How ironic .
Didn’t sleepy-creepy Joe run on a platform in 2020 promising to fight poverty, homelessness and the “little guy”?
LOL almost like it was on cue this popped up on my X feed literally seconds after I made that post. From the rabid left Occupy Democrats site:
“ BREAKING: President Biden’s Treasury Department announces a stunning historic $100 million initiative to make housing more affordable — addressing a dire problem plaguing countless Americans.
This is a HUGE deal and it gets even better...
The new initiative includes a bevy of financial policies to stimulate housing developing. Additionally, the Treasury Department is calling on other agencies to help finance housing to aid in the initiative.
“We face a very significant housing supply shortfall that has been building for a long time,” said Treasury Secretary Yellen. “This supply crunch has led to an affordability crunch.”
These new initiatives will include the establishment of a program that will dole out the $100 million over three years to support affordable housing and will also pressure Federal Home Loan Banks to increase their housing expenditures.
On top of that, Yellen “will urge Congress to pass bipartisan legislation to expand the Low-Income Housing Tax Credit.” She will also urge state and local officials to “remove excessive legal barriers to housing development.””