November 19, 2021 -Today the House of Representatives voted to approve the “Build Back Better Act” at $1.75 trillion towards economic recovery, this package includes more than $150 billion in affordable housing investments which includes;
- $65 billion for public housing repairs
- $25 billion for rental assistance, see how many vouchers your state will receive here
- $15 billion for the Housing Trust Fund
- $10 billion for down payment assistance
- $10 billion for the HOME Investment Partnership
- $5 billion to address lead hazards and healthy housing
- $3 billion for the Community Development Block Grants
- $3 billion for a Community Restoration and Revitalization Fund
- $2 billion for green preservation of HUD multifamily housing
- $2 billion for rural housing
- $1.75 billion to address zoning barriers
- $1.6 billion to address HUD homes health and safety concerns
- $1 billion for tribal housing
- $800 million for fair housing activities
- $750 million for a new Housing Investment Fund
- $500 million for Section 202 Housing for Elderly
- $500 million for Section 811 Housing for Persons with Disabilities
The House approval is just the first step for full approval and we encourage you to please email and call your Senators to support the Build Back Better Act and its investments in housing that it will bring. To see more about the housing investments and to see a breakdown on how much each state will receive through the Housing Trust Fund head over to the National Low Income Housing Coalition’s website here.
The Build Back Better Act is currently at the forefront for the Biden Administration to be approved and will head to the Senate next.
On Monday, November 15th, 2021 President Joe Biden Signed into law the Bipartisan Infrastructure package, officially known as the Infrastructure Investment and Jobs Act. This Act will have a big impact on individuals and families and their ability to access the types of housing they need in the places they want to live in, ensure that they have access to clean water, safe housing, internet access, and increased access to transportation options.
Among other provisions, some key components that will greatly impact low-income households include:
- $73 billion to upgrade the electrical grid
- $65 billion for broadband investments
- $55 billion for water and wastewater quality, including $15 billion to replace lead pipes
- $39 billion for public transit
Investments from the Build Back Better Act and the Infrastructure Investment and Jobs Act are once-in-a-generation opportunities for affordable housing, low and extremely-low-income individuals and families, and communities.
Your voices and advocacy are needed more than ever to get this second part of these historic investments approved.