Expand affordable housing construction
Schiff supports dramatically expanding the federal Low-Income Housing Tax Credit program by loosening restrictions and increasing funding, which he says could help build 230,000 additional affordable homes in California. He also proposes federal low-interest loans for developers building primarily affordable multifamily housing, with a requirement that projects include a higher share of subsidized affordable units. He would also work to make HUD/FHA mortgage insurance under Section 221(d)4 usable in high-cost areas.
Context: The 230,000-home figure is presented as a potential estimate. The loan proposal applies to developers building primarily affordable units and would require a higher share of subsidized affordable units.
In their own words
We can build an additional 230,000 affordable homes in California by loosening restrictions on LIHTC and expanding funding.
The source
Published: Original date not established; campaign context manually checked
Retrieved: 11/11/2026