Castor Leads Passage Of Historic Housing Bill

Press Release

U.S. Representative Kathy Castor today led off the congressional debate on the American Housing Rescue and Foreclosure Prevention Act on the floor of the United States House of Representatives.

Castor recently held the first Foreclosure Assistance Workshop in Tampa, where hundreds of people came to seek guidance with their mortgage problems. Banks were on hand to rework loans. Castor heard heart-wrenching stories from hundreds of her hard-working neighbors and went right back to work in Washington to help pass the most impactful housing bill in a generation. The American Housing Rescue and Foreclosure Prevention Act is a constructive answer to the foreclosure crisis to try to keep affordable housing in our communities and assist hard-working folks across America.

"Our landmark legislation today throws a lifeline to families who are struggling to maintain the American dream of home ownership during this housing crisis and economic downturn," said Castor from the House floor. "Families across America are being forced to make heart-wrenching decisions in order to stay in their homes. The good news is that many of us in this Congress understand and we are going to stand up for families and ensure - that if you work hard and play by the rules - the tools and resources will be available to help you stay in your home."

This comprehensive legislation will assist homeowners facing foreclosure, and help strengthen the housing market and our overall economy.

This bill will help significant numbers of hard-working American families in danger of losing their home refinance into lower-cost government -insured mortgages they can afford to repay - at no cost to the American taxpayer.

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