On October 21, House Financial Services Committee (HFSC) Chairwoman Maxine Waters convened a hearing to discuss how housing is the key to building back a better America. In the hearing, Chairwoman Waters emphasized the importance of including robust housing investments in the Build Back Better Act for enabling our families and economy to thrive. The hearing featured a panel discussion that included witnesses with lived experiences of housing affordability and insecurity challenges, as well as a policy panel discussion on how robust investments in housing will promote positive economic, racial equity, climate mitigation, and health outcomes.
Additionally, last week 44 mayors, representing cities and towns around the country, sent a letter to congressional leadership and the White House urging them to maintain key affordable housing priorities in the Build Back Better Act. The Mayors highlighted the Low-Income Housing Tax Credit, the HOME Program, CDBG, Housing Choice Vouchers, and Project-Based Rental Assistance as key to expanding supply and people’s access to safe, decent affordable housing.
As Democratic lawmakers and White House Officials close in on a new framework this week and consider making significant cuts to their initial proposal, Enterprise urges them to maintain the highest level of investment in our affordable housing infrastructure to address the rapidly growing shortage of affordable homes in cities, rural communities, and everywhere in between.