Rep. Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, released the following discussion drafts in her legislative housing package:
- The Housing is Infrastructure Act of 2021 would provide a historic investment of over $600 billion in equitable, affordable and accessible housing infrastructure. This generational investment would address our national eviction and homelessness crises, increase access to homeownership and support a robust recovery from the pandemic by creating jobs, addressing climate change and improving housing stability for struggling households. Click here for bill summary.
- The Ending Homelessness Act of 2021 would end homelessness and significantly reduce poverty in America by transforming the Housing Choice Voucher program into a federal entitlement, so that every household who qualifies for assistance would receive it. The lead cosponsors of this bill are Reps. Emanuel Cleaver (D-MO) and Ritchie Torres (D-NY). Click here for bill summary.
- The Downpayment Toward Equity Act of 2021 would help address the U.S. racial wealth and homeownership gaps by providing $100 billion toward down payment and other financial assistance for first-generation homebuyers to purchase their first home. The lead cosponsors of this bill are Reps. Al Green (D-TX), Ayanna Pressley (D-MA), Jesús “Chuy” García (D-IL), Cindy Axne (D-IA) and Sylvia Garcia (D-TX). Click here for bill summary.
NH&RA is supportive of the legislation and looks forward to working with Chairwoman Waters, the bill cosponsors and members of the House Committee on Financial Services to advance these important legislative priorities.