May 16, 2022

By: Georgia Kromrei, HousingWire

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The Biden administration today unveiled a plan that it says will “help close” the housing supply gap, which one 2021 tally put at 1.5 million homes, in five years.

The government would not build any houses. Instead, it will expand sweeteners and reduce regulatory hurdles so that the private sector will produce the needed homes. The plan is in addition to measures the federal government announced in September 2021 that the federal government said would create 100,000 homes in three years.