I am pleased that this bipartisan legislation would make housing more affordable and encourage the building of new homes.
Support bipartisan legislation to expand homeownership and make housing more affordable.
Occurrences
we have been clear from the start: any housing package must address our nation’s housing affordability crisis ... delivering on our shared commitment to restoring access to the American Dream of homeownership. We are proud to endorse the latest House version of the 21st Century ROAD to Housing Act.
I am pleased to join my colleagues in introducing this bipartisan bill to speed up the building of new homes.
Evidence
Representative Lou Correa (CA-46), alongside several Republicans and Democrats, introduced reintroduced the bipartisan More Homes on the Market Act to make housing more available and affordable for Americans. The release says the bill would raise the capital gains tax exclusion on the sale of a primary residence and is intended to expand housing inventory, ease affordability challenges, and help more families achieve the dream of homeownership.
Correa said, 'I am pleased that this bipartisan legislation would make housing more affordable and encourage the building of new homes.' The office described H.R. 6644 as a package of housing bills that includes measures to increase access to small-dollar mortgages, increase multifamily loan limits, prohibit corporate landlords from buying homes, and create a renter hotline and resource center.
Correa, with bipartisan Real Estate Caucus co-chairs, introduced the Saving the American Dream Act, described as a whole-of-government effort to solve the housing affordability crisis and reduce barriers to homeownership.
Correa and Mark Alford led a letter of 76 House Members urging leadership to strip or revise provisions in the Senate's ROAD to Housing Act, stating that they 'applaud the Senate’s efforts to promote homeownership' but oppose provisions they say would decrease supply and harm affordability.
Correa voted against H.R. 3564 because he said it would make homeownership more expensive for middle class borrowers and fail to advance housing affordability.
Assessments
Correa did more than express general support: he co-introduced bipartisan housing bills aimed at expanding homeownership and affordability, led related bipartisan advocacy, and publicly celebrated passage of a bipartisan housing affordability package in his current term. That is sufficient to count the promise as fulfilled in-office.
The evidence shows Correa has actively supported and helped advance bipartisan housing legislation aimed at expanding homeownership and affordability, including introducing or co-introducing the More Homes on the Market Act and the Saving the American Dream Act, backing a broader bipartisan housing package, and leading a bipartisan letter to modify Senate housing legislation. That demonstrates meaningful effort and partial fulfillment of a promise to support such legislation. However, the record here does not show that Correa fully delivered a completed policy outcome such as enactment into law of major affordability and homeownership reforms attributable to him, so full delivery is not supported.