Representative Norma Torres (D-CA) led 15 of her House colleagues in re-introducing on March 29 the “Keep Your Home and Prevent Homelessness Act” (H.R. 2292). If enacted, the bill would amend the “Emergency Economic Stabilization Act of 2008” to authorize the use of funding for the Troubled Assets Relief Program for assistance under the national Housing Trust Fund (HTF), resulting in an investment of at least $500 million – and potentially billions of dollars – into the HTF.
“Even before the pandemic, millions of America’s lowest-income and most marginalized households struggled to pay rent, and now, these same families are at even greater risk of housing instability and, in worst cases, homelessness,” NLIHC’s President and CEO Diane Yentel stated in a press release about the bill. “I applaud Congresswoman Torres for introducing common-sense legislation to expand the national Housing Trust Fund to build and preserve stable, affordable homes for renters with the greatest needs.”
Read more about the bill here.