By Olivia Lueckemeyer | Bisnow
A new Biden administration plan for tackling rising housing costs will take aim at municipal bureaucracy that limits construction.
The program, announced Thursday, calls for reducing land use and zoning barriers, expanding financing for affordable housing and unlocking more opportunities for commercial-to-residential conversions. The new initiatives dovetail with the administration’s Housing Supply Action Plan.
“Today’s actions … are a down payment on the historic housing investments proposed in the president’s budget that would boost supply, lower costs and cut dangerous climate pollution, promote homeownership, protect renters, and promote fair housing,” the White House said in a news release.
