President Biden believes that everyone deserves to live in a safe and affordable home. Whether you rent or own, having a place to live that you can afford in a neighborhood with opportunities is the foundation for so much else in life.
It’s also the foundation for so much else in our economy. A lack of quality affordable housing hinders the job market and holds back economic growth by making it harder for workers to access good-paying jobs. It drives up costs for families and inflationary pressures. It also increases commutes and inefficient energy consumption, which exacerbates climate change. And a lack of affordable housing opportunities perpetuates the ongoing segregation and discrimination that our nation committed to eradicate nearly 60 years ago.
