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Rep. Ocasio-Cortez and Sen. Tina Smith Unveil Homes Act to Create Social Housing Authority

HeadlineSep 20, 2024

Housing justice advocates celebrated the introduction this week of the Homes Act by Congressmember Alexandria Ocasio-Cortez and Senator Tina Smith. The social housing proposal would establish a federally backed development authority charged with financing union-built, energy-efficient homes across the U.S. where rent would be capped at 25% of household income. The units would remain permanently affordable by keeping them out of the hands of corporate landlords, prioritizing cooperative and land trust models instead. The homes would benefit those most affected by the housing crisis, including unhoused people, people of color, low-income families, single mothers, and immigrants.

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