Today, the House Financial Services Committee passed the Financial Services Committee Title of the Build Back Better Act to provide long-overdue investments in housing resources, such as affordable housing, downpayment assistance, and efforts to end homelessness.
The following bill passed the Committee by a vote of 30-24.
The Build Back Better Act is a bill that would provide $322 billion in funding for new and existing federal housing programs designed to provide a comprehensive response to address our nation’s urgent housing needs including the national eviction and homelessness crises, particularly among the lowest income families, people with disabilities, millennials, and people of color. It includes targeted funding streams for new construction and preservation of housing, rental and downpayment assistance, sustainable and resilient housing, fair housing enforcement, among other investments. Click herefor bill text.