Trone: Federal government must step in to increase supply of affordable housing in country
Credit: Tri-State Alert
Congressman David Trone (D-MD) underscored the urgent need for expanded affordable housing and federal action by Congress to increase its supply at a hearing of the Joint Economic Committee. The hearing comes just one day after the Tax Relief for American Families and Workers Act of 2024 agreement was reached, which includes an expansion of the Low-Income Housing Tax Credit. During the hearing, Trone praised the inclusion of that expanded tax credit in the agreement and discussed the need to boost housing supply across the country.
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“Housing is a basic human right, yet too many American families struggle to find homes they can afford in the short and long term. While I’m glad to see some progress on this issue with the inclusion of the expanded Low-Income Housing Tax Credit in the new tax agreement, I also know that housing affordability is an issue we must address urgently and deliberately on the local, state, and federal levels,” said Congressman David Trone. “One in four people spend more than half of their income on rent, hindering their ability to save for emergencies or the future – that’s unacceptable. We must continue pushing to address our inadequate housing supply, as well as our exclusionary zone and land use laws, if we hope to once again make the American dream an attainable one.”
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