Economists in the Biden administration are urging aggressive federal action to reduce housing costs for buyers and renters, addressing a key economic challenge as President Biden seeks re-election. The administration’s proposals, detailed in the annual Economic Report of the President, include pressuring local governments to ease zoning restrictions to facilitate affordable housing construction. This federal intervention aims to overcome local opposition to development.

The administration’s plan involves using federal budget incentives to encourage localities to permit more housing development, including low-income and starter homes. While current political dynamics make immediate implementation unlikely, these proposals could form the basis for future bipartisan efforts if Biden is re-elected.

https://www.nytimes.com/2024/03/21/us/politics/biden-housing-costs.html?searchResultPosition=17