Joint Trade Letter on Housing Legislation
April 30, 2024
On Monday, April 29, CREFC joined 20 housing and real estate trade organizations in a letter to Congress urging action on legislation to create and support affordable housing development. Click here for the letter.
Why it matters: Many Americans are unable to rent or buy homes due to increased housing costs. These rising costs are driven by a lack of supply created by barriers to development that increasingly make it extremely challenging, particularly a price affordable to low- and middle-class families.
Go deeper: The letter highlights a number of bills focused on increasing housing supply, both affordable and market rate, through direct investment, public-private partnerships, lowering regulatory burdens, and tax incentives.
What’s next: CREFC and the signatories will highlight the legislation to members of Congress and the Biden Administration. While the outlook for enactment of any legislation ahead of the November election is slim, sustained advocacy can help bills advance in the lame-duck session or a future Congress.
Contact David McCarthy (dmccarthy@crefc.org) with questions.