Cities and states are scrambling to revive downtown areas and ease the housing shortage.
Why it matters:Two programs combined offer over $35 billion in lending capacity at below-market interest rates, Transportation Secretary Pete Buttigieg said during a media call on Thursday.in six metro areas — New York, San Francisco, San Jose, Boston, Washington, D.C. and Denver — where rents are high enough to overcome costs, according to a recent paper from the National Bureau of Economic Research.
"This presents an area of opportunity to both increase housing supply while revitalizing Main Street," White House National Economic Council director Lael Brainard said on the call."The marginal increase in housing from the program is beneficial, but the changes are at the margin.
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