DearColleague.us

Letter

Maxine Waters

From the office of:

Maxine Waters

Sending Office: Honorable Maxine Waters
Sent By:
Janae.Ladet@mail.house.gov

        Request for Cosponsor(s)

Become a Cosponsor of H.R. 5187, The Housing Is Infrastructure Act of 2020,
and Urge Congress to Include Housing in the Next COVID-19 Stimulus Package

***This bill is supported by: the Association of State Floodplain Managers, Capital Magnet Fund Coalition, Consortium for Citizens With Disabilities Housing Task Force, Corporation for Supportive Housing, Council of Large Public
Housing Authorities, Council of State Community Development Agencies, Enterprise Community Partners, Housing Assistance Council, LeadingAge, Local Initiatives Support Corporation, Mayors and CEOs for U.S. Housing Investment, National Alliance on Mental Illness,
National Apartment Association, National Association for County Community and Economic Development, National Association of Counties, National Association of Home Builders, National Association of Housing and Redevelopment Officials, National Coalition for
Asian Pacific American Community Development, National Community Development Association, National Housing Conference, National Housing Law Project, National Housing Trust, National Low Income Housing Coalition, National Multifamily Housing Council, National
Community Reinvestment Coalition, Natural Resources Defense Council, National Urban League, PolicyLink, Public Housing Authorities Directors Association, UnidosUS, and Up for Growth Action.***

Dear Colleague:

We have yet to see the worst of the economic impacts of COVID-19, but it is already abundantly clear that we will need additional bold economic stimulus measures to promote job creation and get our economy back on track. Investing in affordable housing construction
and rehabilitation would do just that. According to the National Association of Home Builders, building 100 affordable rental homes generates 297 jobs, $28 million in wages and business income, and $11 million in taxes and revenue for state, local, and federal
governments.[1] Further, research from the Campaign of Housing and Community Development Funding (CHCDF) shows that HUD programs boost local economies, supporting hundreds of thousands of jobs each year.

My legislation, “The Housing Is Infrastructure Act” (H.R. 5187), would authorize approximately $100 billion to invest in the nation’s affordable housing infrastructure through existing programs with well-established rules and distribution systems, which
in turn would produce or preserve an estimated 1.8 million affordable homes and support millions of jobs. This investment in affordable housing would also make considerable strides towards addressing the nationwide shortage of more than 7 million rental housing
units that are affordable and available to the lowest income families.[2]

The “Housing Is Infrastructure Act of 2020” would provide the following investments into our affordable housing infrastructure:

  • $70 billion to fully address the capital needs backlog for nearly
    1 million public housing homes;
  • $1 billion to fully address the capital needs backlog for approximately
    14,000 Section 515 and 514 rural homes;
  • $1 billion to support mitigation efforts that can protect communities from future disasters and reduce post-disaster federal spending;
  • $5 billion for the Housing Trust Fund to support the creation of nearly
    60,000 new units of housing that would be affordable to the lowest income households;
  • $100 million to help over 13,300 low income elderly households in rural areas to age in place;
  • $1 billion for the Native American Housing Block Grant Program to create or rehabilitate over
    8,800 affordable homes for Native Americans on tribal lands; 
  • $10 billion for a CDBG set-aside to incentivize states and cities to eliminate impact fees and responsibly streamline the process for development of affordable housing;
  •  $5 billion for the HOME Investment Partnerships Program to fund the construction, purchase, or rehabilitation of over
    136,600 affordable homes for low-income people;
  • $2.5 billion for the Supportive Housing for the Elderly program (Section 202) to create over
    54,800 new homes affordable to low income seniors;
  •  $2.5 billion for the Supportive Housing for Persons with Disabilities program (Section 811) to create
    27,000 new homes affordable to low income individuals with disabilities; and,
  • $2.5 billion to the Capital Magnet Fund for competitive grants to Community Development Financial Institutions to create or preserve nearly
    450,000 affordable homes.

The bill
text
, and the
executive summary
are linked. For more information, or to be added as a cosponsor, please contact
Janae.Ladet@mail.house.gov

Sincerely,

/s/

MAXINE WATERS

Chairwoman

Committee on Financial Services

 


[1] National Association of Home Builders, Housing Fuels the Economy, “Housing and the Economy”.

[2] National Low Income Housing Coalition, The Gap: A Shortage of Affordable Homes, March 2019.

Related Legislative Issues

Selected legislative information: Appropriations, Economy, Government

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