Currently, nearly one in four renters spend more than half of their household income on rent. That’s more than 10 million families whose housing costs cut into other essential expenses like child care, medication, groceries, and transportation. At the same time, nearly 600,000 Americans are experiencing homelessness on any given day, an increase over pre-COVID levels.
In Indiana and across the nation, affordable housing is needed now more than ever.
I’ve introduced a bipartisan bill to help build nearly two million new affordable homes over the next decade.
The Affordable Housing Credit Improvement Act will leverage private sector investment to increase the stock of affordable housing for families in both urban and rural communities. Our bipartisan bill tackles the housing affordability crisis to help Hoosier families and strengthen our communities.
In Indiana, this legislation would provide an additional 44,500 housing units, leading to an estimated 67,500 more jobs and generating over $7 billion in wages.
Read more about this bill here. |