Housing Featured During Treasury Secretary Confirmation Hearing

Affordable housing, evictions, housing finance reform, and the LIHTC came up several times during the confirmation hearing for Treasury Secretary nominee Dr. Janet Yellen. During her questioning Senator Maria Cantwell (D-WA) reiterated the importance of affordable housing saying, “I look forward to working with you to increase Affordable Housing Tax Credits. My colleague Senator Young and I continue to…we know you know and understand how much affordable housing is important to our country and economy.” Chairman Mike Crapo (R-ID) then followed up by saying “Thank you, and I agree with you on that as well.” When Sen. Catherine Cortez Matso (D-NV) asked about how the Treasury Department could help address the affordable housing crisis in Nevada and across the country , Yellen responded by saying, “it is a huge problem. We need to devise ways to support affordable housing. Things like the Low Income Housing Tax Credit I think that has been very important. We need to come up with other innovative strategies because this really is a crisis in many parts of the country.”