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Transcripts For CSPAN3 Hearing On Tax Incentive Impacts On Affordable Housing 20220914

They also addressed concerns over private equity firms and Real Estate Companies buying properties and low income communities, which could push out long term residents. The finance Committee Meets this morning to discuss housing. This 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, that the fastest rate since 1986. Buying a home is getting more expensive. Many young people who have modest incomes and big Student Loan Debt feel like the dream of Home Ownership has slipped out of their reach. The root causes, the United States isnt building enough housing. Its bill in that way for decades. And the shortage is affecting citizens and cities all over america. For example, my hometown of portland is skyrocketing rents and low supplies suitable housing. Its also an issue, though, in central oregon. Southern oregon, and eastern oregon, where they cant build enough hous

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