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The Biden administration announced an ambitious new goal to close the affordable housing gap in just five years. The plan includes financial incentives to build more housing, along with changes to zoning and land use regulations to potentially make it easier to create new housing. It also includes new financing policies for things like accessory dwelling units and manufactured homes, and solutions for the supply chain crunch that’s making it difficult for builders and renovators. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. The White House released details of its Biden-Harris Administration Housing Supply Action Plan on May 16th. (1) It falls under President Biden’s effort to tackle inflation as a top priority and the need to address housing costs. According to the Consumer Price Index, housing accounts for about 30% of the prices increases we’re seeing today. Housing Supply Action Plan With this new plan, the administration