The Housing Supply Action Plan calls for easing use restrictions in homebuilding and converting commercial spaces to residential.
Citing housing affordability as an American issue, the White House announced new actions Thursday to address the housing crisis.
“For American families across the country, we know that building housing is complex, but we know that we need more housing, both on the rental side and the homeownership side,” Department of Housing and Urban Development Deputy Secretary Adrianne Todman said at the news conference. To ease supply issues, Todman said $85 million will be provided to local and state entities to plan and innovate neighborhoods. Another $10 million will be available to help tenant education. The plan also calls for more commercial-to-residential conversions that can add to the supply of housing and revitalize local economies.
In the months ahead, the administration said it will work with the private sector to address near-term constraints to supply and production.
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