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President Calls for Affordable Housing Investments in State of the Union Address
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In the first State of the Union address of his presidency on March 1, President Biden called for increased investments in affordable housing to help counter the harmful impacts of inflation. “So many families are living paycheck to paycheck, struggling to keep up with the rising cost of food, gas, housing, and so much more,” stated President Biden. “My plan includes more affordable housing.”
“We cannot solve inflation in America without addressing one of its critical drivers: skyrocketing rents,” stated National Low Income Housing Coalition president and CEO Diane Yentel. “Nationally, rents are up a record 14 percent, with rents in some metro areas up more than 20 percent. People with the lowest incomes, disproportionately people of color, are most harmed. With rents rising, homelessness increasing, public housing deteriorating, and millions of families struggling to keep a roof over their heads, federal investments are badly needed and long overdue.”
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ACEH Weekly Digest for 3/2/2022
Please reach out to [email protected] if you have questions, suggestions, or resources you would like to share in the weekly digest.
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