




By David Lawder
WASHINGTON (Reuters) - Deputy U.S. Treasury Secretary Wally Adeyemo on Monday called on state, local and tribal governments to use more of their shares of a $350 billion COVID-19 relief fund to address a severe shortage of affordable housing.
Adeyemo was pressing his case during a visit to Los Angeles to highlight California officials' plans to use $7.4 billion of the state's $27 billion allotment from the State and Local Fiscal Recovery Funds to address housing needs.
That represents the lion's share of the $11.7 billion budgeted for housing so far by 570 state and local governments from their recovery funds, which were approved last year as part of President Joe Biden's $1.9 trillion American Rescue Plan Act.
Adeyemo told Reuters that addressing a lack of affordable housing has emerged as a top long-term priority for many cities and counties as they emerge from the COVID-19 pandemic.
"We just need more housing in this country - both multi-family and single-family - and we think using the ARP dollars to do that makes a lot of sense," Adeyemo said in an interview.
He is due to visit a community housing organization in Compton, California, where he said he will call on other state and local governments to follow California's lead in dedicating more of their ARP funds to housing.
California is investing $1.75 billion in development capital for "shovel-ready" housing developments and preservation of existing affordable housing in need of significant repairs or at risk of conversion to market-rate housing, the Treasury said. The state, the country's most populous, also plans to rehabilitate vacant hotels, apartment buildings and other structures specifically for individuals facing homelessness.
The $350 billion in state and local recovery funds administered by Treasury has given many communities an unprecedented influx of funds, and is emerging as the Biden administration's premier social policy tool as a much larger social and climate spending plan languishes in Congress.
Research by mortgage finance giant Freddie Mac (OTC:FMCC) showed that the shortage of U.S. housing hit 3.8 million units in 2020, up 52% from 2018. It cited slow construction of entry-level homes since the 2008-2009 financial crisis coupled with increasing demand from the large millennial generation, now entering its peak first-time homebuying years.
Adeyemo said that he is meeting with local officials in Los Angeles County to better understand their needs so that Treasury can provide maximum flexibility in uses of the funds to promote housing development.
The ARP funds can help provide the "last dollar" of investments needed to finance many projects, combined with private-sector funds, bank loans, housing tax credits and local incentives, he said.
EUR/USD
1.0562
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/USD
1.0562
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
GBP/USD
1.2489
+0.0029 (+0.23%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (5)
USD/JPY
127.86
+0.07 (+0.05%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (3)
AUD/USD
0.7039
-0.0008 (-0.11%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (3)
USD/CAD
1.2839
+0.0014 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (1)
EUR/JPY
135.05
-0.24 (-0.18%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (2)
EUR/CHF
1.0296
-0.0005 (-0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Gold Futures
1,845.10
+3.90 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Silver Futures
21.765
-0.143 (-0.65%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
Copper Futures
4.3042
+0.0212 (+0.49%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
Crude Oil WTI Futures
110.35
+0.46 (+0.42%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
Brent Oil Futures
112.91
+0.87 (+0.78%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Natural Gas Futures
8.058
-0.250 (-3.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
US Coffee C Futures
216.48
-2.22 (-1.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Euro Stoxx 50
3,657.03
+16.48 (+0.45%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (9)
Sell (1)
S&P 500
3,901.36
+0.57 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
DAX
13,981.91
+99.61 (+0.72%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
FTSE 100
7,389.98
+87.24 (+1.19%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (7)
Sell (2)
Hang Seng
20,717.24
+596.56 (+2.96%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
US Small Cap 2000
1,768.35
-7.87 (-0.44%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (1)
IBEX 35
8,484.50
+78.50 (+0.93%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (5)
Sell (2)
BASF SE NA O.N.
48.850
-0.010 (-0.02%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
63.74
+0.34 (+0.54%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (2)
Allianz SE VNA O.N.
195.58
+0.78 (+0.40%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
Adidas AG
172.80
+0.92 (+0.54%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
6.852
+0.049 (+0.72%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Siemens AG Class N
115.08
+2.62 (+2.33%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (4)
Sell (4)
Deutsche Bank AG
9.362
-0.130 (-1.37%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (1)
EUR/USD | 1.0562 | ↑ Buy | |||
GBP/USD | 1.2489 | Neutral | |||
USD/JPY | 127.86 | Neutral | |||
AUD/USD | 0.7039 | Sell | |||
USD/CAD | 1.2839 | ↑ Buy | |||
EUR/JPY | 135.05 | Neutral | |||
EUR/CHF | 1.0296 | ↑ Buy |
Gold | 1,845.10 | ↑ Buy | |||
Silver | 21.765 | ↑ Sell | |||
Copper | 4.3042 | ↑ Buy | |||
Crude Oil WTI | 110.35 | ↑ Sell | |||
Brent Oil | 112.91 | ↑ Sell | |||
Natural Gas | 8.058 | ↑ Sell | |||
US Coffee C | 216.48 | ↑ Buy |
Euro Stoxx 50 | 3,657.03 | ↑ Buy | |||
S&P 500 | 3,901.36 | ↑ Buy | |||
DAX | 13,981.91 | Buy | |||
FTSE 100 | 7,389.98 | Neutral | |||
Hang Seng | 20,717.24 | ↑ Sell | |||
Small Cap 2000 | 1,768.35 | ↑ Buy | |||
IBEX 35 | 8,484.50 | Neutral |
BASF | 48.850 | Buy | |||
Bayer | 63.74 | Buy | |||
Allianz | 195.58 | Buy | |||
Adidas | 172.80 | Buy | |||
Lufthansa | 6.852 | ↑ Sell | |||
Siemens AG | 115.08 | Neutral | |||
Deutsche Bank AG | 9.362 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,875/ 6,975 (0/ 0) # 1,795 |
SJC HCM | 6,895![]() ![]() (5 ![]() ![]() |
SJC Hanoi | 6,895![]() ![]() (5 ![]() ![]() |
SJC Danang | 6,895![]() ![]() (5 ![]() ![]() |
SJC Nhatrang | 6,895![]() ![]() (5 ![]() ![]() |
SJC Cantho | 6,895![]() ![]() (5 ![]() ![]() |
Cập nhật 21-05-2022 19:03:05 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,846.53 | +4.27 | 0.23% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 30.580 | 31.190 |
RON 95-III | 29.980 | 30.570 |
E5 RON 92-II | 28.950 | 29.520 |
DO 0.05S | 26.650 | 27.180 |
DO 0,001S-V | 27.450 | 27.990 |
Dầu hỏa 2-K | 25.160 | 25.660 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $109.83 | 0 | 0% |
Brent | $110.60 | 0 | 0% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.000,00 | 23.310,00 |
EUR | 23.879,54 | 25.217,23 |
GBP | 28.128,10 | 29.328,16 |
JPY | 176,49 | 186,84 |
KRW | 15,80 | 19,26 |
Cập nhật lúc 18:54:43 21/05/2022 Xem bảng tỷ giá hối đoái |