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Biden framework includes $150B for affordable housing
The Hill ^ | 10/28/2021 | Sylvan Lane

Posted on 10/28/2021 1:30:34 PM PDT by ChicagoConservative27

President Biden climate and social services bill is expected to include $150 billion for affordable housing creation and financial assistance, elating supporters who feared it would be cut from the package.

The White House on Thursday released a framework for Biden’s “Build Back Better Act,” the roughly $1.75 trillion budget reconciliation package, that included billions of dollars meant to put 1 million affordable homes on the market and help thousands of Americans find stable housing.

The housing component was cut down significantly from the $327 billion Democrats initially sought. Even so, the bill would still spend more than three times the current budget of the Department of Housing and Urban Development (HUD) on what housing advocates call an unprecedented step toward tackling an affordability crisis.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: affordable; biden; framework; housing
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Great, High rise project buildings all over the country. Put one in Beverly Hills and see what they think.
1 posted on 10/28/2021 1:30:34 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

Should we be happy that the bill is now only $1.75 trillion instead of $3.5 trillion?


2 posted on 10/28/2021 1:32:50 PM PDT by Dilbert San Diego
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To: ChicagoConservative27

Geez, Joe. Give the damn taxpayer a break. Not everyone is able to poop on a canvas and sell it as ‘art’ for $150,000. We have to work to make ends meet.


3 posted on 10/28/2021 1:33:48 PM PDT by fhayek
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To: ChicagoConservative27

We need more affordable housing called PRISONS 🤪


4 posted on 10/28/2021 1:35:18 PM PDT by NWFree (Somebody has to say it)
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To: ChicagoConservative27

Cabrini Greens for everyone!!


5 posted on 10/28/2021 1:35:39 PM PDT by vikingd00d (chown -R us ~you/base)
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To: ChicagoConservative27
Great, High rise project buildings all over the country. Put one in Beverly Hills and see what they think.

Nope, they're going in middle class suburbs, like Trump said, Biden will ruin the suburbs.

6 posted on 10/28/2021 1:35:55 PM PDT by 1Old Pro (Let's make crime illegal again!)
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To: ChicagoConservative27

More likely rent subsidies to corporate single family home owners. Section 8 next door, basically.


7 posted on 10/28/2021 1:36:52 PM PDT by lodi90
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To: 1Old Pro

Well since it has to be built by union labor it may not happen in my lifetime.


8 posted on 10/28/2021 1:36:55 PM PDT by nascarnation (Let's Go Brandon!)
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To: ChicagoConservative27

President Biden climate and social services bill is expected to include $150 billion for affordable housing creation


But of course. Where are the millions of migrants he’s letting in supposed to live? They all can’t collect the $450,000 settlement for separated families.


9 posted on 10/28/2021 1:38:47 PM PDT by hanamizu
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To: Dilbert San Diego
Should we be happy that the bill is now only $1.75 trillion instead of $3.5 trillion?

YES; if the 3.5 trillion bill did not cost of anything the 1.75 trillion should get us a tax cut.
10 posted on 10/28/2021 1:40:46 PM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: lodi90
Section 8 next door, basically.

I just hope Karen lives on both sides.

11 posted on 10/28/2021 1:41:19 PM PDT by 1Old Pro (Let's make crime illegal again!)
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To: ChicagoConservative27


12 posted on 10/28/2021 1:44:46 PM PDT by Theoria
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To: 1Old Pro

Karen is probably IN the Section 8 housing.


13 posted on 10/28/2021 1:46:56 PM PDT by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: ChicagoConservative27

Every time they build “affordable housing” housing gets more expensive, including affordable housing.


14 posted on 10/28/2021 1:48:32 PM PDT by SaxxonWoods (Arrest and charge Anthony Fauci. )
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To: ChicagoConservative27

Seems to me that anywhere they put “affordable housing” it drives the price up in the area.


15 posted on 10/28/2021 1:49:35 PM PDT by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: ChicagoConservative27

“Framework” does not mean they have an actual finalized bill that will pass. There is still a lot on infighting going on among the Democrats. The announcement of a “Framework” is just an attempt to give other world leaders the impression that Biden has actually accomplished something as he travels to Europe to meet with them.


16 posted on 10/28/2021 1:51:54 PM PDT by GreenHornet
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To: ChicagoConservative27

Let me guess, Pelosi and Feinstein’s Husbands build affordable housing. I purposely left off the question mark.


17 posted on 10/28/2021 2:47:46 PM PDT by DAC21
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To: ChicagoConservative27
Great, High rise project buildings all over the country.

Don't need that. FedGov can just rent all those houses that Blackrock has been buying up. They won't be for Americans of course. This is for all the new "migrants" aka illegal aliens.

18 posted on 10/28/2021 3:48:50 PM PDT by Pollard (PureBlood)
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To: Pollard

If anyone doesn’t see the Great Replacement or Great Reset in EVERYTHING yet, you need to.


19 posted on 10/28/2021 3:50:39 PM PDT by Pollard (PureBlood)
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To: fhayek

Will they be like the $575,000 dollar apartments like californicate is building for the homeless?


20 posted on 10/28/2021 3:58:04 PM PDT by oldasrocks
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