Program would provide financial incentives to local governments.
President Biden is proposing a plan that includes changes to zoning laws to ease a national affordable housing shortage. The plan promotes that local governments allow apartment buildings in neighborhoods that are currently restricted to single-family homes.
His $5 billion proposal would provide financial incentives to local governments that change zoning laws. It is an example of the broad social policy changes that are part of the $2 trillion infrastructure bill. The proposal would set up a $5 billion fund for local governments to compete for grants to pay for new schools, roads, or bridges if they agreed to loosen zoning rules.
As the Lord Leads, Pray with Us…
- For God to accomplish His purpose as the president looks to reduce the housing shortage.
- For wisdom for federal, state, and local officials as the insertion of apartment complexes to areas with single-family homes is considered.
Sources: Reuters, NBC News
