Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2011

Floor Speech

BREAK IN TRANSCRIPT.

Mr. McNERNEY. I rise today in strong support of the amendment under consideration, and I would like to recognize Mr. Cardoza for his work on this issue.

Mr. Chairman, we both represent parts of the San Joaquin Valley, with Mr. Costa, which unfortunately has experienced some of the highest foreclosure rates in the Nation. It is long past time for this administration to develop effective measures to alleviate this crisis. Their efforts to date have fallen far short, and I hear from too many people who are in desperate need of help and who continue to suffer from unfair banking practices.

This amendment is meant to deliver a clear message to Secretary Donovan and to senior HUD officials: Get to work and find real solutions.

The administration knows that families are on the verge of losing their homes and that businesses' and workers' economic futures depend on the recovery of the housing market.

BREAK IN TRANSCRIPT.

Source