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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDemocrats are set to slash Biden's $300 billion plan to build millions of homes - all in the middle
of a historic housing shortageThe Biden administration has a plan to counter the US's dire home shortage, but it's now on the chopping block.
The White House hoped to fight the housing crisis with its $3.5 trillion social-spending package, but opposition from Sens. Joe Manchin and Kyrsten Sinema have forced Democrats to shrink the plan. The final proposal is expected to cost roughly $2 trillion, meaning it'll have to be slimmed down substantially from its current size.
And as party leaders prep a revised package, $300 billion set aside for housing aid is under siege. The Biden administration and congressional leaders are considering cuts to the housing funds, Politico reported Thursday. The $300 billion is among the larger programs in the overall package, and slashing it could allow other sections to go untouched.
The sum includes $100 billion in housing-based tax credits, $70 billion for repairing and upgrading public housing, and $45 billion for the construction of homes for low-income Americans. Overall, the funds could create more than 2 million new homes, according to estimates from the Department of Housing and Urban Development. That would join the 100,000 new homes already set to be created through Biden's recent regulatory changes.
https://www.msn.com/en-us/news/politics/democrats-are-set-to-slash-biden-s-300-billion-plan-to-build-millions-of-homes-all-in-the-middle-of-a-historic-housing-shortage/ar-AAPo4x9
GaYellowDawg
(4,446 posts)They're forcing Democrats into half measures and that's going to get us completely swamped in 2022.
CurtEastPoint
(18,619 posts)lagomorph777
(30,613 posts)What they don't seem to get is, they will be even more irrelevant if we lose Dems.
Lancero
(3,002 posts)pandr32
(11,553 posts)Part of "those two('s)" plan (thanks to their donors), since they seem to be working in concert with Republicans. The watered down changes will give Republicans something to tar Democrats with--that Democrats couldn't deliver.
napi21
(45,806 posts)empedocles
(15,751 posts)FDR did not pass Social Security, Public Works [infrastruce], Labor rights, union right, until 1935.
FDR had more of a mandate, more unified party and party discipline, which helped greater Congressional support, fewer Dem fiefdoms and special interests, etc.
https://www.thebalance.com/fdr-and-the-new-deal-programs-timeline-did-it-work-3305598
Hoyt
(54,770 posts)empedocles
(15,751 posts)delay the media attention and undercutting of Joe for awhile.
calguy
(5,292 posts)Doremus
(7,261 posts)Low-income housing is a worthwhile project but there are so many other necessities that, frankly, come first. There has been very little buzz about any of it, which leads me to believe the PTB inserted it on purpose, specifically as the sacrificial lamb at the negotiation table.
Don't know if it's true but I'd bet it is.
In any event, I've been impressed with the way our side has handled this. We have much to thank the 95-member progressive caucus for, if nothing else bringing some much-needed brass to the table.
Tomconroy
(7,611 posts)About giving a tax benefit (or cash) to first generation homeowners as opposed to first time homebuyers. Benefitting the first group would be good policy. Benefitting the latter would be good politics.
Etherealoc1
(256 posts)fingers crossed with the house and
more Dems in the Senate.
Greybnk48
(10,162 posts)are forcing cuts to helping American citizens. Democrats are FORCED to do this by REPUBLICANS and would not do it other wise. The two mentioned-I'm not sure what they are.
Nixie
(16,950 posts)then telling people theyre getting crumbs when its inevitably negotiated. Good faith means realism. Just pass it!
Klaralven
(7,510 posts)So an additional 2 million over 10 years would be an increase of around 15%.
https://www.census.gov/construction/nrc/pdf/newresconst.pdf
There are about 140 million homes in the US, so 2 million would be an overall increase in housing stock of 1.4%.