Owning a home has never been more expensive – the median age of a first-time homebuyer in the U.S. has reached a record high of 40 years old. Families making the median state income can afford fewer than ten percent of the houses on the market, and the average cost of a home in California is 2.5 times the national average.

This problem demands urgency and action. Today, I want to share that Congress has begun to make real progress on the issue.

To solve the housing crisis, we need to make housing easier to build, while also lowering the average cost of rent and home ownership.

And that’s what our newly-passed “Housing for the 21st Century Act” seeks to accomplish.

This bill, which we passed through the House........

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