Pelosi tries to salvage housing aid

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Pelosi tries to salvage housing aid
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Progressives are gaining traction in a bid to preserve housing funding in Democrats’ $2 trillion social spending package, after negotiators earlier floated plans to slash the aid by two-thirds.

The housing funding is just one of many areas of deep tension among Democrats as they try to scale back what was once a $3.5 trillion bill, after moderates including Sen. Joe Manchin balked at the spending. Democrats are rushing to clinch a deal so that they can put the legislation on the House floor next week.

Diane Yentel, president and CEO of the National Low Income Housing Coalition, said any cuts "must not be at the expense of housing the country’s lowest-income people.” She led 1,800 advocacy groups in a“If done well, this could be the most consequential federal housing bill in our lifetimes,” Yentel said. “If done badly or not at all, it will be decades before we have this chance again.

Money for housing choice vouchers — a form of rental assistance for low-income Americans administered by the Department of Housing and Urban Development — is back in play after a hard push by housing advocates. The program would receive between $40 billion and $50 billion under the new framework.

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