I thank my friend, the gentleman from Ohio, for yielding me the customary 30 minutes for debate. Mr. Speaker, I rise today to discuss H.R. 3700, the Housing Opportunity Through Modernization Act of 2015. This bill includes modifications and updates to several existing laws pertaining to housing--and low-income housing, in particular. Many of these changes clarify and improve specific regulations for the benefit of those providing low-income housing and those benefiting from the availability of low-income housing. In fact, this bill improves access to affordable housing for the most vulnerable, such as low-income families and veterans. It is apparent that much work has been involved in finding a balance, and the authors and committee members of both parties are to be commended for their efforts. With that being said, it is important to note that a provision of this bill will effectively raise rents for thousands of families with children and, ultimately, make it more difficult for some low-income parents to maintain employment. The deduction provisions in this bill, as it is currently worded, raise rents for some of the lowest income families in the country. A quarter of households facing rent increases of $25 or more a month are families with children whose childcare deduction would be reduced. I hope that this important issue of childcare deductions will be addressed.…
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I would advise the gentleman that I have no further speakers, and I too am prepared to close.
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