White House rewrites rules to push more affordable housing with COVID-19 rescue funds

Econ & Housing

WASHINGTON — The Biden administration is expanding ways cities and states can use COVID-19 rescue funds to build more affordable housing amid skyrocketing home prices. New guidance from the Treasury Department Wednesday gives local and state governments greater flexibility to address affordable housing with their share of $350 billion in direct aid from the American Rescue Plan – President Joe Biden’s signature COVID-19 stimulus law that Democrats in Congress…

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