WASHINGTON, March 12 -- Sen. Lisa Blunt Rochester issued the following press release:
U.S. Senator Lisa Blunt Rochester (D-Del.), a member of the Senate Banking, Housing, and Urban Affairs Committee, today introduced the Rental Housing Investment Act. By modernizing the tax code, this legislation would lower construction costs and create stronger incentives to build new rental homes that families can realistically afford.
"If we're going to reduce the cost of housing, we need to build more homes - and build them faster," said Senator Blunt Rochester. "My Rental Housing Investment Act lowers construction costs and helps get more shovels in the ground so we can expand the supply of rental housing, from townhomes to apartment complexes. It's...