Originally published on July 27, 2023 by the White House.
resident Biden’s economic vision is about building an economy from the middle out and bottom-up, not the top down— that’s Bidenomics. A critical foundation of that vision, and the central goal of the Biden-Harris Administration’s Housing Supply Action Plan, is an economy where everyone has access to a safe and affordable home. That vision means lowering costs, including by building and preserving more housing, particularly for lower- and middle-income households. Today’s announcements will lower housing costs by tackling challenges that have stifled affordable housing for decades, as well as seizing immediate opportunities:
- Reducing barriers to building housing like restrictive and costly land use and zoning rules;
- Expanding financing for affordable, energy-efficient and resilient housing; and
- Promoting commercial-to-residential conversion opportunities, particularly for affordable and zero-emissions housing.