Posted 11/22/2023, 4:18:57 PM
Cities Say New Federal Housing Measures Fall Short of Addressing Affordability Crisis and Urgent Needs
- Cities say federal housing measures in fiscal update don't reflect scale of need and crisis
- Update includes $15B for new housing loans starting in 2025 and $1B for affordable housing
- Cities need infrastructure investment to support new housing construction
- Measures welcomed but more urgent action needed for affordability, homelessness
- Building needed homes and communities a long-term effort requiring coordination