Janet Yellen Unveils $100M Boost to Affordable Housing ...Middle East

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Janet Yellen Unveils $100M Boost to Affordable Housing
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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.

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