Michigan Gov. Gretchen Whitmer announced broad goals for affordable Michigan housing yesterday.
At the Mackinac Policy Conference held annually by the Detroit Regional Chamber of Commerce, the governor pushed an increased housing construction goal and low-income household energy financing.
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The Biden administration will announce nearly $5 billion in grants and loans to support landowners’ ability to retrofit low-income housing with green technology like solar panels, The Washington Post reported Thursday.
The funding will be broken into $837.5 million in grants and $4 billion in loans to implement the Green and Resilient Retrofit Program, a provision of President Joe Biden’s signature climate law, the Inflation Reduction Act (IRA), according to the Post. While the IRA already offers tax breaks for making the switch from fossil-fuel-powered appliances to green tech — for example, offering $2,000 to install an electric heat pump — the Department of Housing and Urban Development (HUD) program seeks to address the lack of time and resources that low-income Americans may have to take advantage of them.
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A Maryland legislator wants to identify affluent suburban neighborhoods and target them for low-income, high-density housing.
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