Sec. 2. Congressional findings
113 words·~1 min read·
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The Congress finds that— Every State and large metropolitan area in the United States is facing a shortage of affordable housing options for people who are very or extremely-low income. More than 18 million households—1 in 6—are paying more than half of their income on housing and are considered severely cost-burdened. The current affordable housing shortage facing the United States cannot be addressed solely by the private market, necessitating significant Federal intervention and investment.
The Federal Government must adopt a policy that guarantees the right to housing for all individuals, strengthen neighborhoods, and address the failures of the free market in housing by building new public housing and investing in private affordable housing.