Reported 8 months ago
US Treasury Secretary Janet Yellen announced an additional $100 million in funding over three years to boost affordable housing supply, aiming to address high housing costs and a chronic housing shortage. The funding will come from prior COVID-era investments in community lenders, and the Treasury is working on a new program to finance thousands more affordable housing units. Yellen highlighted that the housing supply shortfall has led to an affordability crisis, particularly affecting low-income and Black households.
Source: YAHOO