One in two households pay more than 30 percent of their gross income on rent and one in four pay more than 50 percent of their gross income on rent.
Our nation provides way more generous benefits to the wealthiest homeowners while providing inadequate housing assistance to low-income families.
The bulk of the housing investment benefits high income households which get four times more housing benefits than low income households do.
United for Homes (UFH) May 15th letter to the House of Representatives explains H.R. 1662, the Common Sense Housing Investment Act of 2015.
With the new resources generated by Mr. Ellison’s bill, we can end homelessness by ensuring that they have a decent, stable, and affordable home.
The Common Sense Housing Investment Act of 2015, would invest more than $200 billion over ten years to expand the supply of affordable rental housing.
The bill incorporates the United for Homes campaign proposal to reform the mortgage interest deduction and applies the majority of the savings to the National Housing Trust Fund, has 12 co-sponsors.