Russ Feingold: Press Release

FEINGOLD URGES CONGRESS TO MAKE REAL INVESTMENT IN AFFORDABLE HOUSING
Portion of Affordable Housing Bill Calls on Congress to Follow the Lead of Cities Like Milwaukee and Create Housing Trust Fund

February 26, 2007

Milwaukee, WI – During a press conference in Milwaukee today, U.S. Senator Russ Feingold pushed for passage of legislation he recently introduced to increase access to affordable housing for low income families. Feingold was joined at the event by Milwaukee Mayor Tom Barrett, Common Council President Willie Hines, Alderman Michael Murphy, housing advocate Bethany Sanchez, Chair of the Resident Advisory Board Sherri Reed-Daniels and others who support federal legislation to build on effective federal housing programs and to target resources to the nation’s most vulnerable families.

“Affordable housing is becoming less and less available in this country for those who need it most and Wisconsin is no exception,” Feingold said. “While Congress has created some effective programs to tackle the shortage of affordable housing, it has not provided the funding to support these programs. A real investment in safe, affordable housing can serve as the foundation for improving the lives and communities of hundreds of thousands of Americans.”

Feingold’s bill contains four initiatives providing safe and affordable housing for low income families. First, Feingold’s bill would authorize 100,000 new Section 8 vouchers to help low income families afford rental payments. Feingold’s bill would also expand the HOME Investments Partnerships Program to provide new funding for affordable housing production, and for the rehabilitation and preservation of existing affordable housing. Feingold’s bill would reauthorize a grant program to help combat violent and drug-related crime in public housing. Finally, Feingold’s bill would urge Congress to create a national affordable housing trust fund, similar to the trust fund recently created in the city of Milwaukee. The bill is fully paid for through offsets, making funding available right away and allowing the programs to take effect immediately.

“This issue is about more than making sure Wisconsinites have a roof over their head,” Feingold said. “Good housing and healthy communities lead to better jobs, better educational outcomes, and better futures for all Americans. Local communities, states, and the federal government must work together to ensure that all Americans have a safe and decent place to live.”

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Fact Sheet from U.S. Senator Russ Feingold
The Affordable Housing Expansion and Public Safety Act

U.S. Senator Russ Feingold has introduced the Affordable Housing Expansion and Public Safety Act, a bill to provide housing assistance to Americans facing the current severe shortage of affordable housing. The legislation builds on effective federal programs and targets resources to the nation’s most vulnerable families. The bill is fully paid for through offsets. Feingold’s legislation contains four provisions:

Authorization of new Section 8 vouchers. This legislation authorizes 100,000 new (incremental) Section 8 vouchers, with funding authorized at $8.4 billion over 10 years. The Section 8 Housing Voucher Choice program provides rental subsidies to low income families to assist these families in affording privately owned apartments. Currently, only 1 in 4 eligible families receives federal rental assistance, including Section 8 assistance. Many cities have Section 8 waiting lists that contain thousands of people, or are closed to new applicants.

Targeted expansion of HOME for extremely low income families. Senator Feingold’s bill authorizes $400 million in new funding for the HOME Investments Partnerships Program (HOME). It authorizes new funding under the HOME Program to provide new home production, and rehabilitation or preservation of existing housing to some of our most vulnerable families. This funding authorized is in addition to the annual amounts that Congress appropriates for HOME and will provide an incentive to local communities to dedicate more resources to the most vulnerable families and children in their communities. The funds will be distributed and administered under current HOME guidelines.

Public and Assisted Housing Crime and Drug Elimination Program. The bill would reauthorize the Public and Assisted Housing Crime and Drug Elimination Program, with funding authorized at $200 million per year for five years. It would also help make the grants more effective by ensuring that grantees receive information about what types of activities work best to combat crime, and providing resources for rigorous scientific evaluation of crime fighting strategies in public housing environments.

Sense of the Senate. Contains a Sense of the Senate provision calling for the creation of a National Affordable Housing Trust Fund. Such a trust fund would provide a dedicated source of funding for the purpose of supplying 1,500,000 additional affordable housing units over the next ten years.

Feingold’s bill is supported by the National Low Income Housing Coalition; the Council of Large Public Housing Authorities; Wisconsin Partnership for Housing Development, Inc.; City of Milwaukee Housing Authority; the Interfaith Hospitality Network of Madison; the YMCA of Metropolitan Milwaukee Community Development Center; the Dane County Homeless Services Consortium; the Metropolitan Milwaukee Fair Housing Council; the Wisconsin Community Action Program Association; Wisconsin Council of Independent Living Centers (WCILC); Public Housing Authorities Directors Association (PHADA); and National Council on Independent Living (NCIL).


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