House’s Housing Infrastructure Bill Includes $7.5B for Sec. 202

Legislation | July 16, 2021 | by Linda Couch

On July 16, House Financial Services Chairwoman Maxine Waters (D-CA) introduced the Housing is Infrastructure Act. The bill includes historic investments in housing programs, including $7.5 billion for the Section 202 Supportive Housing for the Elderly program for new housing, Service Coordinators, and high-speed internet.

On July 16, House Financial Services Chairwoman Maxine Waters (D-CA) introduced the Housing is Infrastructure Act. The bill includes historic investments in housing programs, including $7.5 billion for the Section 202 Supportive Housing for the Elderly program for new housing, Service Coordinators, and high-speed internet.

It is the House Financial Services Committee that will be charged, in the House with developing the affordable housing pieces of the $3.5 trillion infrastructure reconciliation package. The bill, within a package of three major housing bills, was introduced in advance of a July 20 hearing in the Committee, “Building Back A Better, More Equitable Housing Infrastructure for America: Oversight of the Department of Housing and Urban Development.”

The bill also includes $5 billion to preserve and improve safety conditions in properties receiving Section 8 Project-Based Rental Assistance (PBRA); $75 billion for “multifamily housing greening and preservation” to establish a grant program for owners of federally assisted housing or naturally occurring affordable housing for energy efficiency upgrades, health and safety measures, electrification of systems and appliances, installation of renewable energy types and resiliency; $75 billion to fully address the capital needs backlog of public housing and repeal the Faircloth Amendment which prohibits the construction of new public housing units; $45 billion for the national Housing Trust Fund; $35 billion for the HOME program; $2.5 billion for the Section 811 Supportive Housing for Persons with Disabilities program; $5 billion for HUD to properly staff and oversee the administration of investments made by the bill, and other investments in HUD and USDA Rural Housing Service programs.

LeadingAge has enthusiastically endorsed the bill.

The text of the bill is here.