Political Quotes

“My amendment would direct the Secretary of HUD to conduct a study to determine the approximate number of foreclosed and abandoned properties that will not be purchased or rehabilitated in the district of each Member of Congress as a result of the rescission and termination of funding under this act. The Secretary would then report these findings to Congress. CBO has scored this amendment at zero cost. Now, personally, I do not believe that the Neighborhood Stabilization Program should be terminated because NSP creates jobs. So far, about 72,000 housing units are projected to be impacted by round one of NSP. HUD projects that an additional 24,000 housing units are projected to be impacted by NSP2. Each of these projects requires the work of contractors, such as roofers and painters and landscapers and pavers. And through the program, other real estate professionals like Realtors and title insurance agents have also received employment and contracting opportunities. This NSP program really does create jobs, and this is a program that creates jobs by doing important work in the community. Contrary to what some say, the problem of homes abandoned by banks is common, and it is difficult for municipalities to mitigate their effects.…”