As a member of the Congressional Black Caucus, I am so very, very proud to be here in support of the Congressional Black Caucus budget. This is a budget with a centerpiece: Job creation. This is a budget that is balanced. This is a budget that is in opposition to the Ryan budget that would slash and burn and cut and deny our senior citizens, deny our children, do away with Head Start and many programs that the American people deserve to have. I am a member of the Financial Services Committee, now serving as a ranking member. I created the Neighborhood Stabilization Program. The Neighborhood Stabilization Program is a program that goes into communities that have been devastated by foreclosures based on the subprime meltdown that we had in this country, where so many people were tricked into signing onto loans and mortgages they could not afford. Thus, they went into foreclosure. These communities have been devastated with boarded-up homes, with stray animals on the property, with police and fire having to spend more money in these cities to try and upkeep them. The Ryan budget would do away with the Neighborhood Stabilization Program. The home values must be maintained in these communities. Some people are trying to keep up their homes, but with these boarded-up properties, the value of the homes go down. The Neighborhood Stabilization Program is a project that would revitalize the properties and put them back on the market as affordable homes.…
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