A chronic shortage of housing is continuing to drive up rentals and lingering consumer price inflation, contributing to a delay in Federal Reserve interest rate cuts. The Biden administration on Wednesday announced the award of $85 million in housing funds to 21 state and local governments for a new program aimed at helping them remove barriers to the development and preservation of more affordable housing units.

BING NEWS:
  • U.S. Senate panel probes federal government’s role in affordable housing crisis
    The speaker of the Rhode Island House described how his state has tackled affordable housing and how it could be a model for local and state governments.
    09/25/2024 - 10:04 am | View Link
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