Sec. 2. Findings and purposes
113 words·~1 min read·
/bill/118/s/5078/is/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress finds that the national protracted housing crisis has existed for decades and only continues to worsen, with the lack of quality and affordable housing affecting all but the wealthiest households. The purposes of this Act are— to establish a robust public entity to develop a stock of permanently affordable, quality, publicly-financed, and climate resilient housing that is shielded from market speculation; and to stabilize communities and improve general welfare by maintaining a housing system, as an alternative to market-rate housing, that offers affordability, fair housing choice, and quality to all families that are unable to afford market rents, including families in underserved communities and families that have experienced historical legacies of exclusion.