WASHINGTON—Deputy U.S. Treasury Secretary Wally Adeyemo on Monday called on state, local and tribal governments to use more of their shares of a $350 billion COVID-19 relief fund to address a severe shortage of affordable housing.
Adeyemo was pressing his case during a visit to Los Angeles to highlight California officials’ plans to use $7.4 billion of the state’s $27 billion allotment from the State and Local Fiscal Recovery Funds to address housing needs.
