Number
061323
Version
ORIGINAL
Reference
Sponsor
ALD. DAVIS, D’AMATO AND MURPHY
Title
Resolution expressing City of Milwaukee support for the federal Affordable Housing Expansion and Public Safety Act.
Analysis
This resolution expresses the City of Milwaukee’s support for the federal Affordable Housing Expansion and Public Safety Act (S. 4063, 109th U.S. Congress). This legislation, which was introduced by Wisconsin Senator Russell Feingold on November 16, 2006, would increase federal funding for the Section 8 Housing Choice Voucher Program and the Home Investments Partnership (“HOME”) program, provide funding for the Public and Assisted Housing Crime and Drug Elimination Program and put the U.S. Senate on record in support of establishment of a national affordable housing trust fund.
Body
Whereas, As housing prices and rental costs increase faster than household incomes, more and more individuals and families in Milwaukee and across the nation are unable to find decent, affordable housing units; and
Whereas, One in 3 American families now spends more than 30 percent of its earnings on housing costs; and
Whereas, Demand for rental-housing vouchers under the Section 8 Housing Choice Voucher Program, the largest and most successful federal housing program, far exceeds supply in communities across the country; and
Whereas, Funding for the federal Home Investments Partnership (“HOME”) program, which was created in 1990 to assist states and local communities in funding the production of affordable housing for low-income households, has decreased in the last 2 fiscal years, even though local governments and community-based organizations have effectively used HOME funds to increase the supply of new or rehabilitated affordable housing units; and
Whereas, The supply of affordable housing could be expanded through the creation and funding of a national affordable housing trust fund that provides financial support for local efforts to produce, preserve an...
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