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Transcripts For CSPAN3 Hearing On Tax Incentive Impacts On Affordable Housing 20220920

This hearing comes at a time when americans are getting clobbered by climbing rents and home prices, key drivers of inflation. Data released last week showed that rents increased in june at the fastest rate since 1986. Buying a home is getting more expensive. Many young people who have modest incomes or big student loan debt, feel like the dream of Home Ownership has slipped out of their reach. The root cause is, the United States is not building enough housing. It has been that way for decades, and the shortage is affecting citizens and cities all over america. For example, my hometown of portland, as skyrocketing rents and low supply of suitable housing. It is also an issue, though, in central oregon, southern oregon, and eastern oregon, where they cant build enough housing fast enough to keep up with demand. Id be willing to bet that every member on this panel is hearing the same story. Now im going to talk about a number of issues this morning, and i would just like to raise a rela

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