March 7, Washington, D.C. – Oregon Sens. Ron Wyden and Jeff Merkley said today they are co-sponsoring a bipartisan bill that would target the affordable housing crisis by strengthening and expanding the federal low-income housing tax credit.
“This legislation provides a solid foundation for the major remodel that America’s housing policy needs in response to the lack of affordable housing for people of all ages,” said Wyden, ranking member of the Senate Finance Committee. “Building on the proven success of the low-income housing credit ensures that more Americans can have a roof over their heads where they can be safe.”
“I’ve heard from Oregonians who have to dedicate the majority of their income to housing or who are forced into homelessness because they simply can’t meet rising costs of housing,” Merkley said. “This legislation will begin to address the housing costs that have spiraled far beyond workers’ wage increases, and provide permanent homes for more American families.”
Read the full release here: https://www.wyden.senate.gov/news/press-releases/wyden-merkley-introduce-low-income-housing-legislation