Mayors and CEOs Launch New Affordable Housing Initiative

Fourteen mayors and a number of corporate leaders are launching “Mayors & CEOs for U.S. Housing Investment,” which calls on the federal government to invest more money into affordable housing and homeless services. The coalition is focused on federal policy changes, such as maximizing funding for federal housing programs, including successful grant programs that encourage innovation and partnerships. The coalition is also calling for the creation of a Housing Stabilization Fund that HUD would use to provide one-time, short-term emergency housing assistance to households below 80 percent of area median income. The group of mayors and CEOs represents a bipartisan and geographically diverse range of communities across the country, including Denver, Little Rock, Los Angeles, Oakland, Philadelphia, Phoenix, and Washington, D.C., as well as Airbnb, GHC Housing Partners and Sutter Health. San Francisco Mayor Ed Lee, who passed away suddenly last year, initiated the effort.

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