AOC launches $30 Billion Federal Bill to fund 1.25 million affordable housing units over the next 10 years. Rep. Alexandria Ocasio-Cortez and Sen. Tina Smith have just introduced this legislation to be considered by Congress.
If you thought building and investing in the affordable housing space was lucrative before, it’s about to go to a whole ‘nother level with this proposed legislation.
Washington, DC wants in the housing development game in a big, big way. Here’s Bloomberg’s take on it. Be sure to check out AOC’s office release from her Congressional Office.
The private sector apparently can’t get the job done but the government thinks that if it can print $30 billion that we don’t have, that they can make things better for people.
We all know how this works, right? This will be a big government give-away to friends of the government. Time to replenish the housing stock in Baltimore, Detroit, DC, Chicago, LA etc.
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