Senator Cory Booker (D-NJ) introduced the “Housing, Opportunity, Mobility, and Equity (HOME) Act” (S.3342) on August 1. This bold new bill provides a refundable tax credit to individuals who spend more than 30% of their income on rent. The proposal also encourages inclusionary zoning as a means to increase the supply of affordable housing and to reduce housing discrimination based on race and income. NLIHC supports Senator Booker’s legislation, which would make it possible for millions of people to have access to affordable homes.
“Three out of every four eligible families in need of housing assistance are turned away due to chronic underfunding,” said NLIHC President and CEO Diane Yentel in a press release about the bill. “Senator Booker’s ambitious bill would significantly expand housing resources and help end housing poverty and homelessness, offering more families the opportunities that start with living in an affordable home.”
Read NLIHC’s press release at: https://bit.ly/2KmEP6r