DE SR9

Supports federal development of funding mechanisms for the National Housing Trust Fund to build, preserve, rehabilitate, and operate housing for middle and lower income households.

Notes Delaware has 23,577 extremely low income renter households earning $21,706 or less annually for a family of four, with a shortage of 14,096 affordable homes.

Documents that 77% of extremely low income renters in Delaware spend more than half their income on rent, contributing to homelessness.

Points out the National Housing Trust Fund established by Congress in 2008 has received no federal funding despite growing need for affordable rental housing.

Proposes modest modifications to the mortgage interest tax deduction, which currently benefits mostly high-income households, to redirect federal resources toward the National Housing Trust Fund.