Immediate Steps Supplement the Biden-Harris Administration’s Push for Historic, Long-Term Investments in New Housing as Part of the Build Back Better Agenda Since President Biden took office, the economy has created more than 4 million jobs, with an average of more than 830,000 new jobs over the last three months. In the first half of…
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FACT SHEET: The Biden-Harris Administration Advances Equity and Opportunity for Asian American, Native Hawaiian, and Pacific Islander Communities Across the Country
Since day one of this Administration, President Joe Biden and Vice President Kamala Harris have prioritized the advancement of opportunity, equity, and safety for Asian American, Native Hawaiian, and Pacific Islander (AA and NHPI) communities to realize the full promise of our nation. Throughout Asian American, Native Hawaiian, and Pacific Islander Heritage Month, the Biden-Harris…
Readout of Interagency Task Force Meeting on Property Appraisal and Valuation Equity (PAVE)
Today, U.S. Department of Housing and Urban Development Secretary Marcia L. Fudge and Domestic Policy Advisor Susan Rice convened a meeting of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE). The Task Force, which was created by President Biden in June, consists of senior leaders from the Cabinet and independent agencies within the…
Alleviating Supply Constraints in the Housing Market
By Jared Bernstein, Jeffery Zhang, Ryan Cummings, and Matthew Maury The COVID-19 pandemic shifted families’ preferences for location and type of housing, exacerbating existing supply chain constraints that—for several reasons—have persisted for many years. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental…
Fact Sheet: Biden Administration Announces Additional Actions to Prevent Foreclosures
Across America, a strong economic recovery is taking hold. Since President Biden took office, more than 3 million jobs have been created—600,000 a month on average. The American Rescue Plan is working, jumpstarting the economy and getting Americans back to work. And critically, over two-thirds of adults are vaccinated, with our most vulnerable populations protected…
Readout of the First Interagency Task Force Meeting on Property Appraisal and Valuation Equity (PAVE)
Biden-Harris Administration Launches first-of-its-kind interagency initiative to address inequity in home appraisals Today, U.S. Department of Housing and Urban Development Secretary Marcia L. Fudge and Domestic Policy Advisor Ambassador Susan Rice convened the first principal-level meeting for the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE). They were joined by senior leadership from…
FACT SHEET: The Biden Administration Announces New Actions to Lessen the Burden of Medical Debt and Increase Consumer Protection
Vice President Kamala Harris to announce reforms across four areas to ease the burden of medical debt, giving more American families the opportunity to thrive Today, as part of the fight to help Americans deal with high costs, the Biden-Harris Administration is announcing new actions to protect consumers and lessen the burden of medical debt on American families.…
President Biden Announces Key Nominations
WASHINGTON – Today, President Joe Biden announced his intent to nominate the following individuals to serve in key roles: Jessica Rosenworcel, Nominee for Commissioner of the Federal Communications Commission Gigi Sohn, Nominee for Commissioner of the Federal Communications Commission Alan Davidson, Nominee for Assistant Secretary for Communications and Information at the National Telecommunications and Information…
FACT SHEET: Biden-Harris Administration Announces Initiatives to Promote Housing Stability By Supporting Vulnerable Tenants and Preventing Foreclosures
Across America, a strong economic recovery is taking hold. Since President Biden took office, more than two million jobs have been created. The American Rescue Plan is working, jumpstarting the economy and getting Americans back to work. And critically, 70% of Americans ages 30 and older have received at least one dose of the COVID-19…
President Biden Announces 10 Key Nominations
WASHINGTON – Today, President Joe Biden announced his intent to nominate the following ten individuals to serve in key roles: Rostin Behnam, Nominee for Chair and Commissioner of the Commodity Futures Trading Commission Kristin Johnson, Nominee for Commissioner of the Commodity Futures Trading Commission Christy Goldsmith Romero, Nominee for Commissioner of the Commodity Futures Trading…
