* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)
Introduced by: Councilmember Kraft
A RESOLUTION ENTITLED
A COUNCIL RESOLUTION concerning
Title
In Support of Federal Legislation - H.R. 2895 - The National Affordable Housing Trust Fund
FOR the purpose of expressing support for this legislation that seeks to establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families, and urging the Congressional Delegation to secure enactment of the provisions of the National Affordable Housing Trust Fund.
Body
Recitals
Affordable housing is at the core of strong communities. It promotes neighborhood stability, improves educational opportunity, employment stability, and helps owners to build wealth. The U.S. Conference of Mayors 2006 Hunger and Homelessness Survey found that the primary cause of homelessness is the lack of affordable housing. In addition, a 2006 National Low Income Coalition Study found that there are roughly 9 million renter households nationwide who pay half or more of their income for housing.
In Baltimore, 49% of the City's extremely poor renter households, or those with incomes under 30% of the median, pay more than half of their incomes on rent. There is a deficit of available units that are affordable for purchase to Baltimore's extremely poor renter households. Safe, decent, and affordable ho...
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