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Yellen announces efforts to boost housing supply as high prices create crunch
![Rich Pedroncelli FILE - A for sale sign is posted in front of a home in Sacramento, Calif., March 3, 2022. The Biden administration is announcing new federal initiatives to increase access to affordable housing as high interest rates and still-high prices on groceries and other necessities have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary Janet Yellen is traveling to Minneapolis on Monday, June 24, 2024, to promote the new investments. (AP Photo/Rich Pedroncelli, File)](https://mapi.associatedpress.com/v2/items/574a599e0b024ad4a91c9001c2ead32d/preview/preview.jpg?s=680x)
FILE - A for sale sign is posted in front of a home in Sacramento, Calif., March 3, 2022. The Biden administration is announcing new federal initiatives to increase access to affordable housing as high interest rates and still-high prices on groceries and other necessities have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary Janet Yellen is traveling to Minneapolis on Monday, June 24, 2024, to promote the new investments. (AP Photo/Rich Pedroncelli, File)
![Jacquelyn Martin FILE - Treasury Secretary Janet Yellen testifies during a Senate Appropriations Subcommittee hearing, June 4, 2024, on Capitol Hill in Washington. The Biden administration is announcing new federal initiatives to increase access to affordable housing as high interest rates and still-high prices on groceries and other necessities have dramatically pushed up the cost of living in the post-pandemic years. Yellen is traveling to Minneapolis on Monday, June 24, 2024, to promote the new investments. (AP Photo/Jacquelyn Martin, File)](https://mapi.associatedpress.com/v2/items/b7a253af6c19470f95dbad5a0f9fa40a/preview/preview.jpg?s=680x)
FILE - Treasury Secretary Janet Yellen testifies during a Senate Appropriations Subcommittee hearing, June 4, 2024, on Capitol Hill in Washington. The Biden administration is announcing new federal initiatives to increase access to affordable housing as high interest rates and still-high prices on groceries and other necessities have dramatically pushed up the cost of living in the post-pandemic years. Yellen is traveling to Minneapolis on Monday, June 24, 2024, to promote the new investments. (AP Photo/Jacquelyn Martin, File)