[Congressional Record Volume 169, Number 53 (Thursday, March 23, 2023)]
[House]
[Page H1336]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AFFORDABLE HOUSING CREDIT
(Ms. PORTER asked and was given permission to address the House for 1
minute and to revise and extend her remarks.)
Ms. PORTER. Mr. Speaker, across the country, too many Americans are
competing for too few homes. Building material shortages push up
development costs, slow construction, and leave families scrambling.
Cities, States, and industry cannot alone overcome these staggering
obstacles. They need Federal cooperation, and Washington is failing to
be a good partner.
Last Congress, we had a real shot at getting this done. I backed a
bipartisan proposal to give States more tax credits to build affordable
homes. It would have modernized bond financing requirements to fund
more housing with less debt.
These actions could have helped build more than 300,000 homes in
California. We would lower costs for families, bring new jobs to our
communities, and grow our entire economy.
Americans are struggling because of the housing crisis, a crisis of
cost and supply. Californians have a message for Washington: We need
help with housing.
____________________