Burbank representatives support legislation that would expand federal funding for housing. He, along with Mr. Lee and Mr. Porter, voted in favor of the American Rescue Plan, along with an initial COVID-19 stimulus package that included billions of dollars in rent subsidies for people at risk of eviction. . He also supported the Ending Homelessness Act of 2023, a nearly $10 billion proposal to reduce homelessness through existing government programs, sponsored by Rep. Maxine Waters (D-Los Angeles).

Mr. Schiff has taken advantage of federal grants in the past. Funding mechanism It's known as earmarks, or project-specific funds, to raise money for nonprofits in his district. In 2022, his office received approximately $11 million in funding for projects related to homelessness, housing, and food insecurity.

Schiff has talked a lot about homelessness and economic insecurity during his campaign. Mr. Schiff and Mr. Porter have both announced housing plans, each calling for expanding the Low-Income Housing Tax Credit, the flagship program for financing the construction of affordable housing in the United States. We are discussing. This program provides tax breaks to investors who finance the construction of affordable housing.

Separately, only a quarter of eligible people receive the federal government's main rental assistance program known as Section 8 Housing Vouchers. Mr. Schiff and his colleagues are calling for the program to become a right, meaning that everyone who meets the income requirements would receive the subsidy.

Mr. Schiff wants to increase federal spending on homelessness by at least $100 billion. the current, federal spending Approximately $10 billion for homeless assistance programs through the Department of Housing and Urban Development. (This does not include rental subsidies under the Section 8 program). He also wants to limit large-scale home purchases by private equity investors to avoid crowding out first-time homebuyers and provide down payment assistance for low-income Americans when they buy a home. ing.

“Beyond the immediate challenge of getting people off the streets to make housing more affordable, I think we need to change the tax incentives to provide stronger incentives for housing development.” Schiff said. “We have to find ways to reduce rent increases even in places where there is a lot of vacancy.”