On December 19, S. 2523, the National Affordable Housing Trust Fund Act of 2007, was introduced in the Senate. The Senate bill is very similar to the House passed version, H.R 2895. Senators John Kerry (D-MA) and Olympia Snowe (R- ME) were the lead sponsors on this bipartisan legislation. Other Senators who co-sponsored the bill at introduction were Bernie Sanders (I-VT), Pete Domenici (R-NM), Charles Schumer (D-NY), Susan Collins, (R-ME), Ted Kennedy (D-MA), and Jack Reed (D-RI). The Senate bill is very similar to the House passed version, H.R 2895. The bill has been referred to the Senate Banking Committee that is chaired by Senator Chris Dodd (D-CT).
The U.S. House of Representatives passed H.R. 2895, the National Affordable Housing Trust Fund Act of 2007 on October 10, 2007 by a strong bipartisan vote of 264-148. The bill was introduced by House Committee on Financial Services Chair Barney Frank (D-MA) with 16 bipartisan co-sponsors on June 28, 2007. Passage was a huge victory for the National Housing Trust Fund (NHTF) Campaign, its more than 5,600 endorsers and for low income people in the United States. The Campaign reached this milestone because of the hard work of thousands of low income housing advocates to educate elected officials about the critical shortage of affordable housing for the lowest income people in our country.
