Call to Action

Introduction

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, introduced a comprehensive and holistic legislative housing package to address our nation’s housing crises, holding the advancement of racial equity as a leading objective. The three bills included in the housing package are:

 

·         The Housing is Infrastructure Act of 2021  provides a historic investment of over $600 billion in equitable, affordable, and accessible housing infrastructure. This bill includes up to $70 billion that could be used to expand shared equity homeownership.

·         The Downpayment Toward Equity Act of 2021 helps address the U.S. racial wealth and homeownership gaps by providing $100 billion over a decade toward downpayment and other financial assistance for first-generation homebuyers to purchase their first home. While this bill was introduced as a standalone bill to garner endorsers and Congressional sponsors, it is now included in the larger Housing is Infrastructure Act and authorized for $10 billion. These funds can be used to provide subsidies in shared equity homes.

·         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.

 

Chairwoman Waters has asked that all affordable housing industry leaders and advocates work now to create a groundswell of political support and pressure like never before, signaling to Congress and the Administration that robust and comprehensive resources for housing cannot be cut from the infrastructure package as it goes through the reconciliation process. Grounded Solutions Network asks your organization to join us and endorse all three bills.
My Organization Endorses
 Yes No
Information