ShareOn June 26, 2024, the Biden-Harris administration and the Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman announced they are awarding $85 million in grant funding for the Pathways to Removing Obstacles to Housing (PRO) program.
The PRO Housing program seeks to remove barriers to affordable housing production and ultimately lower housing costs by addressing the main culprit of housing affordability: the limited housing supply. Grant recipients of the PRO Housing program across the country have actively committed to address the affordable housing supply shortage by taking actions including updating zoning requirements, taking advantage of under-utilized vacant land, updating the existing housing stock, and streamlining permitting and construction processes. The United States is facing a historic housing supply shortage of 5.5 million units.
The National Association of REALTORS® (NAR) thanks the Biden-Harris administration and HUD for their commitment to tackling this issue that impacts families across the country.