Our nation provides way more generous benefits to the wealthiest homeowners while providing inadequate housing assistance to low-income families.
Both Senators Robert Menendez and Cory Booker voted for the package and all House members except for Congressman Garrett and Lance voted in favor.
The omnibus spending bill is not perfect, or even acceptable, but it could have been a lot worse if the sequester spending caps were nor raised.
“A Rare Occurrence: The Geography and Race of Mortgages Over $500,000,” finds that only 5% of new mortgages were larger than $500,000.
The bulk of the housing investment benefits high income households which get four times more housing benefits than low income households do.
DCA will administer NJ’s National Housing Trust Fund. Residents, advocates, and nonprofit developers must engage DCA so priorities can be discussed.
The NHTF is the only viable option currently in law to begin to address the appalling shortage of affordable rental housing in the United States.
Rep. Ed Royce (R-CA) wants to be the new chair the Financial Services Committee. He has focused on de-funding the National Housing Trust Fund.
Representative Keith Ellison (D-MN) is circulating a new letter asking his colleagues to cosponsor his “Common Sense Housing Investment Act of 2015.”
Only 25% of households eligible for housing assistance receive it and more than 80% unassisted households pay more than 30% of their income for rent.