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Sen. Warren to

Introduce Housing

Affordability Bill

Sen. Elizabeth Warren (D-Mass.) is expected to > Expand and strengthen the Community
introduce the American Housing and Economic Mobility Reinvestment Act.
Act, legislation the senator says is designed to bring > Improve the housing voucher program and
down costs for renters and buyers alike. strengthen anti-discrimination laws.
The intention of the bill is to: To offset the cost of these new initiatives, the bill
> Leverage federal funding to build up to 3.2 million would make changes to the estate tax thresholds.
new housing units for lower-income and middle- NAHB is currently reviewing the legislation and plans to
class families. work with Sen. Warren to address any concerns we may have
> Create incentives for local governments to eliminate with the bill and to promote provisions that we support.
unnecessary land use restrictions that drive up costs. View NAHB’s official statement on Warren’s housing
> Establish new programs to provide down bill and a summary of the legislation.
payment assistance to first-time home buyers in For more information, contact Scott Meyer at 800-
disadvantaged communities and support families 368-5242 x8144.
whose mortgages are underwater. NAHB SEPTEMBER 2018

“Building Dreams One Home At A Time”

Portfolio Loans Construction Loans

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30 NOVEMBER 2018 | GREATER SAN ANTONIO BUILDERS ASSOCIATION