Political Quotes

“I enter that into the Record because it is so important for our colleagues not to get stymied over the next several months, as we discuss proposals for economic development and for infrastructure across the United States, and not take action on this issue because we do not know how we can afford it. What we cannot afford is the rising number of Americans who no longer can afford rent or home ownership. What we need to do is to make sure that there is a roof over their heads and that they can be productive parts of our economy. Since its creation over the last 30 years, this tax credit has financed nearly 2.9 million homes across the United States, leveraging more than $100 billion in private sector investment. That is what I like most--a little bit of the tax credit going a long way to leverage the private sector into making investments in affordable housing. Between 1986 and 2013, more than 13 million people have lived in homes that have been financed by this tax credit. I hope my colleagues will take a look at this legislation that we are introducing today and help us support it. The crisis is real across America. Our report shows the crisis is only going to be exacerbated because of demographics and demand. The best way out of this problem is for us to make an investment that only we can make, as 90 percent of the affordable homes are built with the tax credit.…”