America faces a housing shortage that totals millions of housing units across the country. Home prices and rents are rising faster than wages, and construction is not keeping up with demand. The New Democrat Coalition knows affordable housing is paramount to the economic security of American families. The high cost of housing is the single biggest squeeze on household budgets, and a significant drag on the economy. It is forcing Americans to live on the street, reducing GDP by trillions of dollars and substantially reducing Americans’ retirement savings. The Task Force will act to address the housing shortage and pursue solutions that address housing insecurity. These include investing in housing stock as well as addressing land use, inadequate construction financing, and the mismatch of labor supply for the demand.
- Co-Chairs: Reps. Denny Heck, Ben McAdams, and Norma Torres
- Members: Reps. Charlie Crist, Al Lawson, Stephanie Murphy, Ed Perlmutter, Scott Peters, Kathleen Rice, Harley Rouda, and David Scott