The Biden-Harris administration is taking new action to lower housing costs, with a focus on helping Black and Brown communities. They announced $100 million in grants through the PRO Housing Program, aimed at removing barriers to affordable housing. This will directly impact urban areas where many Black and Brown families are, helping to build and preserve affordable homes faster.
Additionally, new measures will make it easier and cheaper to develop housing near public transit and convert commercial properties into residential units. These actions are part of a broader effort to tackle the housing crisis, ensuring that more homes are built quickly and affordably, especially in communities that have historically faced underinvestment.
The administration’s moves also include providing more predictable interest rates for housing projects and streamlining the process for federal housing development, which could lead to thousands of new housing units across the country — crucial steps in making affordable housing more accessible to everyone.
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
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