Congressional Renters Caucus Calls for Expansion of Rental Assistance and Housing Programs
Thursday, 2 May 2024, 18:43
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The Congressional Renters Caucus Advocates for Federal Rental Assistance
The Congressional Renters Caucus, led by Rep. Jimmy Gomez (D-Calif.), urges House Appropriations Committee leaders to boost funding for federal rental assistance as the U.S. faces an affordable housing crisis.
Challenges in the Housing Market
- Rising Rental Costs: Rents surged by nearly 30% during the pandemic, burdening over half of renters who spend more than 30% of their income on rent.
- Homelessness Concerns: A record 653,000 individuals experienced homelessness last year, attributed to escalating housing prices.
The Renters Caucus stresses the need for increased rental assistance, housing options, and renter protections to combat the current housing crisis.
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