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Ahead of tomorrow’s presidential debate, the Biden administration is announcing $85 million in grant funding for the Pathways to Removing Obstacles to Housing (PRO Housing) program, which is designed to lower housing costs and remove barriers to affordable housing production and preservation.

The grants were rewarded in a competition that saw applications from over 175 communities in 47 states and territories. The competition was coordinated by the U.S. Housing and Urban Development (HUD), which plans to release an additional $100 million in funding later this year in a second round of the competition.

In a press statement, Vice President Kamala Harris declared the grants were part of the administration’s focus on addressing the evaporation in housing affordability opportunities.

“Today, I am proud to announce that we are taking a critical step forward by investing $85 million to help more than 20 communities throughout our country remove barriers to building more affordable housing,” Harris said.

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“President Biden and Vice President Harris have prioritized reducing housing costs,” added HUD Acting Secretary Adrianne Todman. “As I travel across the country, I hear from people all the time, including builders, elected officials, and other stakeholders, about how difficult it is to build housing. This is why I am pleased to announce our first round of PRO Housing funding, which will provide communities with incentives to address their local housing barriers. This expands on our ongoing efforts to lower housing costs by increasing the housing supply.”

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