On the recordOctober 10, 2007
Mr. Chairman, never before in the history of this country, the United States of America, have we had as great a need for affordable housing as we need right now. We have just come out of perhaps the most devastating storm and natural disaster in the history of our country and the greatest need in that area, not just in the gulf area, but rippling throughout this country as a result of that is affordable housing. And, Mr. Chairman, one in seven households now spend more than 50 percent of their income on housing, and on any given night in America, across the width and breadth of this country, nearly 1 million of our people are homeless, including men, women, and children, and nowhere is it targeted to the elderly and the low income. So what are we doing with this affordable housing trust fund? We're responding to the hue and the cry of the American people, for we need to make sure that we have affordable housing.
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