Political Quotes

“I come to the floor this afternoon to talk about the affordable housing crisis in the United States of America and to talk about the reintroduction of legislation from last Congress that is going to be reintroduced by me, Senator Hatch, Senator Wyden, Senator Heller, Senator Schumer, Senator Murkowski, and the Acting President pro tempore--Senator Young--and several other of our colleagues. The reason we are introducing this important legislation is to say that we need to increase the tax credit for affordable housing in the United States. We are saying this because we know from reports and statistics that we have a housing crisis in the United States of America, and unless we increase the affordable housing tax credit, we are not going to see much more new supply. That is because 90 percent of the affordable housing that is built in the United States of America is built with a tax credit. Today, we are also releasing a report that is showing that the demand for affordable housing is exploding and construction is definitely not keeping pace. We are showing that seniors and veterans are at a greater risk for homelessness and that about a 60-percent increase in the need for affordable housing is being driven by Americans who are paying more than 50 percent of their income in rent, making it an unaffordable situation.…”