Investing in A New Vision for the Environment and Surface Transportation in America Act

Floor Speech

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Ms. DelBENE. Mr. Speaker, I rise today in support of H.R. 2, the Moving Forward Act. It is comprehensive infrastructure legislation that will rebuild and modernize our infrastructure, build a clean energy future, and put people to work across the country. The bill also includes my bipartisan Affordable Housing Credit Improvement Act, provisions from that act.

I have heard, in my State of Washington, from several housing projects that are halted due to the falling 4 percent rate. This bill would establish a permanent 4 percent credit, helping projects that are currently stalled across the country.

The bill makes a substantial investment in the housing credit by increasing the annual allocation by more than 50 percent over 2 years. It also adds important incentives for rural and Tribal communities and for projects that serve extremely low-income families. In total, the affordable housing credit provisions in H.R. 2 will produce more than 600,000 affordable housing units over 10 years.

H.R. 2 is a crucial step for relief and recovery, and I urge my colleagues to vote ``yes.''

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