New 🧵and paper! The $75 billion #housing voucher expansion in #BuildBackBetter legislation would be the biggest step in decades toward ending #homelessness & housing instability. cbpp.org/research/housi…
Overall, the expansion would fund about 750,000 vouchers after a five-year phase in & help 1.7 million people live in safe, stable #housing. Here are our estimates of who that would help in every state: cbpp.org/research/housi…
As they move toward finalizing legislation, policymakers should recognize the impact any reduction in the voucher funding would have.
For each $5 billion reduction, 112,000 people would who have received a voucher once the expansion is phased in would be left unassisted, increasing the chance they will experience homelessness, eviction, & other severe hardship.
That would include 44,200 children, 22,100 people with disabilities, and 12,100 seniors. Some 79,100 of those denied assistance would be people of color.
We know #housing vouchers are highly effective at reducing #homelessness, overcrowding, & housing instability, & these vouchers would be tightly targeted on those who need them most. cbpp.org/housing-choice…
About 205,000 #housing vouchers would be set aside for people experiencing or at risk of #homelessness & survivors of domestic violence & trafficking, & the rest would go to others with incomes around or below the #poverty line
Vouchers would also reduce racial disparities in #housing opportunity & give people more choice about where they live – and #BuildBackBetter also includes funds for services to help families rent in a neighborhood they choose. cbpp.org/moving-with-vo…
Can rental markets absorb the new vouchers? Yes! #Housing agencies have put virtually all of their voucher funds to use in recent years, even in tight markets. cbpp.org/blog/rental-ma…
And many of the new vouchers would go to people who have homes but pay very high share shares of their income for rent. cbpp.org/many-vouchers-…
Congress should make retaining #BuildBackBetter’s voucher expansion a top priority, along with other investments that help those most in need afford homes: public #housing renovations, Housing Trust Fund, tribal housing, & other rental assistance like Section 8 PBRA.
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