California's $100 billion homelessness, affordable housing, proposal progresses

A measure that would spend roughly $100 billion over a decade to address affordable housing and homeless cleared its first legislative hurdle on Wednesday. Assembly Constitutional Amendment 14 by Assembly member Buffy Wicks, D-Oakland, would require 5% of the state's general fund every year for 10 years to fund the development of affordable housing and bolster homelessness services.

The Center Square • May 11, 2022

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White House economist: 'We need legislation' on affordable housing

In regard to the housing sector, White House economic adviser Jared Bernstein told Yahoo Finance Live Wednesday that the executive branch would need help from Congress in order to pursue the most effective relief options.

Yahoo Finance • May 12, 2022

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Senate bill would create state Department of Housing

Senator Meghan Kallman introduces Create Homes Act, calling for $300 million in federal funds to launch effort to buy and build more homes in Rhode Island.

The Boston Globe • May 13, 2022

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Biden administration unveils action plan to boost affordable housing

The Biden administration is announcing an action plan Monday aimed at boosting the supply of affordable housing amid high inflation. Taken together, administration officials said, the actions announced will help close the affordable housing gap and "ease the burden of housing costs," noting that housing prices are a key driver of inflation.

CNN • May 16, 2022

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