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Fact Sheet: Vice President Harris Announces First-of-its-Kind Funding to Lower Housing Costs by Reducing Barriers to Building More Homes

Summary

Vice President Kamala Harris has unveiled a groundbreaking funding initiative aimed at reducing housing costs by addressing barriers to home construction. The plan allocates significant federal resources to support local governments in updating zoning laws, streamlining permitting processes, and enhancing infrastructure. These measures are intended to accelerate the development of affordable housing and mitigate the nationwide housing crisis. The initiative is part of the Biden-Harris administration's broader strategy to promote economic equity and stability. By tackling regulatory obstacles, the program aims to increase housing supply and make homeownership more attainable for a wider segment of the population.

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