Democrats in the House and Senate have pressed President Biden to lower housing costs before leaving the White House. in a dated letter Wednesday.
“I write today to thank you for your historic efforts to expand tenant protections and lower housing costs, and to encourage you to take further action before your term ends,” the letter reads.
“Under your leadership, the Biden-Harris administration has taken important steps to protect renters from predatory corporate landlords and make homebuying and refinancing more affordable,” the letter continues. . It was first reported HuffPost. “But there is much more that can be done using the executive branch's existing legal powers. We recommend the following recommendations to address the high housing costs felt by millions of Americans. I suggest.
The letter also includes key progressives such as Sens. Elizabeth Warren (Mass.) and Ed Markey (Mass.), as well as Reps. Jamal Bowman (New York) and Alexandria Ocasio-Cortez ( It was signed by more than 30 Democratic members of Congress, including U.S. Representatives (New York) and Rep. Barbara Lee (California). , Katie Porter (California), Pramila Jayapal (Washington State), Rashida Tlaib (Michigan State). Sen. Bernie Sanders (R-Vermont) also signed the letter.
In the letter, the lawmakers said they would “reduce housing costs for American families” by “tackle junk fees,” “lower credit reporting costs,” and “promote housing development on federal property.” The following measures were recommended.
“Housing costs continue to be the largest monthly budget item for many American households, burdening renters and putting homeownership out of reach for far too many,” the letter said. It is written.
A second-quarter analysis released in July found that spending on a median-priced home was 35.1 percent of the national average wage, the highest since 2007.
In August, the Biden administration announced a $100 million investment targeting barriers to affordable housing construction, with the funds, along with other organizations, providing grants to state and local governments called Barriers to Housing. It will be made available through the “Route to Remove” program. It is a broader attempt to “identify and remove barriers to the production and preservation of affordable housing.”
Hill contacted the White House.
