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Katie Porter: “The United States did not wind up with a shortage of nearly…”

Featuring: Katie Porter, Democratic | Former Candidate, U.S. Senate California

Katie Porter's Plan to Tackle the Affordable Housing Crisis

Published June 28, 2024 | Video Starts at 05:22

Down payment assistance will solve that. Folks, this is what a plan looks like. Congress just doesn't have one. The United States did not wind up with a shortage of nearly 7 million affordable homes overnight. Our housing crisis is the gradual consequence of leaders in Washington being asleep at the wheel for over 30 years. Well, Congress needs to wake up. (05:22–05:29)

CLAIM

Asserts that the shortage of nearly 7 million affordable homes is a long-term issue.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Katie Porter

“The National Low Income Housing Coalition estimates that there is a nationwide shortage of more than 7 million affordable homes.”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 00:47-00:56
“Earlier this year, bipartisan House and Senate leaders promised, quote, the biggest housing investment in the biggest investment in housing…”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 01:06-01:23
“Look at the Affordable Housing Credit Improvement act, which would enhance tax credits to build 2 million homes over the next decade.”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 02:31-02:41
“It is publicly supported by 111 Democrats and 111 Republicans.”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 02:40-02:49
“We currently lump housing issues into the Financial Services Committee, a body focused on Wall street, banking and financial markets.”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 01:38-01:49
“Congress can invest in this type of technology and reduce building costs by over 30% just by thinking creatively.”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 03:42-03:52
“We need to pass the End Hedge Fund Control of American Homes act and tax Wall street investors that purchase hundreds of homes solely for…”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 04:31-04:43
“We did it through the GI Bill for service members and we can do it again for all Americans.”
Katie Porter's Plan to Tackle the Affordable Housing Crisis | Uploaded June 28, 2024 | 05:48-05:55