Greater New Orleans Housing Alliance Praises Congressman Richmond for Reintroducing Bicameral Housing Legislation

NEW ORLEANS – On March 13, Congressman Cedric Richmond reintroduced the American Housing and Economic Mobility Act, a monumental piece of legislation that addresses America's housing crisis by providing greater access to homeownership through first-time homebuyer payment assistance and reduced rent costs. The final bill has been widely praised by national and local affordable housing advocates, including HousingNOLA and the Greater New Orleans Housing Alliance (GNOHA), which urged Congressman Richmond to prioritize comprehensive, affordable housing legislation during the course of his re-election campaign. Details were shared in a press release.

HousingNOLA has estimated that New Orleans would need approximately $5.8 billion to end the current affordable housing crisis. According to the group's 2018 report card on the state of housing in the city, the Median Income is around $36,999, while the Median Home Value continues to skyrocket at $227,800. The need for affordable, mixed housing developments near job centers with adequate public transportation is crucial, and the American Housing and Economic Mobility Act will greatly enhance New Orleans' ability to make that goal a reality for all residents.

"With more and more New Orleanians continuing to be displaced and forced out of the city that they love, this legislation has never been more critical," said HousingNOLA executive director Andreanecia Morris. "The American Housing and Economic Mobility Act truly puts housing first by incentivizing the implementation of strategies like the Smart Housing Mix. Now, more than ever, we must prioritize equitable, safe and affordable housing because we cannot replace what we displace. We are extremely proud and grateful to have Congressman Richmond as an ally in this fight on the state level."

- Sponsors -

Additional cosponsors of the bill include Representatives Ayanna Pressley (D-MA), Rashida Tlaib (D-MI), Mark Pocan (D-WI), Eleanor Holmes Norton (D-D.C.), Susan Wild (D-PA), Jamie Raskin (D-MD), Steve Cohen (D-TN), Ro Khanna (D-CA), Joe Kennedy III (D-MA), and Suzanne Bonamici (D-OR). 

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