Tell Congress to oppose a bill that would stop payments to national Housing Trust Fund!
The House Financial Services Committee will vote on Tuesday, December 12 on a bill, H.R. 4560, introduced by Congressman French Hill (R-AR) that holds hostage funding for the national Housing Trust Fund if Fannie Mae or Freddie Mac need a draw from Treasury. If this occurs, funding to the Housing Trust Fund would likely only be restarted if Congress passes housing finance reform legislation. NLIHC strongly opposes this bill, which would cut off funding for critically needed affordable housing resources for struggling families. Please sign your organization onto this national letter urging Congress to protect the Housing Trust Fund and call your representatives telling them to oppose H.R. 4560.
Background
The national Housing Trust Fund is the first federal housing resource in a generation designed to help build and preserve rental homes affordable to people with the lowest incomes. It is specifically designed to address the housing needs of people most severely impacted by the U.S. rental housing crisis, including America’s lowest income seniors, people with disabilities, families with children, and people experiencing homelessness.
If enacted, H.R. 4560 would stop funding for the Housing Trust Fund if Fannie Mae and Freddie Mac need a draw from Treasury. If this occurs, funding for the Housing Trust Fund will likely be suspended until Congress enacts legislation to reform Fannie Mae and Freddie Mac, which have been in government conservatorship for nearly a decade.
NLIHC believes that bipartisan housing finance reform is long overdue, but holding the Housing Trust Fund hostage at a time when our country is experiencing a severe shortage of affordable rental housing for people with the greatest needs is unnecessary, cruel, and counter-productive.
See NLIHC’s factsheets on the Housing Trust Fund and how states plan to use this resource.
How You Can Take Action
Take action before the House Financial Services Committee votes on Tuesday, December 12 on H.R. 4560 that would put critical housing resources for the lowest income people at risk.
- Sign your organization onto this national letter urging Congress to protect the Housing Trust Fund.
- Call your representatives telling them to oppose H.R. 4560.