On February 14, the U.S. Treasury announced that state and local governments have invested $14.2 billion in State and Local Fiscal Relief Recovery Funds (SLFRF) from the American Rescue Plan Act for more than 1,800 “housing affordability-related projects.”

State and local recipients have also budgeted over $10 billion in SLFRF funds for more than 3,000 projects to support and expand the workforce, according to the Treasury.

In a February 14 speech to the National Association of Counties, Treasury Secretary Janet Yellen noted “two priority areas where we’ve seen particularly transformative investments” and named workforce and affordable housing.