flexiblefullpage - default
Currently Reading

California Rep. Maxine Waters Proposes Billions to Help Low-Income Homebuyers

Advertisement
billboard - default
Government + Policy

California Rep. Maxine Waters Proposes Billions to Help Low-Income Homebuyers

The new proposal aims to significantly expand funding for low-income housing


June 22, 2023
House model surrounded by cash on top of American flag cut out
Image: Angelov / stock.adobe.com

California Representative Maxine Waters introduced three bills on Wednesday that would expand low-income housing and narrow the country’s racial wealth gap. If passed, the trio of bills will allocate $100 billion in direct assistance to first-time homebuyers; more than $150 billion in fair and affordable housing investments; and will expand the housing voucher program, commonly known as Section 8, to make it accessible to every American family that qualifies.

The bills would make homeownership more affordable and create more affordable housing development for first-generation homebuyers, socially and economically disadvantaged homebuyers, and individuals currently experiencing homelessness, The New York Times reports.

“Housing should be our number one priority. Every member of Congress has not one but two decent places to live — one in Washington, D.C., and one in our home district,” Ms. Waters said in an interview. “We cannot continue to claim we are the greatest nation on earth with people living on the street and without their basic needs being taken care of.”

Read more

 

Advertisement
leaderboard2 - default

Related Stories

Economics

Gen Z Feels Weight of US Debt Burden While Trying to Enter Housing Market

Current US debt has surpassed levels reached in the aftermath of World War II, with Gen Z bearing the brunt

Energy Efficiency

New Bill Aims to Curb Energy-Efficiency Standards for Home Appliances

Passage of the act by the House would add hurdles to creating new appliance standards and also make it easier to revoke existing standards

Affordability

$5.5B in Grants Allocated for Affordable Housing, Homelessness

With this funding, the Biden administration aims to boost the housing supply, lower housing costs, expand rental assistance, and enhance renter protections

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.