Historic Housing & Capacity Building Investments in Build Back Better Framework
Statement from HAC’s CEO
This is a moment housing advocates have been waiting for. Today, President Biden announced a Build Back Better framework that would make robust investments in affordable housing and capacity across the country. This historic investment would drive prosperity and equity for small towns and rural places.
Rural communities hold vast potential to drive economic growth and improve the quality of life for all Americans. Access to quality, affordable housing is key to jumpstarting that potential. Building and preserving homes creates jobs, improves education and health outcomes, and provides much-needed financial and physical stability to low-income families.
The framework includes a $150 billion investment in affordable housing nationwide, which would build more than a million new affordable homes, expand rental assistance, and help families afford down payments. It would also establish a new Rural Partnership Program, empowering rural communities (including Tribal Nations) with capacity building resources.
Everyone deserves a safe, decent, and affordable place to call home. The Build Back Better framework would bring our country much, much closer to achieving that vision.
CEO, Housing Assistance Council