* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

US Treasury to devote extra $100 million over 3 years to affordable housing

June 25, 2024
in General
US Treasury to devote extra $100 million over 3 years to affordable housing
Share on FacebookShare on Twitter

By David Lawder

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen announced $100 million in new financing on Monday to increase the supply of affordable housing, as the Biden administration seeks to address high housing costs ahead of the Nov. 5 presidential election.

The measure is one of several moves by the Treasury to try to address a chronic housing shortage, which has been a contributor to lingering inflation and a source of voter dissatisfaction with President Joe Biden’s handling of the economy.

The additional $100 million over three years will come from payments that the Treasury is receiving from prior COVID-era investments in community lenders to support small businesses, consumers and affordable housing projects, Yellen said in remarks at a public housing development project in Minneapolis.

The 2021 Emergency Capital Investment Program injected over $8.57 billion into community lenders, who in turn invested $1.2 billion in 433 affordable housing projects, according to Treasury data.

The additional funds could support the financing of thousands more affordable housing units through a new program housed at the Community Development Financial Institutions (CDFI) Fund, Yellen said.

HOUSING SUPPLY SHORTFALL

The Treasury chief said she expects shelter inflation to moderate, but noted that from 2000 to 2020, median housing rents have outpaced median incomes in counties covering 97% of the U.S. population.

“But we face a very significant housing supply shortfall that has been building for a long time. This supply crunch has led to an affordability crunch,” Yellen said in excerpts of remarks. She added that the burden was greatest on low-income and Black households.

Christopher Tyson, president of National Community Stabilization Trust, which advocates for increased affordable single-family home ownership, called the additional funding a good start towards bridging the gap between what people can afford and where the market sets prices.

“Distortions in the housing market because of the lack of supply have just pushed homeownership out of reach” for many potential buyers, Tyson said, estimating a U.S. shortage of about 2 million housing units.

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a Senate Appropriations Financial Services and General Government Subcommittee hearing on President Biden’s proposed budget request for the Department of Treasury, on Capitol Hill in Washington, U.S., June 4, 2024. REUTERS/Anna Rose Layden//File Photo

Yellen also is calling on the 11 Federal Home Loan Banks to devote at least 20% of their net income to housing programs, up from the legal requirement of 10% and the banks’ voluntary commitment of 15%.

Had this commitment been in place over the last five years, the 11 government-sponsored enterprises would have contributed nearly $2 billion more to housing programs than legally required, the Treasury said.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy-news/us-treasury-to-devote-extra-100-million-over-3-years-to-affordable-housing-3494739

Previous Post

flydubai Launches Flights to Two Destinations in Pakistan

Next Post

US judges block parts of key Biden student debt plan

D.C. Hosts WorldPride Parade in the Shadow of Trump – The New York Times

Celebrating Love and Unity: D.C. Lights Up for WorldPride Parade Amidst Political Tensions

June 8, 2025
This New England state has the best economy in the country, according to WalletHub – Boston.com

Discover the New England State Boasting the Strongest Economy in the Nation!

June 8, 2025
Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

June 8, 2025
Billy Joel jokes about aging, cremation after brain disorder diagnosis – Fox News

Billy Joel Shares Hilarious Takes on Aging and Life After a Health Scare

June 8, 2025
Supreme Court restores DOGE’s access to sensitive Social Security data and says it doesn’t have to turn over documents – CNN

Supreme Court Grants DOGE Access to Sensitive Social Security Data, Protects Confidential Documents!

June 8, 2025
Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

June 8, 2025
NFL, NFLPA continue to hide ruling from collusion grievance – NBC Sports

Unveiling the Truth: NFL and NFLPA Keep Collusion Ruling Under Wraps

June 8, 2025
Groundbreaking study maps the movements of marine megafauna – EurekAlert!

Revolutionary Research Unveils the Migrations of Marine Megafauna

June 7, 2025
The science behind having perfect lake days – wtol.com

Unlocking the Secrets to Your Perfect Lake Day!

June 7, 2025
For both artists and scientists, slow looking allows surprising connections to surface – The Conversation

Unlocking Creativity: How Slow Looking Sparks Unexpected Connections for Artists and Scientists

June 7, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (675)
  • Economy (689)
  • Entertainment (21,595)
  • General (15,271)
  • Health (9,731)
  • Lifestyle (692)
  • News (22,149)
  • People (689)
  • Politics (697)
  • Science (15,907)
  • Sports (21,192)
  • Technology (15,675)
  • World (674)

Recent News

D.C. Hosts WorldPride Parade in the Shadow of Trump – The New York Times

Celebrating Love and Unity: D.C. Lights Up for WorldPride Parade Amidst Political Tensions

June 8, 2025
This New England state has the best economy in the country, according to WalletHub – Boston.com

Discover the New England State Boasting the Strongest Economy in the Nation!

June 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version