Housing for the 21st Century Act

Floor Speech

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Mrs. KIM. Mr. Speaker, I rise today in strong support of the 21st Century ROAD to Housing Act.

There is nothing more central to the American Dream than homeownership. Unfortunately, thanks to Gavin Newsom and leadership in Sacramento, that American Dream is slipping away, and hardworking families are being left in the dust.

After years of inaction, my home State of California has earned an F in housing affordability. That is why I am taking action, working closely with my colleagues on both sides of the aisle, to help address that crisis for my constituents in Orange, Riverside, and San Bernardino Counties.

We have already worked closely with President Trump to secure historic SALT relief for southern Californians. That relief, combined with the provisions in the 21st Century ROAD to Housing Act, will bring the dream of homeownership closer to reality for working families in my district.

For the first time since 2006, we are unlocking new capital that financial institutions can invest in affordable housing and community development projects. Additionally, we have fortified programs that will aid rebuilding efforts and help mitigate potential wildfires.

Under this administration and Republican leadership in Congress, we are making it easier for builders to build, lenders to lend responsibly, and families to save. Hopefully, this legislation will deliver results for American families, as promised.

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