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U.S. Treasury launches initiatives to boost housing supply

The Biden administration, through the U.S. Department of the Treasury, announced the launch of multiple initiatives on Monday to increase funding sources for housing production. The announcement comes as high mortgage rates and a lack of supply have created affordability challenges.

In a speech in Minneapolis, Treasury Secretary Janet Yellen will announce the new funding sources for housing production. She will also urge further action by states and Congress, including the passage of bipartisan legislation to expand the Low-Income Housing Tax Credit (LIHTC) program. The details ⇒

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