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Thursday, November 21, 2024

Lummis Highlights Housing Shortage in Banking, Housing and Urban Affairs Committee Hearing

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Senator Cynthia Lummis, U.S. Senator for Wyoming | Official U.S. Senate headshot

Senator Cynthia Lummis, U.S. Senator for Wyoming | Official U.S. Senate headshot

WASHINGTON, D.C. — U.S. Senator Cynthia Lummis (R-WY) drew attention to Wyoming's pressing housing shortage during a Senate Banking, Housing and Urban Affairs committee hearing. The hearing, held recently, shed light on the need for significant housing development in the state to address the increasing demand.

Lummis highlighted the severity of the situation by citing a report from the Wyoming Community Development Authority, which indicated that Wyoming requires the construction of 20,000-38,000 new housing units in the current decade. The Senator expressed concern over the challenges posed by bureaucratic hurdles and soaring inflation rates, which have driven up housing prices and hindered construction and renovation projects.

"Across the country, unnecessary red tape and sky-high inflation rates have raised housing prices and dramatically slowed down new construction and renovation projects, creating an especially untenable situation for rural areas across Wyoming," said Lummis during the hearing.

Lummis criticized the approach taken by the current administration, stating, "While this administration continues to haphazardly throw money at the problem, I am working with my colleagues to move forward with commonsense changes to federal programs so we can better meet housing demands in the Cowboy State."

The Senator emphasized the importance of implementing practical solutions to address the housing shortage and ensure that the needs of Wyoming residents are met effectively. Lummis's advocacy for reforming federal programs reflects her commitment to finding sustainable ways to tackle the housing crisis in the state.

For further insights into Senator Lummis's remarks on Wyoming's housing shortage, a video of her statements during the committee hearing is available [here](insert link).

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