The National Housing Trust Fund exists to create and maintain rental homes that are affordable and available to the lowest income households in America.
The Tax Reform Blueprint calls “for making the current-law mortgage interest provision a more effective and efficient incentive.”
NLIHC strongly encourages states to establish rents at 30% of a household’s income for the HTF so that ELI households are not cost-burdened.
The Senate has agreed to negotiate with the House the HUD Budget but the current stalemate in Washington makes it unlikely it will be approved this year.
The bill increases funding for homeless assistance programs and provides sufficient funding to renew existing project-based rental assistance contracts.
The status quo means giving significant tax breaks to families that earn more than $100,000 a year while giving little benefits to people with lesser income
Demanding that policymakers cut spending and/or raise taxes even when the economy slows is the opposite of what is needed to stabilize a weak economy and avert recessions.
The House is at a stalemate in advancing its proposed budget resolution approved by the Budget Committee in March 2016 in a party-line vote.
There are no major cuts, a few programs received funding increases and the bill ensures continued assistance to households currently served by HUD.
The NHTF is the first new affordable housing production program in a generation, and it’s the first to focus on extremely low income families.