Posted on 11/29/2022 1:34:55 PM PST by ChicagoConservative27
A bipartisan group of U.S. lawmakers has pledged support for an affordable housing bill that could lead to the development of 500,000 starter homes in struggling communities over the next decade.
The Neighborhood Homes Investment Act, introduced in both the House and Senate, would offer a tax incentive to developers to minimize their risk when building or rehabilitating existing housing.
In some areas of the U.S., the cost of rehabilitating or building a home could exceed the eventual sale price. This bill would fill the “value gap,” up to 35 percent of eligible development costs for new homes.
The bill currently has the support of 124 U.S. lawmakers across 37 states, and lawmakers have stressed the urgency to pass the bill before the end the current legislative session.
“It is critical that we get the Neighborhood Homes Investment Act over the finish line,” Sen. Rob Portman (Ohio), the lead Republican sponsor of the bill, said in a statement.
(Excerpt) Read more at thehill.com ...
Be interesting to check his money flows, I think.
Proof that money trees do exists despite a nation on the verge of economic meltdown from an unsustainable national debt?
We have lots of money available for this?
Portman is on his way out! He should just fade away.
I’d prefer affordable school choice and voucher legislation.
Affordable Housing Legislation that would actually work:
Cut Federal Spending.
Making it more affordable for some means making it less affordable for others.
The bad news is you have to move to Detroit.
Ooooh, bipartisan
90% of any moneys allocated will go to FoPs (Friends of Portman) for “research studies” and “management”.
So Congress said we couldn’t afford $5 billion for the wall, but they’re willing to spend 10 times that to build affordable housing for the vermin invading our country, which is a problem they created in the first place! My God, they’re either extraordinarily stupid or they’re getting kickbacks from someone. Some curious reporter should look into that…because these politicians seem shady AF.
If you can't take care of a little, why would someone put you in charge of alot?
And where in the Constitution is this authorized? If this needs to be done, let the states do it.
This kind of crap is why we really don’t have a truly capitalist system.
how about just take less from people in the first place and give everyone universal incentives
versus taking confiscated monies from certain people/groups and redistributing them to certain peoples/groups.
How about less govt instead of confiscating/referee govt?
How about capitalism vs fascism/cronyism/socialism?
Is this the bill that demolishes the suburbs?
Where lots of multi-unit housing goes in and the towns get kickbacks?
Fed.gov housing
it will be a hell
I sure hope ghetto retards can move to my neighborhood.
Diversity is our strength…
Either build more projects, or see more urban folks moving into the suburbs.
How to get affordable housing:
WORK
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