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September 20, 2024

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