Last month, Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) announced a process for soliciting legislative proposals that would increase economic growth and/or enable consumers, "market participants" and financial companies to better participate in the economy. In testimony submitted on April 14, Enterprise makes the case that investments in affordable housing must be part of any federal strategy to promote strong and inclusive growth. We then lay out six specific proposals for the committee: 1) expand support for renters as part of any effort to reform America’s mortgage finance system, 2) attract private investment to repair America’s crumbling public housing, 3) support federal tax incentives that use private sector capital to build and preserve affordable housing, 4) reject proposed cuts to crucial affordable housing programs, 5) create a new federal fund to help test and scale innovative financial products that encourage low-income households to save, with a focus on unrestricted emergency savings, and 6) invest in affordable housing that connects low-income workers to jobs via transit as part of improving critical infrastructure. Read the full testimony here.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing