The US wants to boost affordable housing by using billions in unspent COVID aid

• The US Treasury Department is making unused COVID funds available to support housing projects.
• The State and Local Fiscal Recovery Funds has around $40 billion in unspent money, Reuters said.
• The Treasury will also step up efforts to understand the impact of climate risks on housing supply.

Billions of unspent pandemic dollars have been made available for housing projects as the federal government steps up efforts to tackle the shortage of affordable homes.