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Unidentified speaker to House Financial Services panel: administration policies are worsening housing crisis, calls for bold federal investment
Summary
An unidentified speaker told the Financial Services: House Committee that federal policies — including tariffs on lumber and proposed cuts to permanent supportive housing — are worsening the U.S. housing crisis and urged Congress to back a large housing package and bipartisan cooperation.
An unidentified speaker addressing the Financial Services: House Committee said on the record that the cost of living is "skyrocketing" and accused the administration of taking steps that exacerbate the housing crisis, including tariffs on lumber and proposed cuts to supportive-housing funding.
The speaker framed the issue as urgent, saying nearly "800,000 people are experiencing homelessness" and arguing that most American families spend the bulk of their paychecks on rent or mortgage. "We must move quickly because while Congress bickers, rents are still going up," the speaker said.
The speaker criticized multiple federal actions and proposals. They said the administration is "raising housing cost" by imposing "tariffs…
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