Mr. Speaker, I thank Congressman Espaillat for leading this important Special Order. It is no secret that many cities in our country face an affordable housing crisis. That crisis is particularly acute in California, as everyone in my…
Mr. Speaker, I thank Congressman Espaillat for leading this important Special Order.
It is no secret that many cities in our country face an affordable housing crisis. That crisis is particularly acute in California, as everyone in my State, from the Bay Area to Los Angeles to the Inland Empire, will tell you.
California is a desired destination for people from all over the world, many of
them skilled, tech-savvy young people who moved to California for our climate, culture, or commerce. This is especially true for my home city of Los Angeles, which boasts cultures and cuisines from all over the globe, allowing anybody to feel at home.
Unfortunately, the growth of affordable housing has not kept pace with the population growth. This disconnect has created a housing affordability crisis that is exacerbating economic inequality and forcing lifelong Angelinos out of neighborhoods they grew up in.
The lack of housing raises rents on working families, which, in turn, threatens the vibrant hubs of Latino, Black, and Asian culture throughout my district, potentially stripping these neighborhoods of their character that made them so unique and desirable to live in in the first place.
Our affordable housing crisis has left more than 400,000 households in the city of Los Angeles and 900,00 in L.A. County in what they call a precarious housing situation. A precarious housing situation means that the dwelling is substandard, families are doubled up, or they spend more than half their income on housing.
That is 1.3 million people in precarious housing situations, teetering on the edge of homelessness, one bad day away from losing the roof over their head. That is on top of 58,000 homeless individuals in Los Angeles County.
Simply put, the affordability crisis in California threatens our State's great legacy to provide economic opportunity for all.
In Los Angeles, we have seen that, when we target our resources to help specific populations, we get results and we save lives. In 2015, L.A. City housed more than 15,000 people, including 2,600 veterans and 2,800 chronically homeless people, more than any other city in the country.
Despite the historic housing shortage and a staggering mental health crisis, my city has proven that policymakers can tackle this problem if we have a coordinated effort at the State, local, and Federal levels.
L.A. is stepping up. So is the State of California. L.A. passed measure HHH, which is $1.2 billion to help individuals who are homeless. The California State Legislature passed 15 housing bills and a $4 billion bond to be on the ballot in 2018.
But we can't do it on our own, and we don't need the Federal Government to undermine our efforts by undermining their role and responsibility at the Federal level. Unfortunately, our Republican-led Federal Government doesn't believe in being a good partner and doesn't believe in combating unaffordable housing and homelessness. They have chosen to starve vital agencies like Housing and Urban Development and zero out funding for agencies such as the Interagency Council on Homelessness.
Cities like L.A. and States like California need responsible Federal partners to tackle issues like homelessness so they can make tough choices and make sure we have a housing situation that serves all people. That starts with actual Federal investment in projects and programs that help people, not just the rich. That is why the Republican tax cut plan is such a sham and deserves to go back to whatever dark corner of Republican dogma it came from.
As it stands right now, the Republican tax plan would cut the production of affordable housing in half by eliminating multifamily, tax-exempt housing bonds. It would also repeal the 4 percent tax credit and provisions authorizing the use of tax-exempt private activity bonds. Taken together, these provisions account for 50 percent of all affordable housing production and would make our affordable housing crisis even worse.
Republicans in Congress only claim to care about giving States the power to pursue their own policies. It would be great if their actions matched their words and they actually worked with our great cities and States to address important problems instead of making them worse.
I ask for all of you to consider that any tax plan not exacerbate the housing crisis in our country.
Mr. Speaker, I thank Representative Espaillat for leading this important Special Order.