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Biden Admin. Releases Housing Action Plan

Dated: May 18 2022

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Biden hopes to close the housing supply gap within five years. He announced immediate changes, but the extensive plan requires some congressional action.

WASHINGTON – The White House released a comprehensive Housing Supply Action Planthat he hopes will alleviate the current housing shortage within five years by boosting the supply of housing in every community.

While a few changes are immediate under presidential powers, Congress would need to enact legislation to achieve some of Biden’s goals.

“While the policies cover a wide range of issues and agencies, most are intended to do one thing: Make it easier and more economical to build affordable housing,” said Jim Parrott, a former Obama administration housing adviser, told The Wall Street Journal. “The total effect should be considerable.”

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Jose Gregorio Sabino

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