Congresswoman Lee Statement on President’s New Housing Announcement

LAS VEGAS — Today, Congresswoman Susie Lee (NV-03) released the following statement on the President’s new housing announcement: 

“The President’s new housing announcement is sorely needed. 

“I support using the power of the purse to motivate corporate landlords to do the right thing and keep costs down for hardworking American families. This is not rent control, it’s a tax disincentive. Throughout history, the government has provided tax write-offs to incentivize corporate investors to develop certain industries. Why should it not eliminate those write-offs when those corporations make record profits while hardworking Americans struggle to put a roof over their head? Federal resources should go toward building new housing, mortgage relief, freeing up federal lands for affordable housing, and helping lower rents — not to corporate shareholders.  

“This work builds on my bipartisan bill to expand housing projects on public lands, and Rep. Horsford’s legislation that I co-sponsored that will further crack down on corporate price gouging in the housing industry. 

“This announcement is a good start and there is still more work to be done to address the many complex causes of our housing crisis.”

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