Last month, the White House released a 55-page proposal for President Trump’s long-awaited infrastructure plan. It lays out a framework for crafting legislation structured around four main goals: generating $1.5 trillion to fund an infrastructure package; streamlining the permitting process down to two years; investing in rural infrastructure projects; and advancing workforce training. According to the proposal, the federal government would contribute $200 billion – raised largely through spending cuts – to the infrastructure package. That contribution would include $100 billion for an incentives program that would encourage increased state, local and private investment, $50 billion for capital investments in rural infrastructure projects, $20 billion for the Transformative Projects Program that would support exploratory ideas, $20 billion to expand the use of loans and private activity bonds, and $10 billion for a revolving fund that would finance purchases of federally owned property. It is assumed that states, localities and the private sector would be expected to contribute the remaining $1.5 trillion, though the proposal does not address how these funds will be raised.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing