In a press release, House Financial Services Committee Chairwoman Maxine Waters (D-CA) announced she secured a commitment from President Joe Biden (D) to include housing in the partisan, reconciliation bill. In a speech on July 7 in Illinois, the president said the following on the reconciliation package, “We need to deal with the shortage of affordable housing in America. Over 10 million renters in this country pay more than half their income for the rent on their apartment, and the lack of affordable housing prevents people from moving to communities where there are more opportunities. So, we’re going to make historic investment in affordable housing, increasing and improving the housing supply by building and rehabilitating more than 2 million homes, especially in places that need more housing.”