Wiley Nickel: “More than 343,000 households in North Carolina spend over half of their monthly income on rent, leaving too little for…”

“More than 343,000 households in North Carolina spend over half of their monthly income on rent, leaving too little for other expenses like healthcare, transportation, and groceries. Access to safe and affordable housing is essential to the well-being of working families and individuals in North Carolina and throughout the country. That is why I am proud to introduce the Keep Housing Affordable Act. The Keep Housing Affordable Act is a crucial solution that incentivizes developers to maintain the affordability of homes for a long time to come. My bill will bolster and expand the low-income housing tax credit, which currently only requires affordable housing units to remain affordable for 30 years. My bill will provide incentives for units to remain affordable for decades to come. This will help boost the affordable housing supply, enhance home quality, and create long-term stability for low- and middle-income communities across North Carolina's 13th District. I will keep working to put forth commonsense ideas and solutions to lower housing costs and increase the supply of affordable housing. ____________________”