Tuesday, April 13, 2021

Wow, government housing! What an innovative idea!-----Biden’s Infrastructure Bill Includes Making ‘Diverse’ Neighborhoods Across America Through Zoning Laws

Biden’s Infrastructure Bill Includes Making ‘Diverse’ Neighborhoods Across America Through Zoning Laws

"The focus of  President Joe Biden’s $2.3 trillion infrastructure bill is allegedly to address aging infrastructure across the country, but the massive bill covers a vast amount of other spending, including money for “diversifying” neighborhoods.

This portion of Biden’s American Jobs Plan would change zoning laws to end single family home neighborhoods and allow for multiple unit “affordable” or low-income rental housing....

...In contrast to former President Donald Trump’s Housing and Urban Development’s (HUD) Opportunity Zones program that partnered the federal government with private sector investors to create less rental housing and increase home ownership, Biden’s plan uses tax breaks for state and local governments, the Fact Sheet states:

“[Biden] is calling on Congress to pass the innovative, bipartisan Neighborhood Homes Investment Act (NHIA). Offering $20 billion worth of NHIA tax credits over the next five years will result in approximately 500,000 homes built or rehabilitated, creating a pathway for more families to buy a home and start building wealth.”

Reuters reported on the shift from free markets to government control:

President Joe Biden is seeking to ease a national affordable housing shortage by pushing local governments to allow apartment buildings in neighborhoods that are currently restricted to single-family homes...

Biden’s plan even designates which workers will benefit from this housing project — “put union building trade workers to work upgrading homes and businesses to save families money,” the Fact Sheet states...Read all.

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