Blumenauer Report Calls for Doubling Annual LIHTC Allocation, Other Housing Investment
Rep. Earl Blumenauer, D-Ore., today released a report, “Locked Out: Reversing Federal Housing Failures and Unlocking Opportunity,” that is described as a framework that declares housing a fundamental human right and includes an increase for the low-income housing tax credit (LIHTC) and public housing capital needs funding. Blumenauer and six other members of the House of Representatives–Pramila Jayapal, D-Wash., Jesus Garcia, D-Ill., Alexandria Ocasio-Cortez, D-N.Y., Ilhan Omar, D-Minn., Ayanna Pressley, D-Ma., and Rashida Tliab, D-Mich.–labeled the provisions of the report the People’s Housing platform. Blumenauer’s report calls for doubling the national annual LIHTC cap, making the U.S. Department of Housing and Urban Development’s (HUD’s) Section 8 program an entitlement that covers anyone eligible and the creation of a renter’s tax credit. It also calls for $10 billion in annual public housing capital funding, the elimination of HUD’s Rental Assistance Demonstration program once public housing capital needs are met and the creation a public housing construction fund to build 5 million homes. The report also calls for doubling federal homeless assistance and other significant investment to eliminate homelessness.