Congressman Horsford Joins Transformative Bills to End Affordable Housing Crisis and Racial Homeownership Gap
Press Release
WASHINGTON, D.C. -- Congressman Steven Horsford (D-NV-04) has co-sponsored three new bills that would address Nevada's housing crisis with major investments in affordable housing, homelessness prevention, and assistance for first-time homebuyers. Together, these bills would invest more than $700 billion and ensure safe, affordable housing for all families.
"Earlier this month, home prices in Southern Nevada hit an all-time high, pushing homeownership out of reach for even more families. We cannot rebuild from the pandemic if hard-working families are priced out of our communities," said Congressman Steven Horsford. "As we work to secure emergency aid for families at risk of housing insecurity, I'm proud to co-sponsor these three bills, which would make long-term investments to increase affordable housing, end homelessness, and build wealth in underserved communities by addressing the racial homeownership gap."
The Housing is Infrastructure Act would provide over $600 billion in affordable housing investments to:
Fully address the capital needs backlog of public housing
Support the creation of affordable housing for low-income and other vulnerable groups
Upgrade existing housing to keep residents safe and improve energy efficiency and climate resiliency
Support community-led development projects
Strengthen fair housing oversight and enforcement
Expand lending options and help for first-generation homebuyers
The Ending Homelessness Act is a comprehensive plan to provide safe and affordable housing for all Americans. The bill would:
Transform the Housing Choice Voucher program into a federal entitlement that would be phased in over eight years
Prohibit housing discrimination based on income source
Provide mandatory funding to create new affordable housing units, expand outreach to vulnerable populations, and integrate housing and health care initiatives
Permanently extend the U.S. Interagency Council on Homelessness
The Downpayment Toward Equity Act would provide $100 billion to address multigenerational wealth inequities and racial disparities in homeownership by:
Providing up to $25,000 in financial assistance with mandatory counseling to more than 5 million eligible first-generation homebuyers, as well as socially and economically disadvantaged homebuyers
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