U.S. Treasury Secretary Janet Yellen on Monday will announce housing funding as part of a Biden administration push to lower housing costs, the Treasury department said in a statement.

The new program administered by Community Development Financial Institutions Fund will provide additional $100 million over next 3 years to support the financing of affordable housing, the statement said.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Alison Williams)