COLUMBIA, S.C. (November 26, 2019) – The City of Columbia has joined Mayors & CEOs for U.S. Housing Investment, the first-of-its-kind national coalition of local government and business leaders advancing public-private partnerships that tackle affordable housing and homelessness and actively oppose current funding cuts. The housing investment group now counts as members Republican and Democratic mayors in Arizona, California, Colorado, the District of Columbia, Florida, Georgia, Indiana, North Carolina, Oregon, Pennsylvania, South Carolina and Washington and businesses with household customers in every state, territory and the District of Columbia.
“People are moving back home to American cities, and with a revitalized urban core comes significant displacement and a need for more social services, two dynamics we’re working through in Columbia,” said Columbia Mayor Steve Benjamin. “And while the revitalization is by design, so are the local, data-driven solutions we are implementing to ensure Columbia is a city for all people, including residency bonuses for first responders and smart new uses of Community Development Block Grant monies to attract other new affordable and workforce housing investment and financing.
“But we need the federal government as our partner, investing in affordable housing at scale in Columbia and in cities, suburbs and rural areas across our country,” Mayor Benjamin, immediate past president of the U.S. Conference of Mayors, added. “Mayors & CEOs for U.S. Housing Investment is the vehicle to get that done, harnessing the power of cities and businesses to repatriate America’s tax dollars from Washington and back into our local communities.”
Mayors & CEOs for U.S. Housing Investment believes U.S. housing is a pro-family, pro-jobs federal government investment in America’s future. This is manifested in a National Association of Home Builders study showing that innovative investing in, and building of, 100 affordable rental homes can generate more than $11 million in local income, $2 million in taxes and other revenue for local governments, and more than 160 local jobs, all in the first year. The National Low Income Housing Coalition also found that investment bears dividends economically and socially: for every additional year a child spends in a better neighborhood environment, their economic outcome as an adult improves, extending benefits to their community.
Mayors & CEOs for U.S. Housing Investment’s partners include the National League of Cities and it is advised by the National Alliance to End Homelessness and Enterprise Community Partners.