Sign Up For Novogradac Industry Alert Emails

Rep. Omar Introduces Bill to Build 12 Million Public Housing, Permanently Affordable Homes

Thursday, November 21, 2019 - 10:45AM

Rep Ilhan Omar, D-Minn., Wednesday introduced legislation to authorize construction of 12 million new public housing and permanently affordable private rental units. The Homes for All Act of 2019 would invest $1 trillion over 10 years and would make public housing operating and capital spending mandatory in future budgets. The legislation would use $800 billion over 10 years to fund 9.5 million new units of public housing and would make a $200 billion investment in the national Housing Trust Fund to build 2.5 million new permanent affordable housing properties for low-income and extremely low-income families. The bill would also create a Community Control and Anti-Displacement Fund within the U.S. Department of Housing and Urban Development that would give grants to local governments that design programs to prevent displacement and stabilize neighborhoods. Rep. Omar also released a summary of the legislation.

Learn more about Novogradac's expertise and many services