Homeownership in the Build Back Better Bill

In all the activity around the Build Back Better Budget Reconciliation Bill on Capital Hill, we wanted to make a strong statement for homeownership. National Housing Resource Center organized a letter signed by 152 national, local, and regional organizations who are all in full support. The housing market needs substantial investment to help increase the supply of affordable housing, improve access to homeownership, and address the troubling homeownership gap for Black and Brown people. Addressed to members of Congress, the Senate, and Legislative Directors, this letter emphasizes the importance of homeownership for the economy and urges them all to support full funding for homeownership in the Build Back Better Budget Reconciliation Bill. To read this letter and to see the local groups that signed please click this link. Here are the national groups who signed: Affordable Homeownership Foundation, Inc. Americans for Financial Reform Coalition for the Homeless Consumer Action Consumer Credit and Budget Counseling, Inc. d/b/a National Foundation for Debt Management Center for Community Progress Center for Responsible Lending CENTRO DE APOYO FAMILIAR, CAF Consumer Federation of America Esperanza HomeFree-USA Homeownership Council of America Integrated Community Solutions, Inc. National Association of Hispanic Real Estate Professionals - NAHREP National Association of Latino Community Assets Builders National Association of Real Estate Brokers - NAREB National Association of Realtors National Coalition for Asian Pacific American Community Development - CAPACD National Community Stabilization Trust National Consumer Law Center (on behalf of its low-income clients) National Fair Housing Alliance National Housing Law Project National Housing Resource Center National NeighborWorks Association Navicore Solutions NID Housing Counseling Agency Prosperity Now Reinvestment Partners Rural Community Assistance Corporation UnidosUS Woodstock Institute

We Need Your Help

Your support is NEEDED! Chairwoman Maxine Waters, head of the House Financial Services Committee, is asking for endorsers for her three major housing bills.  Please consider if your organization wants to provide an endorsement for each of these significant bills.  A strong showing by the housing counseling community is helpful.  Our deadline is 2:00pm EST on July 16, 2021. Downpayment Towards Equity:  This is a $10 billion commitment to First Time Homebuyer and First Generation homebuyers.  Grants of up to $20,000 and for socially and economically disadvantaged an extra $5,000.  Housing counseling is required for most of the grants.  This is the bill we have been working on and a major goal of the Black Homeownership Collaborative.  Your agency endorsement can be entered here. Housing is Infrastructure Act of 2021:  This bill provides significant funding for a mix of federal affordable construction, rehabilitation, and preservation programs, including additional CDBG funding for localities.  It also creates a national infrastructure bank. A summary of the bill is here.  Your agency endorsement can be entered here. The Endling Homelessness Act of 2021:  This bill phases in a universal Section 8 rental voucher program, which would mean that every low-income people person that needed it would get a subsidized, affordable rent (currently on a quarter do).  A summary of the ambitious bill is here.  Your agency endorsement for this bill can be entered here. Email me if there are questions.  Thanks in advance for all your help.   -Bruce   Bruce Dorpalen National Housing Resource Center bdorpalen@hsgcenter.org (267) 773-7210

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