February 29, 2024

Brown Statement on the Administration’s Actions to Lower Housing Costs, Expand Housing options, and Protect Renters

WASHINGTON, D.C. – Today, U.S. Senator Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement on the administration’s new actions to lower cost and boost the supply of affordable housing.

“At a time when housing is unaffordable for too many families, these actions will help to bring down housing costs and expand housing options, including through a program I urged the Administration to continue to provide low-cost financing for new affordable housing,” Brown said. “These actions will also help protect renters from junk fees and unjust evictions that hurt tenants and communities.”

Brown urged the Biden Administration to continue financing through the Federal Financing Bank to support affordable housing development. As Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, he has also led efforts to protect tenants from junk fees, unsafe housing, and destabilizing evictions. In August 2022, Senator Brown held a hearing on the challenges renters are facing in today’s housing market. He has also called for reforms to harmful and inaccurate tenant screening practices that lock families out of the housing market.