Housing Affordability
The median home in our district is valued at over $1 million, two to three times higher than similarly situated districts across the country. But our incomes are not two to three times higher. The math has been broken for years, and it's getting worse. Home prices in the Valley have increased six to eight times over the last three decades. Incomes have barely doubled.
Grown adults with good jobs are still living in childhood bedrooms or splitting rent four ways and young couples are putting off marriage and children because they can't afford a home. Parents who raised their families in the Valley are watching their kids get priced out of the community they grew up in. Every year, the gap widens and every year, Congress does nothing.
I will not do nothing. Here is what I will fight for:
Accelerate construction. Push federal incentives that reward cities and states for building housing working families can actually afford instead of luxury developments.
Expand access for first-time buyers. Strengthen down-payment assistance programs, particularly for families who have lived and worked in this community for years and are being priced out of it.
Reform the tax code. Advocate for savings incentives that help young people build toward a down payment instead of watching that goal drift further out of reach every year.
A family in CA-32 works just as hard as a families across America and they deserve the same opportunity to own their homes. The American Dream wasn't supposed to require a trust fund, and homeownership shouldn't depend on parents' ability to help. It's time for leadership that treats housing affordability like the crisis it is.