White House announces plan to build 100K affordable homes

[mystery-ak]

White House announces plan to build 100K affordable homes

Says big investors are crowding out low- and middle-income families

 By Tom Howell Jr. - The Washington Times - Wednesday, September 1, 2021

The White House said Wednesday it will use existing federal funds to build and provide 100,000 homes to low- and middle-income buyers and nonprofits over the next three years to bolster supply that is often snapped up by deep-pocketed investors.

President Biden believes Congress can bolster affordable housing by approving his mammoth spending plan for families, but the White House said it “can’t wait to take action,” as economically battered Americans sought space during the coronavirus pandemic only to find tight supply and runaway home prices and rents.

“The large and long-standing gap between the supply and demand of affordable homes for both renters and homeowners makes it harder for families to buy their first home and drives up the cost of rent,” a White House fact sheet said. “Higher housing costs also crowd out other investments families can and should make to improve their lives, such as investments in education.”

more
https://www.washingtontimes.com/news/2021/sep/1/white-house-announces-plan-build-100k-affordable-h/

[LMAO]

This is desperation

This is not going to happen first of all. It’s just meant to distract from all the disasters, both domestically and internationally, on his watch

[DefiantMassRINO]

Will they be within reasonable commuting distance of jobs, schools, and hospitals?  Or will they be built in flood zones, former EPA Superfund sites, next to the airport, next to the highway, next to the railroad tracks, or next to the never-ending tire fire at an auto slavage yard?

[Cyber Liberty]

Of the 100K, not one will be a "single family dwelling."  They'll be high-rise buildings with concrete walls.  Slums inside of 5 years.

[DB]

Of the 100K, not one will be a "single family dwelling."  They'll be high-rise buildings with concrete walls.  Slums inside of 5 years.

Ya, but he'll make all the real homes around where they build these much more "affordable"...

[skeeter]

Of the 100K, not one will be a "single family dwelling."  They'll be high-rise buildings with concrete walls.  Slums inside of 5 years.

Build Back Better, baby.

[Bigun]

To look just like these in Shanghai!

[Wingnut]

If you build them Gangs and crime will come.

[DefiantMassRINO]

The Personal Histories of Public Housing

Ben Austen’s detailed history shows the story of Cabrini-Green is as relevant as ever
by Adam Przybyl February 8, 2018

https://southsideweekly.com/personal-histories-public-housing-high-risers-cabrini-green/

[sneakypete]

First of all,they don't have the money unless they steal it from another program.

Secondly,they will use the money to build new homes for new residents,like illegal aliens and Muslims,in order to buy their votes.

[sneakypete]

To look just like these in Shanghai!

@Bigun

And being Chinese,you KNOW the elevators don't work.