"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 BreakdownA 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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