Congresswoman Maxine Waters and Senator Kamala Harris Introduce Affordable Housing Bill

On November 21, House Financial Services Chairwoman Maxine Waters (D-CA-43) and Sen. Kamala Harris (D-CA) introduced the Housing is Infrastructure Act of 2019 (S.2951 & H.R.5187), a bill to invest over $100 billion in federal programs aimed at addressing housing affordability, including $70 billion to repair public housing.

The bill would also help spur affordable housing construction and development in low-income communities by providing $10 billion for the Community Development Block Grant Program, as well as $5 billion each for the HOME Investment Partnership Program and the Housing Trust Fund. It would also boost funding for the Capital Magnet Fund, catalyze development on Native American reservations through the Native American Housing Block Grant Program, and provide key funding for mitigation projects to limit damage from future disasters, among other things. Finally, the bill requires grantees to conduct outreach to minority and women owned businesses to inform them of opportunities created through the new funds.

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