The White House is releasing a comprehensive Housing Supply Action Plan designed to ease the burden of housing costs by boosting the supply of housing in every community. NAR has been sounding the alarm for several years about the housing supply and affordability crisis and is pleased to see the Administration propose action to address these challenges.
Under the Plan, Congress and the Administration will:
While NAR applauds the release of this comprehensive plan, NAR also encourages the White House and Congress to consider stronger measures to create additional residential units, including tax incentives to convert unused or underutilized commercial property to affordable housing or condominiums and also tax incentives to increase the supply of construction workers.
President Biden Announces New Actions to Ease the Burden of Housing Costs (The White House, May 16, 2022)
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