Issue Position: Making Housing Truly Affordable

Issue Position

Here on the Central Coast of California and in our inland Counties, we have experienced a rapid rise in the cost of housing at a time when income for working Americans has hardly budged. Jimmy knows that what was once a need for affordable housing for low income Americans has burgeoned into a crisis for middle-class Americans who have been priced out of rents and the ability to buy a home in our communities. That's why he is committed to fighting for a greater percentage of affordable housing units in new market-rate development projects and set-asides to fund non-profit housing that is accessible for working and middle-class Americans. In December, Congress made the Low-Income Housing Tax Credit more generous, helping to finance the construction of more affordable rental housing. Jimmy's goal is to find ways to keep this federal program going, monitor its success, and push to find other ways the federal government can create a win-win of construction jobs and money to finance low to moderate income housing.

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