Reintroduced housing bill would address construction, rehab, land use and more

Known as the American Housing and Economic Mobility Act, the bill aims to build or rehabilitate nearly 3 million housing units over the next decade, reducing rents for lower-income and middle-class families by 10% and saving the average family $140 per month.

The proposed funding for the housing bill primarily involves returning estate tax thresholds to 2009 levels, implementing progressive rates above those thresholds, and closing loopholes. It stresses the importance of increasing housing supply and fostering local innovation to further lower costs.

Senator Elizabeth Warren highlighted the necessity of creating more housing to combat the housing crisis, emphasizing that the bill will make significant investments and promote innovative approaches to reduce housing expenses further, all funded by contributions from America's wealthiest families.

Read at www.housingwire.com