Terri Ludwig and Diane Yentel take a guest turn at The Huffington Post to argue for more affordable housing production in an election year where both major party platforms include affordable housing plans for the first time in recent memory.
Ludwig, president and CEO of Enterprise Community Partners, and Yentel, president and CEO of the National Low Income Housing Coalition, characterize the breadth and depth of our nation's affordability crisis at a time when more than 11 million households face "housing insecurity." They advocate for increased funding for the low-income housing tax credit (LIHTC), the HOME program, and the national Housing Trust Fund (HTF):
Recently, Sens. Maria Cantwell (D-WA) and Orrin Hatch (R-UT) introduced The Affordable Housing Credit Improvement Act (S. 3237) to expand the [LIHTC] by 50 percent over 5 years to finance an additional 400,000 affordable apartments over the next decade and make important improvements to enable deeper income targeting. Congress should enact this legislation, while also increasing resources for the national HTF, HOME, and housing choice voucher programs.