Public investment in housing

“We need a building boom. And to create that we need to massively invest in building new housing in communities across the country, and to streamline local regulations that are making it way too hard to build anything in America.”

“She helped pass Minnesota’s paid family and medical leave program into law and make investments in education, healthcare, and housing.”

“As Lt. Governor, Peggy has been a champion for housing investment and affordability. She fought for policies to make it easier for renters and those trying to buy a house to actualize that dream. This work culminated in 2023 with a historic state investment to support down payment assistance for first-time homebuyers, housing construction support, and rental assistance for Minnesotans in every region of the state.”

“People experiencing homelessness or struggling with addiction are a part of our community, and we must address these challenges as a community. Peggy believes that we must invest in affordable housing and building systems of care for our neighbors.”

“There is no reason it should have taken this long to release these bonds. It was the will of the voters, it will make affordable housing more available and lead to more construction jobs.”

“He is also leading legislation to lower the cost of building new housing developments by establishing a grant program to reduce building project costs and speed the development of new housing.”

“Last week, Pappas joined bipartisan majorities in the House and Senate to pass the landmark housing bill, only for President Trump to abruptly cancel the planned signing ceremony leaving the effort in limbo. The 21st Century ROAD to Housing Act would also provide funding and cut red tape to help build more homes for the middle-class and lower the cost of housing by blocking Wall Street hedge funds and private equity firms from buying up single-family homes.”

“So we’ve got to straighten this out, and the only way we do that is to flip the majority in the Senate and focus on affordability, how we build a fair economy, how we invest in things like housing and healthcare and childcare.”

“This summer, Pappas also joined the bipartisan effort to pass the landmark 21st Century ROAD to Housing Act, which provides critical funding and cuts red tape to help build more affordable housing.”

“Instead of giving big tax breaks to billionaires and big corporations, let’s invest in the middle class, in things like housing and child care, that will grow the economic pie and provide some relief to folks who need it.”

“Chris is working to make homeownership a reality for more Granite Staters by cutting red tape for communities to build more homes, providing tax cuts to help first-time home buyers, and supporting the financing and development of affordable housing.”

“Affordable Housing & Homeownership: Expanding Low-Income Housing Tax Credit allocations, fixing HUD’s Area Median Income calculations, and expanding down-payment assistance and FHA/USDA loan access in majority-Black and majority-Latino neighborhoods.”

“Increase supply – Expand Low-Income Housing Tax Credit allocations paired with state gap financing, and tie federal incentives like HUD’s PRO Housing grants to local zoning reform, which will allow for supply-increasing changes like by-right multifamily and accessory dwelling units, reduced parking minimums, and firm permit review timelines, so red tape doesn’t block new units.”

“Chris is an original co-sponsor of the Affordable Housing Credit Improvement Act, bipartisan legislation to help build and restore affordable housing across the country by expanding the Low-Income Housing Tax Credit.”

“Lower housing costs: Stop corporate landlords from engaging in market manipulation to artificially hike rents, ban Wall Street from buying up housing stock to enrich wealthy investors while making it harder for families to afford homes, expand the Low-Income Housing Tax Credit, repeal outdated red tape that hinders the construction of housing, support legislation to lower property insurance costs, and create a federal task force charged with helping communities use quality, cost-effective options like factory-built “modular” homes to speed up construction timelines.”

“Lowered housing costs by replacing outdated regulations to increase the supply of apartments and condos, establishing Texas’ first-ever Low-Income Housing Tax Credit program, and providing tax relief on low-income housing construction.”

“Increase supply – Expand Low-Income Housing Tax Credit allocations paired with state gap financing, and tie federal incentives like HUD’s PRO Housing grants to local zoning reform, which will allow for supply-increasing changes like by-right multifamily and accessory dwelling units, reduced parking minimums, and firm permit review timelines, so red tape doesn’t block new units.”

“Make ownership and affordability real – Fix HUD’s Area Median Income calculations to use local, not regional, income data; expand first-generation down-payment assistance and FHA/USDA loan access in majority-Black and majority-Latino neighborhoods; tie federal investment to tenant protections and right-to-counsel so revitalization doesn’t price out longtime residents.”

“Chris is an original co-sponsor of the Affordable Housing Credit Improvement Act, bipartisan legislation to help build and restore affordable housing across the country by expanding the Low-Income Housing Tax Credit.”

“Affordable Housing & Homeownership: Expanding Low-Income Housing Tax Credit allocations, fixing HUD’s Area Median Income calculations, and expanding down-payment assistance and FHA/USDA loan access in majority-Black and majority-Latino neighborhoods.”

“Make ownership and affordability real – Fix HUD’s Area Median Income calculations to use local, not regional, income data; expand first-generation down-payment assistance and FHA/USDA loan access in majority-Black and majority-Latino neighborhoods; tie federal investment to tenant protections and right-to-counsel so revitalization doesn’t price out longtime residents.”