US Government Allocates USD 85M for Affordable Housing

USA: The Biden administration has allocated USD 85 million to 21 state and local governments to support the development and preservation of affordable housing units. This funding, part of the new Pathways to Removing Obstacles (PRO) to Housing program, aims to update housing plans, revise land use policies, and streamline the permitting process.

The initiative, introduced in the fiscal 2023 appropriations bill, is designed to address high housing costs, particularly affecting younger voters, and represents a key strategy in the administration's broader housing policy efforts.

Source: Construction World