Katie Porter: “Across the country, too many Americans are competing for too few homes. Building material shortages push up development…”

“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. ____________________”