BackgroundNow is the time to ensure that any infrastructure and economic recovery package includes the highest allocation possible for housing investments for America’s lowest-income and most marginalized households. Congressional leaders are expected to release in the coming days a budget resolution outlining the topline spending amounts for an infrastructure package and economic recovery package, as well as allocations for housing investments. Once the budget resolution is approved by Congress, each committee – including the Senate Banking Committee and House Financial Services Committee – will draft legislation to divvy up its allocation among various programs. House Financial Services Committee Chair Maxine Waters (D-CA) has introduced two major bills to advance the #HoUSed campaign’s policy agenda – through the infrastructure and economic recovery package and beyond. Chair Waters’s “Housing is Infrastructure Act” would provide $600 billion in housing investments in any infrastructure package. The bill provides robust funding for HoUSed campaign’s top priorities, including $200 billion for rental assistance, $75 billion to repair and preserve public housing, and $45 billion to build homes affordable to people with the lowest incomes through the national Housing Trust Fund.Chair Waters’s “Ending Homelessness Act” would create a universal rental assistance program – a key pillar of the #HoUSed campaign’s legislative agenda. Funding for rental assistance would be mandatory and phased in over ten years to ensure every eligible household receives a housing voucher. If enacted, the bill would help ensure everyone has a safe, decent, affordable, and accessible place to call home. |