House legislation designed to expand that nation’s supply of affordable senior living received a quick endorsement from one of the nation’s largest provider organizations.
That’s due in no small part to provisions that set aside an additional $2.5 billion for the Section 202 program.
LeadingAge President and CEO Katie Smith Sloan said the measure addresses “the great need for affordable housing for older adults.”
The House bill is sponsored by Rep. Maxine Waters (D-CA), who chairs the House Financial Services Committee. All told, it would carve out $70 billion to address the need for capital repairs for public housing, and provide the Community Development Block Grant program with $10 billion.
“We are in the midst of a housing affordability crisis across the country, caused in part by the lack of affordable and available rental units, rising rents, gentrification and dilapidated public housing,” Waters said.