Biden Seeks $318 Billion for Housing in Infrastructure Plan

Originally published on May 26, 2021, by Kriston Capps for Bloomberg CityLab.

Housing Secretary Marcia L. Fudge is making a stop on Wednesday morning at 18th and Vine, the intersection at the heart of Kansas City’s historic Jazz District. Backed by Missouri leaders, she’ll deliver remarks on a theme that she’s been repeating since her confirmation, in speeches, during testimony and over social media: “Housing is infrastructure.”

For the first time, Fudge will explain in detail the theory behind the refrain. On Wednesday, the White House is releasing its full plans for a surge in new housing spending as part of the American Jobs Plan. The proposal would invest $318 billion, including $105 billion in tax credits not previously disclosed, according to new details shared with Bloomberg CityLab. The goal is to expand the supply of safe, affordable housing across the country, creating thousands of jobs along the way.

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