NLIHC President and CEO Diane Yentel will testify at a U.S. House of Representatives Financial Services Committee (HFSC) hearing, “Housing Affordability: Governmental Barriers and Market-Based Solutions,” on Wednesday, December 6, at 10 am ET. The hearing will examine market-based approaches to addressing the affordable housing crisis and governmental barriers that impede their implementation.
Other witnesses at the hearing will include Seth Appleton, president of U.S. Mortgage Insurers (USMI); Norbert Michel, vice president and director of the Center on Monetary and Fiscal Alternatives at the CATO Institute; Dr. Emily Hamilton, senior research fellow and director of the Urbanity Project at the Mercatus Center at George Mason University; and Arianna Royster, president of Borger Residential, on behalf of the National Apartment Association (NAA).
In her testimony, Diane will address the underlying causes of the affordable housing crisis, the current state of the housing market, and the immediate and long-term federal policy solutions needed to ensure that renters with the lowest incomes have an affordable place to call home. Diane will also discuss how the severe shortage of affordable rental housing and widening gap between incomes and housing costs are impacting low-income renters, putting them at risk of housing instability and, in the worst cases, homelessness.
Watch the hearing, read the Committee Memorandum, and access witnesses’ testimony here.