U.S. Senator Todd Young (R-Ind.) is launching a Housing Affordability Tour this week to outline his legislative agenda to address the significant shortage of affordable housing options in the United States.
For years, Senator Young has worked on housing affordability issues in Congress. This week, Senator Young will visit Columbus, Clarksville, Indianapolis, Kokomo, and Merrillville to discuss bills he has introduced to increase housing stock, lower costs, and revitalize distressed neighborhoods.
“In communities across Indiana, rent and home prices are skyrocketing, and employers worry that there aren’t enough homes available for the workers they need to hire,” Senator Young said. “If we fail to act to address this nationwide crisis, the problem will only get worse.”
On his tour, Senator Young will meet with Indiana realtors and other stakeholders to discuss solutions to the housing affordability crisis. Legislative proposals Senator Young will discuss include:
- The Neighborhood Homes Investment Act, which would revitalize distressed neighborhoods by creating a tax credit for building and renovating homes in blighted areas.
- The Yes In My Backyard Act (YIMBY Act), which would eliminate barriers to much-needed housing by requiring transparency in local land use, zoning, and housing decisions.
- The Affordable Housing Credit Improvement Act (AHCIA), which would improve and expand the Low-Income Housing Tax Credit, providing an additional 44,500 units in Indiana alone.
