Waters Introduces Legislation to Provide Funding for Public Housing Capital Needs, Other Housing

Thursday, November 21, 2019 - 1:00pm

Rep. Maxine Waters, D-Calif., introduced legislation to provide $70 billion to address the capital needs backlog for public housing and another $32.1 billion for investments in affordable housing. The Housing is Infrastructure Act of 2019 (H.R. 5187) includes $10 billion for a Community Development Block Grant set-aside to incentivize states and cities to eliminate impact fees and streamline the process to develop affordable homes, $5 billion for mitigation efforts to protect communities from future disasters, $5 billion for the national Housing Trust Fund and $5 billion for the HOME Investment Partnership program. The legislation also includes $2.5 billion each the Section 202 Supportive Housing for the Elderly program, the Section 811 Supportive Housing for Persons with Disabilities program and the Capital Magnet Fund and $1 billion for the backlog of capital needs for the Section 515 and Section 514 rural housing stock. Watters also released an executive summary of the legislation. A Waters press release said companion legislation would be introduced in the Senate by Sen. Kamala Harris, D-Calif.