Senator Sheldon Whitehouse
@senatorwhitehouse·303K subscribers·2.2K videos
Sen. Whitehouse Delivers Opening Statement in Budget Hearing on America's Housing Shortage
Posted
September 25, 2024
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September 25, 2024
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5:22Now PlayingSeptember 25 | Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivers an opening statement at a Budget hearing entitled, “The Costs of Inaction: Economic Risks from Housing Unaffordability.”
Senator Whitehouse yesterday introduced the Affordable Housing Construction Act, new legislation to address the housing shortage and make housing more affordable by more than tripling the size of the Low-Income Housing Tax Credit (LIHTC) and providing additional funding for sustainable, accessible, and energy-efficient housing developments. The bill would also loosen financing requirements and extend the required length of time that the housing must remain affordable from 30 years to 50 years.
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