Infrastructure Plan Doesn’t Come Close To Tackling The Housing Crisis
The spending plans that the Biden administration released this week laid out substantial investments into our nation's housing system, including $213 billion for building and retrofitting affordable housing units, $40 billion for public housing capital repairs, and grant funding to address zoning laws rooted in racial and economic exclusion. These proposals are a welcome first step to ensuring safe, affordable, sustainable shelter — and Congress should move swiftly to enact them — but they do not come close to meeting the scale of the housing crisis that has been underway in the United States for decades.
The reality is that although the failures in our housing system were exacerbated by the pandemic — to the tune of 10 million people at risk of eviction and more than $57 billion owed in back rent — the pandemic didn't cause them.