The proposed bill establishes the Herschel Lashkowitz Housing Partnership Fund, honoring a notable affordable housing advocate. Its purpose is to enhance the federal government's primary rental assistance program by making it more appealing for landlords to participate. The bill also boosts funding for specific housing programs, utilizes local data to set equitable rents, shortens inspection times, and re-evaluates HUD's agency performance metrics. The bipartisan support signifies a collaborative effort to address the challenges millions of renters face in finding affordable housing options amid rising costs.
The bill aims to improve the federal government's largest rental assistance program by attracting and retaining participating landlords, while reducing barriers to low-income housing.
Cramer emphasized that millions of renters struggle to find affordable housing, and this bill would help increase the supply of options for renters using housing vouchers.
Coons highlighted the importance of affordable housing, stating that families need better options, and this bill is a step forward for Americans seeking homes.
The bill, named after Herschel Lashkowitz, reflects a legacy of affordable housing advocacy and has gained bipartisan support from several key senators.
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