The New Democrat Coalition believes access to affordable housing is paramount to the economic security of American families. Unfortunately, housing is increasingly unaffordable because prices and rents are rising faster than wages because construction is not keeping up with demand. The high cost of shelter is the single biggest squeeze on household budgets and a significant draft on the economy. It is forcing Americans to live on the street, reducing GDP by trillions of dollars, substantially reducing Americans’ retirement savings, and undermining our ability to recover from recession.
More on Housing
Preliminary Findings Report on America’s Housing Crisis
Today, the New Democrat Coalition’s Housing Task Force Co-Chairs Reps. Denny Heck, Stephanie Murphy, Scott Peters, and Juan Vargas and NDC Chair Jim Himes released a preliminary findings report on America’s Housing Crisis: Missing Millions of Homes.
Today, the New Democrat Coalition launched seven policy task forces which will be led by New Dem issue area experts in order to develop policies to help Americans get ahead in a changing economy and make America more secure. The revamped task forces are charged with meeting with stakeholders and developing policy positions for the Coalition to advance in both the near term and long term. The Coalition will continue to assess the policy challenges that lie ahead and create additional task forces as needed.
Washington, D.C. – The pro-growth, fiscally-responsible New Democrat Coalition sent a unified message to their colleagues today: quit the partisan bickering and find a way to put the nation’s finances in order before the federal government shuts down and the debt limit is breached.
New Dems Working for Real Fiscal Solutions:
“We risk becoming a deadbeat nation that doesn’t fulfill its obligations.” – New Democrat Coalition Chairman Rep. Ron Kind (WI-03)
Proposals include winding down Fannie and Freddie, preserving access to affordable loans and strengthening taxpayer protections