Political Quotes

“I congratulate Senator Mack for his work in developing a workable solution to the section 8 contract renewal problem, and also Secretary Cuomo for his willingness to work with the Senate. Needless to say, it is my hope that this issue still can be resolved in budget reconciliation or through the regular authorization process. However, if it becomes necessary, we will pursue this issue through the appropriations process. I look forward to working with the Banking Committee as we move forward and I will endeavor to include any changes that are based on agreements between your committee and HUD. It is likely that those agreements would be incorporated during the conference with the House. As a member of the Banking Committee during the last Congress and as a cosponsor of the bill, I appreciate the work that the authorizing committee has done on this legislation. Multifamily portfolio restructuring is an urgent priority. I look forward to continuing our work together in resolving the contract renewal crisis.”