Political Quotes

“My amendment would simply require the Secretary of the Department of Housing and Urban Development to send a notice to all of the NSP grantees who would have received funding under the third round of NSP that the program has been terminated. Further, the notice would include the name and contact information for the Member of Congress representing that grantee's district, along with a notice saying that the grantee can contact that Member directly for assistance in mitigating foreclosed properties. As you know, we passed such an amendment off the floor when we took up the FHA bill, which would have basically allowed the homeowners to refinance their properties. So we have one such amendment with the elimination of that program. The CBO has scored this amendment at zero cost. Since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which provided the NSP funds that are now subject to this repeal, my office has received many calls from potential grantees about the status of the program and what funding they could expect. Because this act would rescind those funds nearly 8 months after the passage of Dodd-Frank, I think that a simple letter from HUD, sent to States, counties and cities, which would simply notify them of this change, is in order.…”