HAG: Senators Wyden & Cantwell Introduce the Emergency Affordable Housing Act of 2020
On June 25, 2020, Senators Ron Wyden (D-OR) and Maria Cantwell (D-WA) introduced S. 4078, the Emergency Affordable Housing Act of 2020. Senators Ben Cardin (D-MD) and Michael Bennet (D-CO) joined as original cosponsors. The housing credit provisions in S. 4078 are nearly identical to the provisions included in H.R. 2, the Moving Forward Act. H.R. 2, the broad-based infrastructure package unveiled on June 22, is expected to be voted on by the House on July 2. Read a one-page summary here.
It is unlikely that the Senate will consider a broad infrastructure package along the lines of H.R. 2, but we are encouraged that House passage of H.R. 2 and introduction S. 4078 could help position our agenda for inclusion in the next COVID-19 legislation or in another appropriate vehicle.
Courtesy of Housing Advisory Group