4.5.21
Market observers expect bankers to invest in new projects arising from the Biden Administration’s new infrastructure plan. The $2 trillion proposal, announced March 31, will provide numerous ways for banks to make loans to finance projects aimed at improving the aging roads, bridges, and water systems throughout the U.S, as well as the construction of new schools. Furthermore, $213 billion of the proposal is being designated for affordable and sustainable housing. The American Banker reports that banks have already begun drafting marketing materials and exploring new products to give commercial borrowers should government contracts become available.