Framingham Source: VIDEO: Senators Warren and Markey and Collegues Reintroduce Historic Legislation to Confront America’s Housing Crisis
Framingham Source, March 13th, 2019: VIDEO: Senators Warren and Markey and Collegues Reintroduce Historic Legislation to Confront America’s Housing Crisis
According to an independent analysis of the legislation from Mark Zandi, Chief Economist of non-partisan Moody’s Analytics, the bill would build or rehabilitate more than about 3 million units over the next decade and fully close the current gap between affordable housing demand and supply; create 1.5 million new jobs at its peak impact; bring down rents for lower-income and middle-class families by 10 percent — saving families an average of $100 per month — and produce no long-term deficit impact.
The American Housing and Economic Mobility Act has been endorsed by the U.S. Conference of Mayors leadership, over a dozen Massachusetts mayors, New Orleans Mayor LaToya Cantrell and Baton Rouge Mayor-President Sharon Weston Broome. Over twenty civil rights groups and housing advocates, including the Leadership Conference on Civil and Human Rights, National Low Income Housing Coalition, the National Community Reinvestment Coalition, the National Alliance to End Homelessness, the National Rural Housing Coalition and more, have endorsed the bill.