Rep. Alexandria Ocasio-Cortez's 'Green New Deal for Housing'
Rep. Alexandria Ocasio-Cortez plans to announce the 'Green New Deal for Housing' alongside Sen. Bernie Sanders, focusing on public housing and repealing the Faircloth Amendment. President Biden's administration has not endorsed the legislation.
Key Points
- Reintroduction of 'Green New Deal' terminology for housing bill
- Aims to address housing supply problem and make housing more affordable
- President Biden's administration has not endorsed the legislation
Pros
- Focuses on public housing to address housing crisis
- Repeals the Faircloth Amendment that restricted funding for new public housing
Cons
- Likely to face challenges in Congress