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Family Growth Investment Act: Boosting Affordable Housing for All

 
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Bipartisan legislation addresses housing supply and investment in family growth.

description: an anonymous family of four smiling outside a newly purchased affordable home, symbolizing the impact of the family growth investment act on american families.

Last week, the bipartisan Problem Solvers Caucus endorsed legislation written by Congressman Salud Carbajal (CA-24) and Congressman Lori to address the growing need for affordable housing in the United States. This new act, known as the Family Growth Investment Act, aims to boost investment in housing that is accessible to families of all income levels.

Heather Boushey, Chief Economist of the Investing in America Cabinet, emphasized the importance of addressing the housing crisis. Two years ago, President Biden signed into law the Bipartisan Infrastructure Act, which allocated funds to improve housing infrastructure. The Family Growth Investment Act builds upon this foundation to further support families seeking affordable housing options.

A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States. Real estate investors still account for a significant number of single-family home purchases, buying 26% of all homes sold in June 2023. The Family Growth Investment Act aims to prioritize families over investors in the housing market.

Today, the leadership of the New Democrat Coalition endorsed Congressman Salud Carbajal's bipartisan legislation aimed at increasing access to affordable housing. Democrats played a major role in killing legislation aimed at boosting Texas' flagging housing supply — to the frustration of housing advocates. The Family Growth Investment Act represents a renewed effort to address housing affordability on a national level.

NASHVILLE, Tenn. – On Friday, Tennessee Governor Bill Lee marked the close of the 2023 legislative session, which includes the successful passage of housing legislation. Housing that is affordable for low- and moderate-income households is in tremendously short supply in rural, urban, and suburban communities. The Family Growth Investment Act seeks to expand affordable housing options for families across the country.

The Child Care for Working Families Act aims to expand access to and lower the cost of care for families, support child care workers, and boost the economy. This legislation aligns with the goals of the Family Growth Investment Act by addressing the needs of working families on multiple fronts. The Family Growth Investment Act represents a comprehensive approach to supporting families in achieving their housing and childcare needs.

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