Even those higher subsidy caps are still 26 to 35 percent below market rents.

One of the problems is HUD's process for determining fair market rents they simply--the process simply does not reflect the reality of housing markets in communities across this Nation.

Congress and the Administration need to keep an eye on this trend to ensure that the housing market remains open and fair for everybody.

The fiscal year 2022 Omnibus helped to strike that balance between supply and demand, with a record funding for the HOME Program, and new incremental vouchers.

I am encouraged by proposals in the administration's budget to provide funding for communities that update their land use and zoning regulations to allow for more multi-family housing opportunities.

In Bath, Maine, the HUD fair market rents are 38 to 46 percent below market rents.

I think we need to really increase public awareness, or a lot of people will find that what they thought were down payments for a home are disappearing because of cyber crime.

Permanent authorization is key to reducing unnecessary delays, and helping families to get back on their feet after a disaster.

I brought to your attention a problem that we are having in Bangor, Maine, where I live, where the unsheltered population has grown enormously in the past 2 years.

I am very concerned that cyber crime is starting to soar in the area of housing, and it can be absolutely devastating for families that fall victim.

I must say I don't understand that.

An impossible scenario

they may stand to lose significant amounts of revenue, or in some instances, their entire business.

I think that ought to be part of the strategy.

Thank you for your very powerful testimony and your very specific recommendations.

Our policy toward China is all over the place.

We've got to get over our aversion to the idea of industrial policy.

I was very surprised to see that your budget is again proposing to zero out this program.