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Waters Fights for Inclusion of Robust Housing Investments in Build Back Better Act Alongside Affordable Housing Advocates and Groups

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, attended several press conferences across Capitol Hill yesterday alongside numerous housing advocacy groups to explain why America cannot build back better without investing in our crumbling housing infrastructure and to remind the White House and her fellow colleagues in Congress how foundational housing is to successfully tackle other priorities, including childcare, healthcare, climate change, and racial inequity.

Chairwoman Waters met with housing groups and advocates organized by the Evangelical Lutheran Church in America and other interfaith groups, the Green New Deal Network, the National Coalition for the Homeless, and the National Housing Conference. The National Housing Conference convened industry and advocacy groups for a press conference where the Chairwoman appeared with Senator Sherrod Brown, Chair of the Senate Banking Committee, to make clear that housing is infrastructure, and that she opposes deep cuts to housing investments. The Chairwoman pledged to keep fighting to ensure the reconciliation package currently being considered by Congress includes the robust funding needed to address the nation’s affordable housing crisis.

“We are on pins and needles as we await some of the decisions being made at the White House,” Chairwoman Waters said at the National Housing Conference event.

“There are so many people who work every day, but they cannot afford the high cost of rental housing, and they are simply seeking some help from their government.”

Under Chairwoman Waters’ leadership, Democratic Members of the House Financial Services Committee passed the housing title of the Build Back Better Act on September 13, which includes $327 billion in housing investments. These funds would:

  • Provide $80 billion to fully address the backlog of public housing capital repairs;
  • Provide 750,000 housing vouchers, which would provide housing for an estimated 1.7 million people;
  • Create or rehabilitate three million affordable housing units;
  • Strengthen and expand fair housing enforcement; and
  • Provide $10 billion in downpayment assistance for first-time, first-generation homebuyers.

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