Today, the U.S. Department of the Treasury announced new efforts to increase the supply of housing in the year ahead. These efforts include: Updated guidance for the American Rescue Plan’s (ARP) State and Local Fiscal Recovery Funds (SLFRF) to make it easier for recipients to use remaining funds to construct affordable housing; New clarifications to the ARP’s Emergency Rental Assistance (ERA) program which will make clear that qualifying recipients can use remaining funds on a broad range of uses to fund affordable housing serving very low-income families; and An extension of the Federal Financing Bank’s (FFB) ... (full story)