【Bloomberg】America Has a Housing Mess, and President Biden Wants to Fix It

U.S. housing policy is practically geologic in form. Since the 1930s, the federal government has rolled out layer upon layer of programs and incentives to help the poor, the middle class, veterans, and others afford homes. What we have today is an accretion of policies and bureaucracy that’s complex and inadequate for today’s needs. “It’s like sedimentary rock,” says Chris Herbert, the managing director of the Harvard Joint Center for Housing Studies. “There’s never really been a time when we sat down and said, ‘Let’s think about a coherent U.S. housing policy.’”

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