The number of affordable housing developments in the United States is declining and President-elect Joe Biden is facing pressure to take action. In response to the affordable housing crisis, Biden is being urged to consider the impact of the Build America’s Infrastructure Now (BAIN) Act.
The BAIN Act would invest in rebuilding tested infrastructure and developing new housing. This could lead to the creation of millions of jobs and requiring that disadvantaged communities have a say during the planning process. It is proposed that the BAIN Act could create over ten million jobs, reduce greenhouse emissions, and increase GDP and wages.
The proposed infrastructure investment would specially target community development investments, including direct technical assistance and funding. This will help to eventually alleviate the lack of affordable housing. The proposed bill also takes into account the need to incorporate the economy around low-income communities and people of color.
The BAIN Act would be a positive step towards revamping the current infrastructure of the United States and would lead to more affordable housing. This legislation will take into account the needs of disadvantaged communities and provide a platform for the continued improvement of our nation’s infrastructure. The creation of job opportunities, increased GDP and wages, and a more diverse economy through the activities of this legislation will allow for more people to have access to a higher quality of living. The act could also potentially reduce greenhouse emissions and help to ensure a greener future.
You can read this full article at: https://www.housingwire.com/articles/biden-urged-to-consider-build-americas-impact-on-affordable-housing/(subscription required)
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