CityLab Housing, August 13, 2024, Biden Invests $100 Million To Fuel Housing Construction
The White House is announcing $100 million in grants to state and local governments to spur the construction of new housing, one of a host of new administrative actions to boost housing supply.
The Biden administration has witnessed record levels of housing production, driven by a pandemic-era boom in apartment buildings. More housing units are under construction now than at any point in half a century — some 60,000 multifamily units were completed in June alone — and rents are stabilizing in some areas as a result.
