Sending Office: Honorable James E. Clyburn
The affordable housing crisis continues to affect too many Americans who struggle to pay their rent. Nearly half of all renters in America
devote more than one third of their income to housing costs. As the housing supply fails to keep up with demand, housing costs keep rising, resulting in more evictions and more homelessness in America.
With a shortage of more than 7 million affordable units, many low-income renters now devote the largest portion of their income to rent. This makes it difficult for families to save and invest in their future. Exorbitant housing costs drive
low and middle income families out of desirable neighborhoods, exacerbating economic segregation and stifling economic mobility across the country.
A major driver of low housing supply and high housing costs is the use of exclusionary zoning policies. The limitations on certain types of development—such as multifamily housing—depress the number of new units available and drive up the cost of existing
To address exclusionary zoning rules and stimulate more diverse, affordable housing opportunities for low and middle income Americans, I have introduced H.R. 7050, the Housing Opportunity, Mobility and Equity (HOME) Act of 2018. This bill
will accomplish two important goals:
- Requiring entities receiving federal Community Development Block Grants (CDBG) to create an inclusive zoning strategy which supports new unit-developing policies, programs, or regulatory initiatives; and
- Administering a refundable renters’ credit through the tax code to offer significant relief for anyone whose rent is more than 30 percent of their before-tax income. The credit would cover the difference between 30 percent of a beneficiary’s income and
the small area fair market rent of their area or actual rent paid (whichever was less).
Importantly, this bill will benefit more than 13 million families burdened by high housing costs. More accessible, affordable housing means longer life expectancy and lower infant mortality as stable housing is one of the most important social determinants
of health. I hope you will join us in helping address the housing crisis affecting millions of Americans.
Please contact Lin Whitehouse with my office at
email@example.com with any questions or to be added as a cosponsor.
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