Senate passes housing bill as affordable housing crisis deepens for low-income Americans
By
Samantha Fields
Summary
The article discusses the severe shortage of affordable housing in the U.S., particularly affecting low-income households. It notes that the Senate passed the 21st Century ROAD to Housing Act aimed at easing housing construction and reducing costs. Home prices have risen ~50% and rents ~30% in six years, with low-income households spending over half their income on housing. The House is expected to pass the bill and President Trump supports it.
Source
bskySenate passes housing bill as affordable housing crisis deepens for low-income Americansmarketplace.orgKey quotes
· 3 pulledThere isn't enough of it, and what there is is unaffordable for a lot of people.
That's the case nowhere more than at the low end of the market.
Home prices have jumped about 50% just in the last six years, and rents are up nearly 30% nationally.
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