The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years.
Treasury Secretary Janet Yellen will promote the new investments on Monday during a visit to Minneapolis. They include providing $100 million through a new fund over the next three years to support affordable housing financing, boosting the Federal Financing Bank’s financing of affordable housing and other measures.
