The money will be spent over the next three years for housing projects.
The U.S. Treasury is starting a $100 million program to provide affordable housing nationwide, Treasury Secretary Janet Yellen said Monday.The money will be spent over the next three years on housing projects, and the Biden administration's aim is to make housing more accessible to those with moderate or low incomes.Previously, the Treasury's 2021 Emergency Capital Investment Program funded $8.57 billion for community lenders, who then spent $1.2 billion on affordable housing projects.
'Previously, Biden said, landlords were 'rent gouging' even in the aftermath of the coronavirus pandemic, which led to many being priced out of neighborhoods or even losing their homes.'Folks are tired of being played for suckers,' Biden said earlier in the year. 'And I'm tired of letting them be played for suckers.
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