How the $1.2T Infrastructure Bill Impacts Multifamily

Housing has a strong link to this package, as industry leaders gear up for major upgrades.

While much of President Joe Biden’s housing agenda is within the proposed $1.75 trillion Build Back Better bill working its way through Congress, members of the multifamily and commercial real estate industry still found plenty to like in the $1.2 trillion bipartisan infrastructure package approved late last week.

“This infrastructure bill will repair and upgrade the nation’s roads, bridges, mass transit, high-speed rail, broadband, power grid, water pipes, electric vehicle charging stations and other critical infrastructure,” Real Estate Roundtable President & CEO Jeffrey DeBoer said in a prepared statement. “We applaud this investment in our nation’s future and look forward to the jobs, communities and progress it will support.”

“The real estate industry has long been committed to more equitable communities, sustainable buildings and an ambitious vision for infrastructure,” John Fish, Real Estate Roundtable chair and chairman & CEO of Suffolk Construction Co., added in prepared remarks.

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