Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez introduced a “Green New Deal for Public Housing Act” on Monday that would invest $172 billion in “green retrofits” that they say would eliminate all carbon emissions and update all needed repairs in public housing.
“At this time of unprecedented crisis, we must move forward to boldly address the systemic and existential threats facing us today and that includes combating climate change and making sure that every American has a safe and decent place to live,” Sanders said.
In addition to the $172 billion investment, Sanders and Ocasio-Cortez say their bill would:
- Create up to 240,000 jobs per year across the county.
- Reduce annual carbon emissions by 5.6 million metric tons.
- Reduce public housing water bills by up to 30 percent per year ($97 million).
- Reduce public housing energy bills by up to 70 percent per year ($613 million).
“With America facing an affordable housing crisis and the perils of climate change, we must invest in our housing infrastructure now,” Rep. Ocasio-Cortez said.
A summary of the bill can be found here.