Today, Senators Todd Young (R-IN), Maria Cantwell (D-WA) and Angus King (I-ME) reintroduced the “Task Force on the Impact of the Affordable Housing Crisis Act,” along with thirteen other original sponsors: Tim Kaine (D-VA), Doug Jones (D-AL), Cory Gardner (R-CO), Marco Rubio (R-FL), Chris Coons (D-DE), John Kennedy (R-LA), Lisa Murkowski (R-AK), Jeanne Shaheen (D-NH), Maggie Hassan (D-NH), Elizabeth Warren (D-MA), Amy Klobuchar (D-MN), Susan Collins (R-ME), and Jon Tester (D-MT).
Sen. Young, a strong champion of affordable housing, said, “I’ve seen firsthand in Indiana how a lack of affordable housing has negative and lasting consequences. The inability to access safe and affordable homes leaves Hoosier families with fewer dollars to spend on important expenses like health care and groceries… Our bipartisan bill would assemble a group of experts to better understand the housing affordability crisis so that we can take legislative action and end the cycle of poverty for millions of struggling Americans.”
The task force would (1) evaluate and quantify the impact that a lack of affordable housing has on other life outcomes and sectors; (2) evaluate and quantify the costs incurred by the government due to a lack of affordable housing; and (3) make recommendations to Congress on how to improve upon affordable housing programs and policies.
The Affordable Housing Tax Credit Coalition applauds the leadership of Sens. Young, King, Cantwell, and the other original sponsors, and is one of more than seventy organizations who have signed on in support of the bill. To learn more, see Sen. Young’s press release detailing the introduction of this bipartisan bill here.
We also encourage Congress to consider the role that the Low-Income Housing Tax Credit has already played in helping to address our nation’s shortage of affordable housing, and the importance of expanding and strengthening the Housing Credit as part of any solution, and thank Sens. Young and Cantwell for recently reintroducing the Affordable Housing Credit Improvement Act (S. 1703) to provide an immediately actionable bipartisan solution.