Infrastructure Financing Advances in House as $3.5 Billion Spending Package Takes Shape

A whole bunch of money is on the table in Congress.

Read Time: 1 minute

September 16, 2021, 5:00 AM PDT

By James Brasuell @CasualBrasuell


U.S. Capital

Jeri Bland / Shutterstock

"The House Ways and Means Committee late Friday released an additional tranche of its portion of Democrats’ $3.5 trillion social spending package, covering a wide range of issues such as the child tax credit, infrastructure financing, clean energy incentives and health care," reports Naomi Jagoda.

The $3.5 trillion package will include the closely watched Infrastructure Investment and Jobs Act, approved by the Senate in August 2021, but much of the focus in this article is on the bill's extension (until 2025) of the child tax credit enacted earlier this year. "The bill would also make permanent expansions of the earned income tax credit and the child and dependent care tax credit. Those two credits and the child tax credit had been expanded as part of the $1.9 trillion coronavirus relief law that Biden signed in March," according to Jagoda.

Regarding infrastructure financing and housing, however: "The bill includes several provisions focused on tax-advantaged bonds, including the creation of a bond program that is similar to the Build America Bonds that were part of President Obama’s 2009 stimulus law."

"The bill also would expand the low income housing tax credit that benefits developers of affordable rental units," adds Jagoda. "The bill would extend a number of tax incentives for clean energy, and would create new tax credits for electric-vehicle owners." 

Saturday, September 11, 2021 in The Hill

Chicago Commute

The Right to Mobility

As we consider how to decarbonize transportation, preserving mobility, especially for lower- and middle-income people, must be a priority.

January 26, 2023 - Angie Schmitt

Sharrow bike markings on black asphalt two-lane road with snowy trees

Early Sharrow Booster: ‘I Was Wrong’

The lane marking was meant to raise awareness and instill shared respect among drivers and cyclists. But their inefficiency has led supporters to denounce sharrows, pushing instead for more robust bike infrastructure that truly protects riders.

January 26, 2023 - Streetsblog USA

View of stone-paved street with pedestrians and "Farmers Market" neon sign on left and old buildings on right in Seattle, Washington

Push and Pull: The Link Between Walkability and Affordability

The increased demand for walkable urban spaces could make them more and more exclusionary if cities don’t pursue policies to limit displacement and boost affordability.

January 27, 2023 - Smart Cities Dive

A tent covered in blue and black tarps sits on a downtown Los Angeles sidewalk with the white ziggurat-topped L.A. City Hall looming in the background

L.A. County Towns Clash Over Homelessness Policies

Local governments often come to different conclusions about how to address homelessness within their respective borders, but varying approaches only exacerbate the problem.

4 hours ago - Shelterforce Magazine

Rendering of mixed-use development with parks and stormwater retention on former Houston landfill site

A Mixed-Use Vision for Houston Landfill Site

A local nonprofit is urging the city to consider adding mixed-use development to the site, which city officials plan to turn into a stormwater detention facility.

5 hours ago - Urban Edge

Aerial view of downtown Milwaukee, Wisconsin at sunset

Milwaukee County Makes Substantial Progress on Homelessness

In 2022, the county’s point-in-time count of unhoused people reflected just 18 individuals, the lowest in the country.

6 hours ago - Urban Milwaukee