Biden Administration Proposes Affordable Housing Measures
Biden Administration Proposes Affordable Housing Measures
Biden Administration Proposes Affordable Housing Measures
News summary

A coalition of Democratic lawmakers has reintroduced the American Housing and Economic Mobility Act, aiming to build or rehabilitate nearly 3 million housing units over the next decade, which could lower rents for lower-income and middle-class families by 10%. This proposal, primarily funded by adjustments to estate tax thresholds, has garnered support from multiple Democratic senators and representatives. Concurrently, President Biden is pushing for rent caps on corporate landlords and more affordable housing initiatives, responding to the high percentage of renters burdened by costs. Biden's plan includes denying tax credits to landlords who raise rents above 5% annually, potentially affecting over 20 million renters. In local developments, Dallas is updating its land use plan amid debates over density and neighborhood compatibility, while Northeast Ohio sees a rise in high-end apartment constructions amid concerns regarding gentrification. Lastly, the Biden administration plans to sell federal land near Las Vegas for affordable housing, under a program that aims to provide homes for first-time buyers at below-market rates.

Story Coverage
alt
Newsweek
$
Center
Memo to Biden & Harris: Rent Controls Will Make Our Housing Crisis Worse
alt
Newsmax
Right
As Long as Biden Borrows, Spends - No Affordable Housing
Bias Distribution
50% Right
Information Sources
27aa3b97-dde4-4264-bee6-0c66d3641e74538ad27c-7e41-4215-a5e1-3c6c21cfd9ff
Center 50%
Right 50%
Coverage Details
Total News Sources
2
Left
0
Center
1
Right
1
Unrated
0
Last Updated
46 days ago
Bias Distribution
50% Right

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
AI Assistant
Story Coverage
alt
Newsweek
$
Center
Memo to Biden & Harris: Rent Controls Will Make Our Housing Crisis Worse
alt
Newsmax
Right
As Long as Biden Borrows, Spends - No Affordable Housing

Related Topics

Subscribe

Stay in the Know, Subscribe to Our News

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News