Senator Wyden of Oregon has started rolling out legislation which is geared toward making housing more affordable for Americans, calling on other lawmakers to “enact 21st century housing policies that adequately address 21st century challenges.” The bill seeks to house everyone experiencing homelessness within five years using housing vouchers. This legislation would strengthen the low-income housing tax credit and create new tax credits for developers who house middle-income tenants as well as property owners who rent to low-income tenants. It would also establish a tax credit for first-time homebuyers. This announcement came a week after the Senate passed a budget resolution to allow Democrats to pass a wide-ranging spending bill later this year without any need for Republican votes.
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