The House Committee on Financial Services (FSC) held a virtual hearing
last week on ways to provide equitable and affordable housing infrastructure. The
memorandum setting out the hearing’s purpose stated that, not only is affordable
housing a crucial part of the nation’s infrastructure and a stable asset that boosts
individuals, families, and communities’ ability to thrive, but it also
generates construction activity and jobs that stimulate the economy. Prior to the hearing the FSC published 17 draft bills centering around
housing that have been introduced into the current congressional session. They
deal with everything from flood insurance to lead paint abatement to housing on
Native American lands. One proposal, presented as a draft for discussion, is the “Downpayment Toward Equity Act of 2021.” It
is of particular interest because it builds on a much discussed housing policy
set out during the presidential campaign.


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