"Housing is Infrastructure" Act could bring $100 billion to affordable housing


California Senator and presidential contender Kamala Harris and California Representative Maxine Waters have introduced the "Housing is Infrastructure Act," a $107 billion bill that aims to upgrade and expand affordable housing across the country. The bill is the latest in a series of efforts geared toward bringing new sources of funding for the retrofitting and expansion of America's affordable and public housing stocks. 

Funding Breakdown

A breakdown of the funding package highlights the wide-ranging and targeted nature of the proposal. The package, for example, aims to bring $70 billion to a Public Housing Capital Fund that would be tapped to build new public housing units and renovate existing public housing complexes, CNBC reports. $10 billion would head to the Community Development Block Grant program to focus on eliminating zoning impediments and "other requirements that limit affordable housing development," CNBC writes. In addition, $6 billion in funding would serve to fina...

Antonio Pacheco via Archinect - News http://bit.ly/2LeHeDJ

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