[ [link removed] ]Ayanna Pressley for Congress

The rent
— and interest rates — are too damn high.

Housing affordability is the number one issue I’m hearing about from my
constituents.

Due to the Fed’s aggressive interest rate hikes, mortgage rates have
surpassed 7% — rising to 20-year highs and leaving many creditworthy and
mortgage-ready homebuyers without a path to homeownership. This hike has
also raised costs for affordable housing developers — and many of them
have chosen to slow down or halt construction entirely.

So fewer people can afford to buy or sell a home, fewer homes are being
built, and fewer people are being housed. This is a problem for everyone.
It’s an urban issue. It’s a suburban issue. It’s a rural issue.

I welcomed the decision of the Fed to pause rates at the end of last year,
but I say that that’s not enough.

[ [link removed] ]Let's make it plain – housing is a
human right. We have to come together and demand that the Fed CUTS
interest rates now to address this critical issue and lower housing costs
nationwide. If this is also an important issue to you, will you add your
name if you endorse this fight?

ADD YOUR NAME

When the Financial Services Committee recently questioned the Federal
Reserve Chairman Jerome Powell, I explained how high interest rates are
hurting our most vulnerable, putting our economy at risk — and urged him
to cut interest rates to boost home affordability and construction of
affordable housing.

I got him to acknowledge that interest rate cuts would have a great
benefit, and called on the Republican majority to take housing inflation
seriously so Congress can make the bold investments necessary to address
this crisis.

As someone who has experienced the trauma of housing insecurity firsthand
growing up, I understand the security and peace of mind that comes with
being safely housed — and the horror of navigating life without a roof
over your head. And I’m angry that this issue is only getting worse and
worse for families today.

Families in my district and throughout this country need relief now — so
I’ll keep doing everything in my power to address this crisis head-on.

[ [link removed] ]Add
your name to say you agree the Fed must lower interest rates to make
housing more affordable. We need immediate solutions that match the scale
of our housing crisis and ensure those who need stability the most can
access it.

ADD YOUR NAME

Yours in service,

Ayanna

 





Contribute to Ayanna's campaign: [link removed]

This email was sent to [email protected]. Email is the most important way for us to reach you about opportunities to get involved. If you need to remove yourself from our email list, click here to unsubscribe:

You can unsubscribe from this mailing list at any time:
[link removed]


Paid for by the Committee to Elect Ayanna Pressley