- Former
Rep. John Delaney
« Affordable Housing
Friends of John Delaney
Wednesday, October 16, 2019
CONTACT: Carrie Healey
Delaney Releases Affordable Housing
Plan
"We have failed to respond to the growing inaccessibility of affordable housing for millions of Americans across the country," said John Delaney. "Families today spend larger percentages of their paychecks on housing each year, and we face a national shortage of more than 7 million affordable housing units. The threat of eviction and homelessness can have a lasting, negative impact on parents and growing children. We must provide real-world, market-based solutions that will increase the supply of affordable housing and help struggling families stay in their homes. American families deserve better."
The plan includes:
- A 25-fold funding increase for the Housing Trust Fund
- Creating a new $50 billion affordable housing grant program to encourage zoning reform
- Creating a right-to-counsel for eviction procedures, and providing $500 million in federal funding to secure legal representation for low-income earners
The affordable housing plan is copied below.
Affordable Housing
More than 10 years after the financial crisis, we still have not taken action to fix our broken housing finance system. In Congress, Delaney proposed a bipartisan housing finance reform package that stabilizes the market, protects taxpayers from funding any new bailouts, and generates revenue to fund affordable housing programs. Delaney’s $125 billion affordable housing plan will increase federal investment, deter local policies that prevent the construction of new affordable housing units, and help low-income families afford rent and stay in their homes. This new investment will directly support the construction of more than 5 million new affordable housing units, in addition to millions of new market-rate housing units encouraged through zoning reform. The significant increase in housing supply will help reduce the rapid inflation of rent and housing costs that we have seen over the past decade.
- The Housing Trust
Fund (HTF), which supports the construction and
maintenance of affordable rental housing, has made
$905 million available to state
housing agencies since it first received funding
in 2016. HTF awards benefit households earning
less than 50% of the median income for the area
where they live, with the majority of HTF money
directed to support households earning less than
30% of their area’s median income.
- Delaney will increase funding for the HTF to a minimum of $7 billion annually, a greater than 25-fold increase over the HTF funding level in 2019.
- Government support
through the HTF is not sufficient to solve
the affordable housing crisis. We need
more construction financed by the private
sector, but overly restrictive zoning laws are
constraining the supply
of affordable housing by preventing
new units from being built.
- Delaney will create a new annual $5 billion affordable housing grant program that provides additional funding to housing agencies in states and municipalities that remove zoning restrictions that limit the construction of affordable multifamily housing.
- Each year, there
are more than 2
million eviction filings and nearly 1 million
families get evicted from their homes.
Eviction leads to a wide
array of negative consequences, including
higher rates of depression among evicted mothers
and worse physical health outcomes among evicted
mothers and their children. The overwhelming
majority of low-income families involved in
eviction proceedings do so without the
assistance of counsel, which leaves them unable
to assert their legal rights and vulnerable to
unscrupulous landlords. Tenants in eviction
cases who have legal representation are able to
stay in their homes at rates up to 4.4 times
higher than those without counsel.
- Delaney will create a right-to-counsel for eviction procedures and provide an annual $500 million in federal funding to secure legal representation for low-income renters.
- New York City, San Francisco, and Newark have adopted laws establishing a right-to-counsel in eviction cases. The American Bar Association endorsed a right-to-counsel for eviction cases in 2006.
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