DAVIS DELIVERS.

My top priority for the next Congressional term is to align directly with the immediate needs of District 24, and affordability and infrastructure are issues critical to our district’s survival and economic future. To address these challenges, I plan to allocate resiliency earmarks to lower housing costs, reduce the overall cost of living, and resolve infrastructure pain points. I would first start by developing a task force program that identifies the collective stakeholders and groups to organize standard, scheduled meetings to ensure inclusiveness and representation of the diverse, multi-cultural communities District 24 comprises. After listening and understanding what is most important to those communities, I would prioritize and act on those needs. 

In doing so, all of my efforts and resources available to the District would support the safety, well-being, and development of all. Education and vocational training are vital for the development and infrastructure of our greatest asset: human resources. Therefore, I would establish the “3-3 Affordability Program” to cap interest rates on student loans, limit income-driven repayment, provide loan forgiveness for public service and first responders, and retroactively consolidate existing loans. The interest rate would not exceed 3% for the life of the loan. An income-driven repayment plan would be capped at no more than 3% of the borrower's net income.  Doing so would create an opportunity to not only yield higher-paying jobs, but also allow people to plan their lives properly. 

Borrowers employed full-time in a public service role are eligible for loan forgiveness. Upon completion of 10 years of qualifying public service employment, the remaining balance of the borrower's loans under the 3-3 Affordability Program would be entirely forgiven. Borrowers with existing Federal student loans would be allowed to retroactively consolidate their prior loans into the “3-3 Program” framework.  Upon retroactive consolidation, the interest rate on such prior loans would be adjusted to 3%, and the borrower's repayment terms would be capped at 3%.

South Florida's property insurance crisis and post-Surfside condominium safety requirements are making homeownership increasingly unaffordable for many of our neighbors, but I believe that in the description of every problem is a solution. Because these issues are largely governed by state law, I will focus on compassionate federal actions that provide immediate relief and long-term security for the families in District 24.

Specifically, I will introduce legislation to offer zero-to-low interest loans as the “3-3 Homeownership Sustainability Program”.   The program would help homeowners manage massive assessments for building safety recertifications, which is a crucial step given the high number of multi-unit buildings in our district.   By utilizing federal loans and local grants, homeowners would know that the maximum down payment for assessments would not exceed 3% and the interest rate would be at 3% for the life of the loan. To fund this program, an interest rate buy-down fund would be established to compensate lenders through direct federal subsidies or tax credits.

To prevent constituents from losing health care coverage or facing higher premiums, I would support programs that guarantee subsidies for income-restricted individuals and lower premiums for those who voluntarily participate in preventative programs to transition from managing sickness to thriving through wellness.  The benchmarks to receive a reduction in premiums would be based on three measures: 1.) holistic nutritional lifestyle programs; 2.) integrative care for both alternative and conventional treatments, and 3.) preventative health programs where doctors would be mandated to review all viable options, allowing patients to choose the methodology that yields the best results while ensuring affordability by also capping deductibles. Affordability is vital as hospitals or doctors often charge higher-rates to insurance companies, irrespective of whether the treatment is the best option for the patient.

Big-pharma, hospitals, insurance companies, the mega-rich and multi-million and billion-dollar corporations benefit from tax loopholes that could otherwise fund these subsidies.  Creating a fund from the profit reductions and properly regulating these corporations could be used to lower individual premium costs and fund subsidies.ription