Summary
U.S. Representative Jimmy Gomez introduced a bill aiming to move $175 billion from President Trump's immigration funds to help make housing more affordable. This bill focuses on assisting first-time homebuyers and converting unused spaces into housing to address the housing affordability crisis in the U.S.
Key Facts
- Representative Jimmy Gomez is from California and is a Democrat.
- The bill proposes using $175 billion from President Trump's immigration funds to support housing.
- The plan aims to help first-time homebuyers and convert commercial spaces into homes.
- Rising housing costs and high mortgage rates have made buying homes difficult for many Americans.
- The share of first-time homebuyers in the U.S. is at a low of 21%.
- The age of first-time buyers has increased to 40 years.
- Gomez's bill criticizes spending on immigration strategies and calls for reallocating funds to housing.
