How the government can help increase housing supply

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We need more housing supply in America. It is the most important thing we can do to lower the cost of housing. It is true that accomplishing this goal is going to take more than federal money; it is also going to require state and local governments to put in place reforms that make it easier to build housing. But we should not underestimate the important role federal dollars can play buying down the cost of capital as well as creating incentives for local and state governments to support housing construction. Over the last three years, the President and Vice President have focused on doing everything possible to promote housing construction, and they’ve also called for additional resources from Congress to help lower the cost of housing by increasing supply. Few recognize the ways American Rescue Plan (ARP) money is being used to increase housing supply. In order to promote more construction, the Treasury Department offers states and localities the ability to use ARP resources to inves

Today’s column is a guest post from Deputy Secretary of the Treasury Wally Adeyemo. We need more housing supply in America. It is the most important thing we can do to lower the cost of housing. It is true that accomplishing this goal is going to take more than federal money; it is also going to require state and local governments to put in place reforms that make it easier to build housing. But we should not underestimate the important role federal dollars can play buying down the cost of capital as well as creating incentives for local and state governments to support housing…

How the government can help increase housing supply

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