Housing for the 21st Century Act

Floor Speech

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Mrs. KIM. Mr. Speaker, I thank the gentleman for yielding.

I rise today in support in the Housing for the 21st Century Act. After years of inaction, my home State of California has earned an F in housing affordability. Under Gavin Newsom and Sacramento leadership, hardworking families are being left in the dust.

That is why I am taking action to help address this crisis for my constituents in Orange, Riverside, and San Bernardino Counties.

Earlier this Congress, I worked with President Trump to secure historic SALT relief for Californians. That relief, combined with the provisions in the Housing for the 21st Century Act, will bring the dream of homeownership closer to reality for working families in my district.

For far too long, working-class Americans have been priced out of the housing market. The Housing for the 21st Century Act confronts that problem head-on by exploring where our housing system has left these families behind.

For the first time since 2006, we are finally increasing the capital that financial institutions can invest in affordable housing and community development projects. There is finally the willingness to tackle this housing crisis head-on.

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Mrs. KIM. The Housing for the 21st Century Act builds on the success of the working-class families tax cuts and deserves swift passage so we can deliver results for American families.

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