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[REGIONAL NEWS] Moderate Democrats back 4 bills aimed at making housing more affordable

Posted by   /  October 18, 2019  /  No Comments

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A “For Rent” sign is seen on a building Hollywood, California, May 11, 2016. Angelinos are feeling the increasing burden of rising rents and threats of eviction as forecast indicate rent prices will continue to rise through 2018.
/Photo credit should read ROBYN BECK/AFP/Getty Images

By Abby Vesoulis | TIME

Millions of Americans find themselves in a “Catch-22” when it comes to being able to afford the most basic of needs—a roof over their heads.

A group of moderate Congressional Democrats is endorsing four bills to address affordable housing on Friday, the group, New Democrat Coalition (NDC), tells TIME.

“Access to safe and affordable housing is essential to our quality of life. Unfortunately, housing prices continue to rise and middle-class families are being pushed out of the market,” said NDC Housing Task Force Co-Chair Rep. Ben McAdams, of Utah. “I’m proud that our Task Force has identified concrete steps Congress can take to boost the supply of housing.”

Housing prices are rising faster than wages in 80% of U.S. markets, according to a 2019 report by ATTOM, a real estate data firm. Renting is supposed to be a viable option for those who can’t yet afford a mortgage or down payment, but that is increasingly becoming out of reach, too. 

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