Pres. Biden's administration this week took necessary — if incremental — steps to address the lack of affordable housing across the country, advocates and experts say.
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Against that backdrop, the White House's new plan was met with praise by experts even as some of them stressed that progress would be slower than the administration had vowed. It's even more challenging for people with low incomes and for communities of color to afford housing, advocates said, highlighting the influence of historic discrimination.
The White House said it will incentivize states and localities to change their zoning and land-use regulations, launch new low-cost financing for new housing and preservation, improve and build upon the existing federal financing, secure the accessibility of affordable single-family houses for owner-occupants and work to fix housing materials and labor shortages.
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