White House Releases Plan to Increase Housing Supply

The Biden administration on Monday announced a plan aimed at increasing housing availability and lowering costs for renters and homeowners.

The White House released the “Housing Supply Action Plan,” which would include legislative and administrative actions that the administration said would help close America’s housing supply shortfall in 5 years.

The plan will start by creating and preserving hundreds of thousands of affordable housing units in the next three years, the release added.

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