programs rewarding states and communities for implementing new affordable housing units, preserving multifamily rental units, and more. The outlined steps include immediate actions and longer-term plans, including an initiative where real estate-owned properties are first made available only to owner-occupants and non-profit organizations for a 30-day period.
Reward jurisdictions that have reformed zoning and landuse policies with higher scores in certain federal grant processes, for the first time at scale.
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President Biden’s plan will be unprecedented because there are now bonuses and incentives for regular people to buy and sell, rather than the projects being run by large companies. By lowering the bar of entry into affordable housing, this plan potentially changes the game for the lower and middle classes of America. This is partly because of his focus on financing non-traditional homes including manufactured housing, accessory dwelling units (ADUs), 2–4-unit properties, and multifamily buildings.
Supporting production and availability of manufactured housing.
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