Adriano Espaillat: “Today I seek recognition and rise to address the growing barriers to homeownership and skyrocketing rents. Families that…”

“Today I seek recognition and rise to address the growing barriers to homeownership and skyrocketing rents. Families that have lived in the city of New York for generations are being pushed out. These families have significant ties to the community and contribute to the cultural exchange that New York City is known for. Homeownership is one of the best ways to gain equity and build generational wealth. Yet, there are millions of Americans who aren't able to buy into the housing market. As a member of the Appropriations Subcommittee on Transportation, and Housing and Urban Development, and Related Agencies, I am proud to have worked with my colleagues to draft a bill that would address this issue. But we must do more. The bill provides a total of $62.7 billion for HUD which includes funding to protect housing assistance for more than 4.8 million individuals. It also expands housing choice vouchers to more than 140,000 low-income individuals and families at risk of homelessness. We must continue to enact policies that ensure all residents can live without being burdened by housing costs. ____________________”