Details of a $2 trillion infrastructure plan were released by President Biden today, including a dedication to build new affordable housing and to address the growing rent crisis.
The Fact Sheet written by the White House says that $213 billion will be invested “to produce, preserve, and retrofit more than two million affordable and sustainable places to live.”
Tackling growing rent prices for already existing housing units is another Biden Administration goal, but no specific plans are are mentioned.
Again with no specifics, the White House also plans to use an “innovative new approach to eliminate state and local exclusionary zoning laws.” These laws, which limit the types of homes that can be built in many areas, are criticized for keeping low-income renters in areas of low opportunity.
“The American Jobs Plan will invest in America in a way we have not invested since we built the interstate highways and won the Space Race,” the White House said in the Fact Sheet.
The American Jobs Plan will help low-income renters in a number of other ways too, both directly and indirectly. Other promises include to:
- “Create good-quality jobs that pay prevailing wages in safe and healthy workplaces”
- “Fix highways, rebuild bridges, upgrade ports, airports and transit systems”
- “Deliver…high-speed broadband to all Americans”
- “Modernize our nation’s schools and child care facilities”
- “Upgrade veterans’ hospitals and federal buildings”
An more in-depth review about the American Jobs Plan will be published soon.