U.S. Representative Mike McIntyre voted for and the U.S. House has passed legislation to expand affordable housing.

Congressman McIntyre, who is a co-sponsor of the bill, stated, “Owning a home is the American dream, and we must do more to help everyone achieve this. Passage of this bill is a critical leap forward in helping address the home ownership challenge. This is a great day for the citizens of our nation and the future of home ownership!”

The National Affordable Housing Trust Fund Act will establish a national affordable housing trust fund to build or preserve 1.5 million homes or apartments over the next 10 years without increasing government spending or the federal deficit. The bill will initially allocate between $800 million and $1 billion annually directly to states and local communities. The Trust fund targets funds more for the construction of affordable housing and more for lower income families facing the greatest needs.