The Campaign for Housing and Community Development Funding (CHCDF) on November 10 sent a letter to Senate Majority Leader Chuck Schumer (D-NY), House Speaker Nancy Pelosi (D-CA), Senate Banking Committee Chair Sherrod Brown (D-OH), and House Financial Services Committee Chair Maxine Waters (D-CA) urging the congressional leaders to take action quickly to enact the “Build Back Better Act,” including the vital affordable housing and community development investments currently included in the bill.
The legislation as currently drafted would make historic investments of over $150 billion in affordable housing and community development programs, including significant resources for the HoUSed campaign’s top priorities:
- $25 billion to expand rental assistance to approximately 300,000 households
- $65 billion to preserve the nation’s deteriorating public housing infrastructure
- $15 billion for the national Housing Trust Fund to build and preserve over 150,000 affordable, accessible homes for households with the lowest incomes
“Housing investments are foundational to other priorities in the Build Back Better Act, including healthcare and care economy infrastructure, racial equity, and climate change,” states the letter. “Like roads and bridges, housing investments are also foundational to infrastructure, shaping our built environment for decades. Long-term investments in fair, affordable, and accessible housing in strong, well-resourced communities provide families and individuals with low incomes the stability needed to thrive, while furthering neighborhood revitalization.”
Read the letter at: tinyurl.com/dm2k3c
Learn more about CHCDF at: tinyurl.com/3rsp52tx