By: Eliza Relman | Insider
Rep. Maxine Waters, a California Democrat, introduced a trio of bills last week that offer far-reaching fixes for the nation’s worsening housing affordability and homelessness crises.
The legislation — which includes expanding housing vouchers and sending $100 billion to help first-time, first-generation homebuyers — is focused on reducing the racial wealth gap. The gap between the rate of homeownership among Black versus white families is now at its widest point in a decade and contributes significantly to the wealth gap.
“Together, these bills represent the single largest and most comprehensive investment in affordable housing in U.S. history and comes at a time when our nation’s housing and homelessness crisis has reached its worst state,” Waters said in a statement.
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