That includes pouring tens of billions of dollars into communities of color to improve transportation infrastructure, develop more neighborhood amenities, build and rehabilitate affordable housing and support small businesses. Directing federal contracts to small businesses. Biden also hired the first Made in America Director , Celeste Drake, to help implement the federal procurement process and focus on reaching small businesses and minority entrepreneurs. Increase affordable housing: Biden is calling for the creation of a Neighborhood Homes Tax Credit to attract private investment in the development and rehabilitation of affordable housing for low- and moderate-income buyers and owners. Biden has resisted the pressure so far but has said he would support a move by Congress to cancel $10,000 per borrower.

Source: CNN June 01, 2021 21:22 UTC