WASHINGTON –– Last week, during a Financial Services Committee hearing to examine recent severe declines in American homeownership, Congressman David Scott urged the inclusion of down payment assistance in the final Build Back Better Act to give a hand up to all American families and ensure access to safe and affordable housing for all communities. In an exchange, FSC hearing witness and Director of Mass Affordable Housing Alliance Symone Crawford agreed –– the down payment assistance supported by Congressman Scott would make a meaningful impact on the decline in homeownership and financial stability for Americans struggling with high student loan debts, credit issues and the nationwide housing supply shortage.
“With more than one in three American households renting their homes today, it is vital that we provide federal support for families working toward financial stability as we Build Back Better for the American people,” said Congressman David Scott following the hearing. “Congress must act swiftly to address the barriers that far too many Americans face when seeking to enter the housing market. I am grateful for the witnesses who joined us today to help shed light on some of the obstacles that hinder working families and those in marginalized communities.”