Draft Bill Would Authorize More than $90 Billion for Affordable Housing

Monday, April 29, 2019 - 2:00pm

Rep. Maxine Waters, D-Calif., released a draft of the Housing is Infrastructure Act of 2019, which would authorize more than $90 billion for affordable housing and related programs. The legislation would include $70 billion for the Public Housing Capital Fund, $10 billion for the Community Development Block Grant program, $5 billion for the Housing Trust Fund and $5 billion for a predisaster hazard mitigation program. The legislation will be discussed at Tuesday’s House Financial Services Committee hearing, “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.”