National Housing Trust Fund
NAHC endorses the creation of a National Housing Trust Fund which would:
There are currently 5,600 endorsers of the Housing Trust Fund Campaign.
On May 20th, the Senate Banking Committee marked up a housing bill which contains a provision to create a national housing trust fund. This move, which includes targeting 75% of the trust fund for extremely low income people, is a step in the right direction to address on a meaningful scale, the housing need among the most vulnerable populations, including people with HIV/AIDS. The housing bill will go to the full Senate and then to the House for conference negotiations to reconcile differences in the two bills.
In December 2007, the Senate version of the NHTF bill (S. 2523) was introduced by Senator John Kerry (D-MA), along with co-sponsor Senators Bernie Sanders (I-VT) (who championed the trust fund while in the House), Olympia Snow (R-ME) , Pete Domenici (R-NM), and Charles Schumer (D-NY), a member of the Senate Committee on Banking, Housing, and Urban Affairs.
The National Affordable Housing Trust Fund Act of 2007 (H.R. 2895), was introduced on June 28, 2007 by Representative Barney Frank (D-MA), Chairman of the Financial Services Committee. He was joined by 15 other original co-sponsors, for a total of 8 Democrats and 8 Republicans, including: Maxine Waters (D-CA), Jim Ramstad (R-MN), Christopher Shays (R-CT), Barbara Lee (D-CA). William Lacy Clay (D-MO), Charles Dent (R-PA), Phil English (R-PA), Al Green (D-TX), Rubén Hinojosa (D-TX), Stephen Lynch (D-MA), John McHugh (R-NY), Gary Miller (R-CA), Christopher Murphy (D-CT), Rick Renzi (R-AZ), Christopher Smith (R-NJ) and Nydia Velázquez (D- NY). H.R. 2895 was passed in the House on October 10th with a vote of 264-148.
Visit the National Housing Trust Fund Campaign Website