Biden Administration’s Plan for an Affordable Housing Market

Biden’s Build Back Better Agenda; construction and rehabilitation of more than one million affordable housing units over the next several years.

According to Multi-Housing Market News, Biden’s Build Back Better program includes the expansion of the Low-Income Housing Tax Credits, as well as major investments in the HOME Investment Partnerships Program, the Housing Trust Fund and the Capital Management Fund. Additionally, agencies across the federal government are taking action to expand the affordable housing stock over the next three years. This includes relaunching the Federal Financing Bank and HUD Risk Sharing program, increasing Fannie Mae and Freddie Mac’s LIHTC investment cap, and making funding available for affordable housing production under the Capital Magnet Fund.

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